The Management Network Group, Inc. 2007 Executive Incentive Compensation Plan
The Management Network Group, Inc. has established a 2007 Executive Incentive Compensation Plan for its top executives, including the CEO, president, COO, CFO, and other recommended executives. The plan sets a bonus pool based on the company's Non-GAAP EBITDA for the year, with specific thresholds and percentages determining the total pool, which is capped at $2 million. The Compensation Committee or independent directors will decide how the bonus pool is distributed among eligible executives. The plan excludes non-cash and extraordinary one-time charges from EBITDA calculations.
The Management Network Group, Inc.
2007 Executive Incentive Compensation Plan
The following is a description of the executive incentive compensation plan for fiscal year 2007 adopted by the independent members of the Board of Directors of The Management Network Group, Inc.:
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| The amount, if any, of the bonus pool for fiscal year 2007 will be determined as follows: |
| 2007 Non-GAAP EBITDA1 | Incremental Rate | Cumulative Pool Amount |
| Less than $5,000,000 | None | $0 |
| $5,000,001 to $7,500,000 | 12.5% | $812,500 plus 12.5% of the amount over $5,000,001 |
| $7,500,001 to $10,000,000 | 10.0% | $1,125,000 plus 10% of the amount over $7,500,001 |
| $10,000,001 to $18,333,333 | 7.5% | $1,375,000 plus 7.5% of the amount over $10,000,001 |
| Over $18,333,333 | None | Pool is capped at $2,000,000 |
Eligible Participants: Principal executive officer, president and chief operating officer, principal financial officer, and other executives, as recommended by the principal executive officer to the Compensation Committee and/or independent directors.
The distribution of the bonus pool amount, if any, among the Eligible Participants will be determined by the Compensation Committee and/or independent directors.
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1 Non-GAAP EBITDA excludes non-cash charges and extraordinary one-time charges.
