The Management Network Group, Inc. 2011 Executive Incentive Compensation Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

The Management Network Group, Inc. has established a 2011 Executive Incentive Compensation Plan for its principal executive officer, president and chief operating officer, and principal financial officer. The plan sets a bonus pool based on the company's 2011 Non-GAAP EBITDA, with specific payout amounts tied to performance thresholds and a maximum cap of $890,000. The Compensation Committee or independent directors will decide how the bonus pool is distributed among eligible executives. Non-GAAP EBITDA calculations exclude non-cash charges and extraordinary one-time items approved by the committee.

Read More Arrow
EX-10.1 4 tmng-ex101.htm EXHIBIT 10.1 tmng-ex101.htm
Exhibit 10.1

The Management Network Group, Inc.
2011 Executive Incentive Compensation Plan

The following is a description of the executive incentive compensation plan for fiscal year 2011 adopted by the independent members of the Board of Directors of The Management Network Group, Inc.:

The amount, if any, of the bonus pool for fiscal year 2011 (the "Payout Amount") will be determined as follows:

2011 Non-GAAP EBITDA (Post-Bonus) Exceeds1
  
Payout Amount
$2,750,000
  
$450,000
$3,025,000
  
$575,000
$3,300,000
  
$700,000
$3,630,000
  
$770,000
$3,970,000
  
$830,000
$4,310,000
  
$890,000
   
Payout Amount is capped at $890,000

 
Eligible Participants: Principal executive officer, president and chief operating officer, and principal financial officer.

The distribution of the Payout Amount, if any, among the Eligible Participants will be determined by the Compensation Committee and/or independent directors.


1 Non-GAAP EBITDA excludes non-cash charges and extraordinary one-time items approved by the Compensation Committee.