2005 Bonus Plan
Contract Categories:
Human Resources
- Bonus & Incentive Agreements
EX-10.5 2 dex105.htm 2005 BONUS PLAN 2005 BONUS PLAN
Exhibit 10.5
2005 Bonus Plan
| 1. | Quarterly bonus payouts based on Company financial results and individual performance vs. MBO’s. |
| • | For senior management team, 75% of bonus amount based on financial results, 25% on individual MBO’s. |
| • | For other managers, 50% of bonus amount based on financial results, 50% on individual MBO’s. |
| 2. | Unlike the 2004 plan, emphasis will be on financial metrics instead of corporate strategic goals. |
| 3. | Quarterly percentages of total annual bonus target are as follows: |
Q1: 20%
Q2: 20%
Q3: 20%
Q4: 40% (based on quarterly and year-end results)
| 4. | Financial Objectives (to be set prior to each quarter) |
| 5. | Individual MBO’s will be established based on company priorities |
