Clark Holdings Inc. Bonus Incentive Policy for Executive and Senior Management
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Bonus & Incentive Agreements
Summary
Clark Holdings Inc. has established a Bonus Incentive Policy for its executive and senior management team. Under this policy, a quarterly bonus pool equal to 10% of the company's earnings before interest, tax, amortization, and restructuring charges is distributed among named executive officers. Additionally, if the company experiences a change in ownership, an extra incentive bonus pool is created, with its size determined by the transaction value. The policy specifies the percentage of each pool allocated to key officers, including the President and Chief Financial Officer.
EX-10.19 6 v217790_ex10-19.htm
Exhibit 10.19
CLARK HOLDINGS INC.
Bonus Incentive Policy
Description of Material Terms
The Bonus Incentive Policy provides for a bonus pool (the “Quarterly Bonus Pool”) for executive and senior management consisting of 10% of the Company’s earnings before interest, tax, amortization and restructuring charges, with bonuses to be paid on a quarterly basis. The Bonus Incentive Policy also provides for an additional bonus pool (the “Incentive Bonus Pool”) if the Company undergoes a change in ownership. The size of the Incentive Bonus Pool is based on the size of the transaction. The following table lists the company’s named executive officers (as defined in Item 402 of Regulation S-K) that participate in the Quarterly Bonus Pool and the Incentive Bonus Pool and each such officer’s percentage share of the bonus pools:
| Name | Title | Quarterly Bonus Pool Percentage | Incentive Bonus Pool Percentage | |||||||
| Charles H. Fischer III | President of The Clark Group, Inc. | 30 | % | 30 | % | |||||
| Kevan D. Bloomgren | Chief Financial Officer | 10 | % | 10 | % | |||||
