2005 Executive Bonus Structure
Contract Categories:
Human Resources
- Bonus & Incentive Agreements
EX-10.30 2 dex1030.htm 2005 EXECUTIVE BONUS STRUCTURE 2005 Executive Bonus Structure
Exhibit 10.30
2005 Executive Bonus Structure
Criteria (100% of eligible bonus as follows)
| • | 65% tied to targeted pre-tax profit levels set by the Compensation Committee based on the Company’s prior year results and Plan for the current year, with payment amounts of zero, 50%, 75% or 100% based on performance levels against that Plan. |
| • | 35% tied to performance against individual MBOs with certain minimum pretax target requirements set by the Compensation Committee. |
Opportunity
| • | 25-35% of annual base salary (depending upon executive) |
Other
| • | Additional upside opportunity of 2% to 5% of annual base salary if pre-tax profits reach levels established by the Compensation Committee in excess of the Company’s Plan. |
