Bonus Criteria
EX-10.1 2 ex101fy2015variablecompens.htm EXHIBIT 10.1 FISCAL 2015 VARIABLE COMPENSATION PLAN PAYOUT SCALE EX10.1 FY 2015 VariableCompensationPlan
EXHIBIT A: FY15 VCP
Two performance measures are measured and paid out independently:
• | Adjusted EBITDA$ weighted 75% |
• | Revenue weighted 25% |
Semi-annual plan, bonus paid on first half and second half published results.
Bonus Criteria | Bonus Weighting | Threshold VCP 0% | At Target VCP 100% | At Maximum VCP 200% | Comments |
Revenue – 1st half | 25% | $[·] M 0% | $[·] M 25% | $[·] M 50% | Payout capped at 100% until Pre-VCP EBTIDA$ target is met |
Revenue – 2nd half | 25% | $[·] M 0% | $[·] M 25% | $[·] M 50% | Payout capped at 100% until Pre-VCP EBTIDA$ target is met |
Pre-VCP EBITDA$ - 1st half | 75% | $[·] M 0% | $[·] M 75% | $[·] M 150% | |
Pre-VCP EBITDA$ - 2nd half | 75% | $[·] M 0% | $[·] M 75% | $[·] M 150% | |
For purposes of the VCP, “adjusted EBITDA” (or Pre-VCP EBITDA) is defined as operating income adjusted for VCP payouts, depreciation, amortization, stock compensation expense, major restructuring charges and certain non-operating income or expense charges.
[·] CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS.
