Fiscal 2010 Variable Compensation Plan Scale for Named Executive Officers
This agreement outlines the variable compensation plan for named executive officers for fiscal year 2010. It specifies how payouts are determined based on the company's pro forma EBITDA performance for the first and second halves of the fiscal year. The plan also sets revenue and pre-tax profit thresholds that must be met for payouts to occur. Certain financial details have been omitted for confidentiality. The agreement is between the company and its executive officers, establishing the criteria for their performance-based compensation.
Exhibit 10.4
Fiscal 2010 Variable Compensation Plan Scale for Named Executive Officers
First Half FY 2010 VCP Scale |
| Second Half FY 2010 VCP Scale |
| ||||
Pro Forma EBITDA % |
| Payout |
| Pro Forma EBITDA % |
| Payout |
|
[*] |
| 0 | % | [*] |
| 0 | % |
[*] |
| [*] | % | [*] |
| [*] | % |
[*] |
| [*] | % | [*] |
| [*] | % |
[*] |
| [*] | % | [*] |
| [*] | % |
[*] |
| 100 | % | [*] |
| 200 | % |
Revenue Threshold $[*] |
| Revenue Threshold $[*] |
| ||||
Pre-tax Profit Threshold $[*] |
|
|
|
|
|
[*] CERTAIN INFORMATION ON THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS.