Ex-10.19 2008 Executive Incentive Plan
Contract Categories:
Human Resources
- Bonus & Incentive Agreements
EX-10.19 2 b68190ccexv10w19.htm EX-10.19 2008 EXECUTIVE INCENTIVE PLAN exv10w19
Exhibit 10.19
| 2008 Executive Incentive Plan |
| Incentive Structure Quarterly weightings Metrics Weighting of metrics Target setting Target leverage and ranges First half 2008 targets |
| Quarterly Weightings Q1 25% of annual target Q2 25% of annual target Q3 25% of annual target Q4 25% of annual target |
| Metrics AMRG Defined as average monthly "gross" revenue growth during a quarter EBITDA Defined as GAAP operating income plus depreciation and amortization plus non-cash stock based compensation Individual MBOs MBOs must be specific, measurable, attainable, realistic and time-based |
| Weighting of Metrics Weighting of metrics - CEO AMRG - 70% EBITDA - 30% Weighting of metrics - Vice Presidents AMRG - 50% EBITDA - 20% Individual MBOs - 30% |
| Target Setting AMRG set equal to budget / reforecast levels Set at beginning of year and mid-year EBITDA set equal to budget / reforecast levels Set at beginning of year and mid-year Individual MBOs Set at beginning of quarter |
| Target Leverage and Ranges AMRG Minimum threshold 85%; payout of 50% of target Maximum threshold 135%; payout of 217% of target Each 1% above 85% increases payout by 3.333% EBITDA margin Minimum threshold 95%; payout of 95% of target Maximum threshold 105%; payout of 105% of target Each 1% above 95% increases payout by 1% MBOs No minimum threshold Maximum threshold 100% Payout equal to % attainment of target |
| Target Leverage and Ranges |
