Executive Bonus Plan Schedule for Fiscal Year 2009

Summary

This agreement outlines the Executive Bonus Plan for the 2009 fiscal year, specifying how bonuses are calculated for executives based on a percentage of their annual base pay. The bonus amount depends on the company's achievement of budgeted operating profit goals and compliance audit scores. To qualify for a bonus, the company must achieve an average compliance audit score of at least 3.5. The plan includes a tiered payout structure, with higher bonuses awarded for exceeding profit targets, and no bonus if less than 90% of the profit goal is achieved.

EX-10.2 3 exhibit2.htm EX-10.2 EX-10.2

EXECUTIVE BONUS PLAN SCHEDULE
Pursuant to the Fiscal Year 2009 Campus Support Bonus Plan

                         
Award as a % of Annual Base Pay   Component        
Target %
    [ ] %   Company Budgeted Operating Profit     100 %
 
                       
Maximum %
    [ ] %                
 
                       
Gate
                       
 
                       
Compliance - The company must receive an annual average compliance audit score of
“3.5” or better to achieve a bonus award.
               
 
                 
Company Budgeted Operating Profit Payout Tiers (1)
 
  % of Operating Profit Goal Achieved   % of Bonus Target Earned
 
               
Maximum
    = 130.0 %     200.0 %
 
               
 
    124.00 %     180.0 %
 
               
 
    118.00 %     160.0 %
 
               
 
    112.00 %     140.0 %
 
               
 
    106.00 %     120.0 %
 
               
Target
    100.00 %     100.0 %
 
               
 
    98.00 %     88.0 %
 
               
 
    96.00 %     76.0 %
 
               
 
    94.00 %     64.0 %
 
               
 
    92.00 %     52.0 %
 
               
 
    90.00 %     40.0 %
 
               
 
    = 90.0 %     0.00 %
 
               

  (1)   Awards for performance levels shown are calculated using interpolation between points.