Executive Leadership Bonus Plan Schedule for Fiscal Year 2011

Summary

This agreement outlines the Executive Leadership Bonus Plan for the 2011 fiscal year, specifying how bonuses are awarded to executives based on the company's operating profit and compliance audit scores. Executives are eligible for a bonus as a percentage of their annual base pay, with the payout amount determined by the company's achievement of budgeted operating profit targets and a minimum compliance audit score of 3.5. The plan includes a tiered payout structure, with higher company profits resulting in larger bonus percentages.

EX-10.2 2 dex102.htm FORM OF EXECUTIVE BONUS PLAN SCHEDULE Form of Executive Bonus Plan Schedule

Exhibit 10.2

EXECUTIVE LEADERSHIP

BONUS PLAN SCHEDULE

Pursuant to the Fiscal Year 2011 Campus Support Bonus Plan

 

 

 

Award as a % of Annual Base Pay

                                  Components   

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 under both company operating profit and management objectives.

Company Budgeted Operating Profit Payout Tiers (1)

     % of Operating Profit
Goal Achieved
        

Company Profit

Portion as % Salary

 

Maximum

   ³  130.0        200.0
     124.0        180.0
     118.0        160.0
     112.0        140.0
     106.0        120.0

Target

     100.0        100.0
     98.0        66.0
     96.0        57.0
     94.0        48.0
     92.0        39.0
     90.0        30.0
   <  90.0        0.0

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