Executive Bonus Plan Schedule for Fiscal Year 2011
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Summary
This document outlines the Executive Bonus Plan for the 2011 fiscal year, specifying how bonuses are calculated for eligible 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 payout increases as higher percentages of the operating profit goal are met, with specific tiers and a maximum payout defined.
EX-10.2 3 exhibit2.htm EX-10.2 EX-10.2
EXECUTIVE BONUS PLAN SCHEDULE
Pursuant to the Fiscal Year 2011 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 | = 117.0% | 200.0 | % | |||
113.6% | 180.0 | % | ||||
111.2% | 160.0 | % | ||||
106.8% | 140.0 | % | ||||
103.4% | 120.0 | % | ||||
| Target | 100.0% | 100.0 | % | |||
98.0% | 88.0 | % | ||||
96.0% | 76.0 | % | ||||
94.0% | 64.0 | % | ||||
92.0% | 52.0 | % | ||||
90.0% | 40.0 | % | ||||
= 90.0% | 0.00 | % | ||||
| (1) | Awards for performance levels shown are calculated using interpolation between points. |
