2006 Bonus Criteria (4) 2005 Shares of Corporate/ Individual/Team 2006 Base Bonus Restricted Bonus Financial PerformanceName Title Salary (1) Amount Stock (2) Range (3) Goals GoalsAndrew C. Florance President & Chief Executive Officer $ 405,363 $ 272,473 12,625 0-100% 75 % 25 %Frank A. Carchedi Chief Financial Officer & Treasurer $ 226,455 $ 141,855 3,443 50-80% 60 % 40 %ChristopherTully (5) Sr. Vice PresidentSales & CustomerService $ 238,680 $ 64,260 2,967 0-35% 0 %(5) 100 %Craig Farrington Vice President Research $ 178,432 $ 93,291 1,952 0-75% 40 % 60 %
Contract Categories:
Human Resources
- Bonus & Incentive Agreements
EX-10.1 2 w20556exv10w1.htm EXHIBIT 10.1 exv10w1
Exhibit 10.1
Summary Sheet regarding Compensation for Executive Officers
| 2006 Bonus Criteria (4) | ||||||||||||||||||||||||
| 2005 | Shares of | Corporate/ | Individual/Team | |||||||||||||||||||||
| 2006 Base | Bonus | Restricted | Bonus | Financial | Performance | |||||||||||||||||||
| Name | Title | Salary (1) | Amount | Stock (2) | Range (3) | Goals | Goals | |||||||||||||||||
Andrew C. Florance | President & Chief Executive Officer | $ | 405,363 | $ | 272,473 | 12,625 | 0-100% | 75 | % | 25 | % | |||||||||||||
Frank A. Carchedi | Chief Financial Officer & Treasurer | $ | 226,455 | $ | 141,855 | 3,443 | 50-80% | 60 | % | 40 | % | |||||||||||||
Christopher Tully (5) | Sr. Vice President Sales & Customer Service | $ | 238,680 | $ | 64,260 | 2,967 | 0-35% | 0 | %(5) | 100 | % | |||||||||||||
Craig Farrington | Vice President Research | $ | 178,432 | $ | 93,291 | 1,952 | 0-75% | 40 | % | 60 | % | |||||||||||||
| (1) | All salary increases will be effective as of April 1, 2006. | |
| (2) | The shares of restricted stock were granted to the executives under the Company’s 1998 Stock Incentive Plan, as amended. The shares vest over a four-year period, one-fourth on each of April 27, 2007, April 27, 2008, April 27, 2009 and April 27, 2010. A form of restricted stock agreement has been filed as an exhibit to the Company’s Annual Report on Form 10-K for the year ended December 31, 2004 and is incorporated by reference herein. | |
| (3) | The bonus range represents a percentage of the executive’s base salary. | |
| (4) | The table sets forth the break down for each executive officer of the percentage of such officer’s bonus that is based on achievement of corporate/financial goals and the percentage of such officer’s bonus that is based on achievement of individual/team performance goals. The criteria that the Committee uses to determine bonuses include, without limitation, the level of achievement of goals based on the following criteria: Company revenues, Company earnings, research, data quality, new and enhanced products, software development, management, customer service, accounts receivable, human resources, investor relations, financial reporting and sales. The criteria differ for each of the executive officers. | |
| (5) | Mr. Tully also has the ability to earn monthly commissions based on the Company’s monthly net new revenue amounts. |
