2005 Bonus Criteria (4) Individual/ Shares of Corporate/ Team 2005 Base 2004 Restricted Bonus Financial Performance Name Title Salary (1) Bonus Amount Stock (2) Range (3) Goals Goals Andrew C. Florance President & Chief Executive Officer $ 382,418 $ 302,310 15,920 0-100% 75% 25% Frank A. Carchedi Chief Financial Officer & Treasurer $ 213,637 $ 142,150 4,342 50-80% 60% 40% Christopher Tully (5) Sr. Vice President Sales & Customer Service $ 229,500 $ 6,563 (6) 172 (6) 0-35% 0% (5) 100% David Schaffel Chief Information Officer $ 182,946 $ 89,714 3,308 0-75% 40% 60% Craig Farrington Vice President Research $ 171,569 $ 93,724 2,068 0-75% 40% 60%
Contract Categories:
Human Resources
- Bonus & Incentive Agreements
EX-10.1 2 w06825exv10w1.htm EXHIBIT 10.1 exv10w1
Exhibit 10.1
Summary Sheet regarding Compensation for Executive Officers
2005 Bonus Criteria (4) | |||||||||||||||||||||||||||||||||||
Individual/ | |||||||||||||||||||||||||||||||||||
Shares of | Corporate/ | Team | |||||||||||||||||||||||||||||||||
2005 Base | 2004 | Restricted | Bonus | Financial | Performance | ||||||||||||||||||||||||||||||
Name | Title | Salary (1) | Bonus Amount | Stock (2) | Range (3) | Goals | Goals | ||||||||||||||||||||||||||||
Andrew C. Florance | President & Chief Executive Officer | $ | 382,418 | $ | 302,310 | 15,920 | 0-100% | 75% | 25% | ||||||||||||||||||||||||||
Frank A. Carchedi | Chief Financial Officer & Treasurer | $ | 213,637 | $ | 142,150 | 4,342 | 50-80% | 60% | 40% | ||||||||||||||||||||||||||
Christopher Tully (5) | Sr. Vice President Sales & Customer Service | $ | 229,500 | $ | 6,563 | (6) | 172 | (6) | 0-35% | 0% | (5) | 100% | |||||||||||||||||||||||
David Schaffel | Chief Information Officer | $ | 182,946 | $ | 89,714 | 3,308 | 0-75% | 40% | 60% | ||||||||||||||||||||||||||
Craig Farrington | Vice President Research | $ | 171,569 | $ | 93,724 | 2,068 | 0-75% | 40% | 60% | ||||||||||||||||||||||||||
(1) | All salary increases will be effective as of April 1, 2005. | |||
(2) | The shares of restricted stock were granted to the executives under the Companys 1998 Stock Incentive Plan, as amended. The shares vest over a four-year period, where one quarter of the shares vest on each of March 10, 2006, 2007, 2008 and 2009. A form of restricted stock agreement has been filed as an exhibit to the Companys Annual Report of 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 executives base salary. | |||
(4) | The table sets forth the break down for each executive officer of the percentage of such officers bonus that is based on achievement of corporate/financial goals and the percentage of such officers 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 Companys monthly net new revenue amounts. | |||
(6) | Mr. Tully joined the Company in December 2004. His 2004 bonus amount and his restricted stock grant have been pro rated to reflect one month of employment with the Company. |
5