Senior Management Bonus Plan Effective January 1, 2009

Summary

This agreement outlines the Senior Management Bonus Plan for certain senior managers of the company, effective January 1, 2009. Bonuses are determined 50% by the company's annual gross revenues and 50% by its EBITDA, as calculated according to company accounting practices and GAAP. The Compensation Committee selects eligible participants and sets annual performance goals. The Board of Directors and Compensation Committee may change or end the plan at any time. Bonus amounts are based on the achievement of specific revenue and EBITDA targets, with higher performance resulting in higher bonus percentages.

EX-10.2 3 c48390exv10w2.htm EX-10.2 EX-10.2

Exhibit 10.2

SENIOR MANAGEMENT BONUS PLAN

Effective January 1, 2009

The Senior Management Bonus Plan (the “Plan”) provides bonuses to certain members of the Company’s senior management team. Such bonuses are based 50 percent upon the Company’s annual gross revenues and 50 percent upon the Company’s EBITDA123R / (loss), which is calculated based upon the Company’s accounting practices, consistently applied and upon GAAP standards applicable to the Company.

The Company’s Compensation Committee will identify eligible members of senior management and establish gross revenue and EBITDA goals for the upcoming plan year on an annual basis. The Company’s Board of Directors and the Compensation Committee of the Board reserve the right to modify, terminate or suspend this plan at any time in the Board or Committee’s sole discretion.


	Percentage of
	Annual Gross
	Revenue and
Percentage of Goal Annual	EBITDA123R/
Gross Revenue and	(Loss) portion of
EBITDA123R / (Loss)	Target Bonus
Less than 75%		0	%
75% to < 85%		20	%
85% to < 100%		50	%
100% to < 110%		100	%
110% to < 120%		110	%
120% to < 130%		120	%
130% to < 140%		130	%
140% to < 150%		140	%
150% to < 160%		150	%
160% to < 170%		160	%
170% to < 180%		170	%
180% to < 190%		180	%
190% to < 200%		190	%
Over 200%		200	%