EchoStar Communications Corporation 2005 Cash Incentive Plan Description
EchoStar Communications Corporation established the 2005 Cash Incentive Plan to reward key employees, including executive officers, vice presidents, directors, and other designated staff, with cash bonuses for meeting specific short-term business goals. The plan aims to align employee performance with company objectives and shareholder interests. The maximum bonus any participant can receive is less than their annual base salary. Eligibility and award amounts are determined by management, with executive officers also evaluated on certain subjective criteria.
Exhibit 10.2
DESCRIPTION OF THE 2005 CASH INCENTIVE PLAN
Purpose
On January 22, 2005, EchoStar Communications Corporation (“EchoStar”) established a short-term cash incentive plan for the 2005 fiscal year (the “2005 Cash Incentive Plan”). The purpose of the 2005 Cash Incentive Plan is to promote EchoStar’s interests and the interests of EchoStar’s stockholders by providing EchoStar’s key employees with financial rewards upon achievement of specified short-term business objectives together with, for EchoStar’s executive officers, certain subjective criteria.
Eligibility
The employees eligible to participate in the 2005 Cash Incentive Plan include EchoStar’s executive officers, vice presidents, director-level employees and certain other key employees designated by management of EchoStar.
Amount of Awards
The maximum amount payable to any employee under the 2005 Cash Incentive Plan upon satisfaction of all specified business objectives and other criteria is less than the employee’s annual base salary.
