Dominion Homes, Inc. 2005 Incentive Compensation Program Corporate Executive Vice President, Senior Vice President ofFinance and CFO
EX-10.3 4 dex103.htm 2005 INCENTIVE COMPENSATION PROGRAM 2005 Incentive Compensation Program
Exhibit 10.3
Dominion Homes, Inc.
2005 Incentive Compensation Program
Corporate Executive Vice President, Senior Vice President of Finance and CFO
| Net Income: | |||
| Goal | Award | ||
| 100% of Target Net Income | $ | 75,000 | |
| 180% of Target Net Income | $ | 187,500 | |
| 300% of Target Net Income | $ | 300,000 | |
| Customer Satisfaction: | |||
| Goal | Award | ||
| 94% | $ | 12,500 | |
| 95% | $ | 25,000 | |
| 96% | $ | 37,500 | |
| Departmental/Divisional Performance: | |||
| Goal | Award* | ||
| 100% target division net income achieved | $ | 12,500 | |
| 100% target asset management achieved | $ | 12,500 | |
| 100% of individual objectives achieved | $ | 12,500 | |
| * | Total departmental/divisional performance target level is $37,500. All three objectives must be achieved to receive $37,500 payout. Two of three objectives achieved would yield a $25,000 payout, one objective achieved would yield $12,500 payout. |
