Dominion Homes, Inc. 2006 Incentive Compensation Program
Contract Categories:
Human Resources
- Bonus & Incentive Agreements
EX-10.2 3 dex102.htm 2006 INCENTIVE COMPENSATION PROGRAM FOR JEFFREY CROFT 2006 Incentive Compensation Program for Jeffrey Croft
Exhibit 10.2
Dominion Homes, Inc.
2006 Incentive Compensation Program
Jeffrey Croft, President and COO
Net Income (40% of Total)
| Goal | Award | ||
| Target | $ | 48,000 | |
| Stretch | $ | 120,000 | |
| Exceptional | $ | 200,000 | |
Corporate Debt Management (40% of Total)
| Goal | Award | ||
| 100% of Target Debt Reduction | $ | 48,000 | |
| 133% of Target Debt Reduction | $ | 120,000 | |
| 166% of Target Debt Reduction | $ | 200,000 | |
Customer Satisfaction (20% of Total)
| Goal | Award | ||
| 94% | $ | 24,000 | |
| 95% | $ | 60,000 | |
| 96% | $ | 100,000 | |
Mr. Croft will be entitled to receive a guaranteed minimum bonus for 2006 of $250,000.
