Dominion Homes, Inc. 2006 Incentive Compensation Program
Contract Categories:
Human Resources
- Bonus & Incentive Agreements
EX-10.3 4 dex103.htm 2006 INCENTIVE COMPENSATION PROGRAM FOR WILLIAM G. CORNELY 2006 Incentive Compensation Program for William G. Cornely
Exhibit 10.3
Dominion Homes, Inc.
2006 Incentive Compensation Program
William G. Cornely, Senior Vice President of Finance and CFO
Net Income (40% of Total)
| Goal | Award | ||
| Target | $ | 30,000 | |
| Stretch | $ | 75,000 | |
| Exceptional | $ | 125,000 | |
Corporate Debt Management (40% of Total)
| Goal | Award | ||
| 100% of Target Debt Reduction | $ | 30,000 | |
| 133% of Target Debt Reduction | $ | 75,000 | |
| 166% of Target Debt Reduction | $ | 125,000 | |
Customer Satisfaction (20% of Total)
| Goal | Award | ||
| 94% | $ | 15,000 | |
| 95% | $ | 37,500 | |
| 96% | $ | 62,500 | |
Mr. Cornely will be entitled to receive a guaranteed minimum bonus for 2006 of $100,000.
