2006 Incentive Compensation Program for David S. Borror with Dominion Homes, Inc.
Dominion Homes, Inc. established a 2006 incentive compensation program for David S. Borror, its Corporate Executive Vice President. The program sets specific performance targets in three areas: net income, corporate debt management, and customer satisfaction. Depending on the level of achievement in each area, Mr. Borror can earn varying award amounts, with higher payouts for exceeding targets. The program outlines clear financial and performance goals for the year, linking compensation directly to company results and customer satisfaction metrics.
Exhibit 10.4
Dominion Homes, Inc.
2006 Incentive Compensation Program
David S. Borror, Corporate Executive Vice President
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 | |
