Amended 2006 Incentive Compensation Program for Jeffrey Croft (Dominion Homes, Inc.)
This agreement outlines the amended 2006 incentive compensation program for Jeffrey Croft, President and COO of Dominion Homes, Inc. 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. Croft is eligible for varying cash awards, with higher performance resulting in higher payouts. The agreement details the award amounts for meeting, exceeding, or exceptionally surpassing each target.
Exhibit 10.3
Dominion Homes, Inc.
Amended 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 | |
