Endurance International Group Holdings, Inc. Changes to NEO Target Annual Cash Bonus Percentages (Effective July 1, 2016)
Endurance International Group Holdings, Inc. has updated the target annual cash bonus percentages for three of its named executive officers, effective July 1, 2016. Ronald LaSalvia's target bonus increases from 60% to 75% of base salary, while Kathy Andreasen and David Bryson's target bonuses each increase from 50% to 60% of base salary. These changes were approved by the company's Compensation Committee following a review of market compensation data.
Exhibit 10.7
Changes to NEO Target Annual Cash Bonus Percentages
Effective July 1, 2016
In April 2016, after the annual process of reviewing market data on compensation at peer companies, the Compensation Committee of Endurance International Group Holdings, Inc. (the “Company”) approved the following changes to the target annual cash bonus percentages of three of the Company’s named executive officers effective July 1, 2016, as follows:
| • | Ronald LaSalvia, President and Chief Operating Officer: target annual cash bonus percentage increased from 60% of base salary to 75% of base salary |
| • | Kathy Andreasen, Chief Administrative Officer: target annual cash bonus percentage increased from 50% of base salary to 60% of base salary |
| • | David Bryson, Chief Legal Officer: target annual cash bonus percentage increased from 50% of base salary to 60% of base salary |
