EnerNOC, Inc. 2007 Executive Officer Bonus Targets Agreement
EnerNOC, Inc. has set bonus targets for its executive officers for 2007, specifying the percentage of salary or fixed amount each may receive as a bonus. The actual bonus amounts, which may differ from these targets, will be determined by a bonus plan to be finalized by the Compensation Committee. Bonuses will be paid in cash, stock, or a combination, within 90 days after the amounts are determined.
Exhibit 10.4
EnerNOC, Inc.
2007 Executive Officer Bonus Targets
· The Company’s executive officers have the following bonus targets (expressed as a percentage of salary unless otherwise stated):
| Name and Position |
| Bonus Targets (%) |
| |
| Timothy Healy, Chief Executive Officer |
| 80 | % | |
| David Brewster, President and Chief Operating Officer |
| 70 | % | |
| Neal Isaacson, Chief Financial Officer |
| 50 | % | |
| Gregg Dixon, Senior Vice President |
| $ | 200,000 |
|
| David Samuels, Senior Vice President and General Counsel |
| 50 | % | |
| Terrence Sick, Vice President |
| 30 | % | |
The bonuses will be paid within 90 days of the determination of the amount, in cash, stock or some combination thereof, as determined based on a bonus plan to be finalized by the Compensation Committee of the Board at a future meeting. Actual bonuses may be higher or lower than the executive’s bonus target.
