EnerNOC, Inc. 2011 Executive Officer Bonus Plan Summary
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Summary
EnerNOC, Inc. has established a 2011 bonus plan for its executive officers, including the CEO, President, CFO, and other senior executives. Each executive's bonus is set as a percentage of their salary, with targets ranging from 40% to 115%. The actual bonus amount will depend entirely on the company's achievement of specific revenue, earnings per share, and free cash flow goals set by the Board for 2011. Bonuses will be paid within 90 days after the amounts are determined and may be higher or lower than the target percentages.
EX-10.11 4 b84495exv10w11.htm EX-10.11 exv10w11
Exhibit 10.11
EnerNOC, Inc.
Summary of 2011 Executive Officer Bonus Plan
The Company’s executive officers have the following bonus targets (expressed as a percentage of salary unless otherwise stated):
| Name and Position | Target Bonus (%) | |||
Timothy G. Healy Chief Executive Officer and Chairman | 100 | % | ||
David B. Brewster President | 75 | % | ||
David M. Samuels Executive Vice President | 75 | % | ||
Timothy Weller Chief Financial Officer and Treasurer | 70 | % | ||
Gregg M. Dixon Senior Vice President of Marketing and Sales | 115 | % | ||
Kevin Bligh Chief Accounting Officer | 40 | % | ||
Each executive officer’s 2011 bonus amount (the “Bonus Amount”) will be determined based upon the achievement of certain pre-determined corporate performance objectives. Specifically, each executive officer’s Bonus Amount will be based entirely on the Company’s achievement of certain revenue, earnings per share and free cash flow targets applicable to 2011, which targets have been set by the Board. The bonuses will be paid within 90 days of the determination of the Bonus Amounts. Actual Bonus Amounts may be higher or lower than the executive’s bonus target.
