SECOND Amendment TO THE 2016 MANAGEMENT BONUS PLAN
Exhibit 10.3
SECOND Amendment TO THE 2016 MANAGEMENT BONUS PLAN
THIS SECOND AMENDMENT TO 2016 MANAGEMENT BONUS PLAN (this “Amendment”) is made effective as of October 1, 2016.
RECITALS
A. | FTD Companies, Inc. (the “Company”) previously established the 2016 Management Bonus Plan (as amended by the First Amendment to the 2016 Management Bonus Plan made effective as of August 1, 2016, the “Plan”) under the Incentive Bonus Program and the Stock Issuance Program of the Company’s stockholder-approved Amended and Restated 2013 Incentive Compensation Plan, as amended and restated June 9, 2015. |
B. | Section 6.01 of the Plan permits the Compensation Committee of the Company’s Board of Directors (the “Committee”) to amend the Plan and the Committee authorized the Amendment of the Plan by written consent on September 30, 2016. |
Amendment of the Plan
1. | Schedule I and Schedule II to the Plan are hereby deleted and replaced in their entirety by Schedule I and Schedule II attached to this Amendment, respectively. |
2. | Capitalized terms not defined in this Amendment shall have the meanings ascribed to them in the Plan. |
3. | Except to the extent amended hereby, all terms, provisions and conditions of the Plan are hereby ratified and shall continue in full force and effect and the Plan shall remain enforceable and binding in accordance with its terms. |
SCHEDULE I
Name | Corporate | Departmental |
Vratimos, Eric | 30% (Consolidated); 60% (Divisional) | 10% |
Carl, Patty | 20% (Consolidated); 60% (Domestic) | 20% |
Hughes, Rhys | 30% (Consolidated); 60% (Divisional) | 10% |
Levin, Scott | 80% (Consolidated) | 20%
|
Moeller, Tom | 30% (Consolidated); 60% (Divisional) | 10% |
Sheehan, Becky | 80% (Consolidated) | 20%
|
Quinn, Helen | 30% (Consolidated); 60% (Divisional) | 10% |
Dorion, Michael | 20% (Consolidated); 60% (Domestic) | 20% |
Perrott, Dale | 20% (Consolidated); 60% (Domestic) | 20% |
SCHEDULE II
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