Executive Incentive Plan Description and Summary Forms of Notice Executive Incentive Plan (EIP) Effective September 24, 2005
EX-10.1 2 ex1001.htm Exhibit 10.1
Executive Incentive Plan Description and Summary Forms of Notice
Executive Incentive Plan (EIP)
Effective September 24, 2005
[ INSERT NAME ]
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Total Bonus Opportunity | VP/SVP (Non-Variable) | |
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Base Salary: | USD | |
EIP Bonus | USD __% - __% of Base Salary | |
On Target Earnings (OTE): | USD | |
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Plan Components | ||
|
I. | Corporate Goals Measurement | |
__% - __% of Base Salary | ||
> __% - __% based on annual corporate results | ||
> __% based on quarterly corporate results | ||
Corporate Results measured 30/70 on Revenue / Operating Profit | ||
No payment on revenue component if operating profit not met | ||
If both targets are met or exceeded bonus is paid at 100% of target | ||
II. | Individual Goals Measurement | |
__% of Base Salary | ||
Individual goals are approved by the senior executive management team at the outset of the measurement period. | ||
Degree of achievement against individual goals will be assessed and approved by the senior executive management team prior to payment. | ||
Executive Incentive Plan (EIP)
Effective September 24, 2005
[ INSERT NAME ]
| ||
Total Bonus Opportunity | VP/SVP (Variable) | |
| ||
Base Salary: | USD | |
EIP Bonus | USD __% of Base Salary | |
On Target Earnings (OTE): | USD | |
| ||
Plan Components | ||
|
Corporate Goals Measurement | |
__% of Base Salary | |
> Total bonus based on annual corporate results | |
Corporate Results measured 30/70 on Revenue / Operating Profit | |
No payment on revenue component if operating profit not met | |
If both targets are met or exceeded, bonus is paid at 100% of target |
Executive Incentive Plan (EIP)
Effective September 24, 2005
[ INSERT NAME ]
| ||
Total Bonus Opportunity | CEO/COO (Non-Variable) | |
| ||
Base Salary: | USD | |
EIP Bonus | USD __% of Base Salary | |
On Target Earnings (OTE): | USD | |
| ||
Plan Components | ||
|
Corporate Goals Measurement | |
__% of Base Salary | |
> __% bonus based on annual corporate results | |
> __% bonus based on quarterly corporate results | |
Corporate Results measured 30/70 on Revenue / Operating Profit | |
No payment on revenue component if operating profit not met | |
If both targets are met or exceeded, bonus is paid at 100% of target |