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 ]
| | ||
| Total Bonus Opportunity | VP/SVP (Non-Variable) | |
| | ||
| Base Salary: | USD | |
| EIP Bonus | USD __% - __% of Base Salary | |
| On Target Earnings (OTE): | USD | |
| | ||
| 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 | |
