Horizon Health Corporation Fiscal 2003 Bonus Plan Agreement

Summary

This agreement outlines the bonus plan for Horizon Health Corporation's executives for fiscal year 2003. Bonuses are based on the company's audited net income and operating cash flow results, with specific percentages of base salary awarded depending on performance targets. Certain executives may also earn bonuses for contract retention. Additional bonuses are available for exceeding operating cash flow targets. The plan specifies the maximum bonus percentages and the conditions under which they are earned.

EX-10.14 9 d01253exv10w14.txt BONUS PLAN FISCAL 2003 EXHIBIT 10.14 HORIZON HEALTH CORPORATION BONUS PLAN -- FISCAL 2003 James W. McAtee: Shall earn a bonus for fiscal 2003 from zero (0%) to one hundred (100%) of fiscal 2003 base salary pro-rata based upon the company's audited net income results. Ronald C. Drabik: Shall earn a bonus for fiscal 2003 from zero (0%) to forty (40%) of fiscal 2003 base salary pro-rata based upon the company's audited net income results. The following bonuses will be earned starting at 80% of target achievement with pro-rata amounts due up to 100% of the target. The two contract management operators may have up to 50% of their bonus upon the achievement of specific contracts retained as set by the President and CEO of the Company. President-HBS: Up to fifty-five percent (55%) of average base salary for fiscal year 2003 based upon the achievement of operating cash flow targets consistent with fiscal 2003 budgets. President-MHO: Up to fifty percent (50%) of average base salary for fiscal year 2003 based upon the achievement of operating cash flow targets consistent with fiscal 2003 budgets. President-SRM: Up to sixty percent (60%) of average base salary for fiscal year 2003 based upon achieving a combination of operating cash flow targets and contract retention. President-HMHM: Up to sixty percent (60%) of average base salary for fiscal year 2003 based upon achieving a combination of operating cash flow targets and contract retention. An additional one/third of the amount earned by anyone who achieves 100% of the operating cash flow budget shall be earned pro-rata for achieving 100% to 120% of the operating cash flow budget.