Horizon Health Corporation Fiscal 2001 Bonus Plan for Key Executives

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

Horizon Health Corporation established a bonus plan for fiscal year 2001 for several executives, including James W. McAtee, Ronald C. Drabik, Linda Laitner, David Tingue, Frank Baumann, and Dave White. Bonuses are based on the company's audited net income or operating cash flow results, with specific percentages of base salary awarded depending on performance against set targets. Some bonuses also depend on contract retention. The plan outlines the maximum bonus each executive can earn and the performance criteria required.

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EX-10.18 2 d81798ex10-18.txt CORPORATION BONUS PLAN FISCAL 2001 1 EXHIBIT 10.18 HORIZON HEALTH CORPORATION BONUS PLAN -- FISCAL 2001 James W. McAtee: Shall earn a bonus for fiscal 2001 from zero (0%) to one hundred (100%) of fiscal 2001 base salary pro-rata based upon the company's audited net income results. Ronald C. Drabik: Shall earn a bonus for fiscal 2001 from zero (0%) to forty (40%) of fiscal 2001 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. Linda Laitner: Up to fifty-five percent (55%) of average base salary for fiscal year 2001 based upon the achievement of operating cash flow targets consistent with fiscal 2001 budgets. David Tingue: Up to fifty percent (50%) of average base salary for fiscal year 2001 based upon the achievement of operating cash flow targets consistent with fiscal 2001 budgets. Frank Baumann: Up to sixty percent (60%) of average base salary for fiscal year 2001 based upon achieving a combination of operating cash flow targets and contract retention. Dave White: Up to sixty percent (60%) of average base salary for fiscal year 2001 based upon achieving a combination of operating cash flow targets and contract retention.