Chief Executive Officer FY 2007 Compensation Incentive Agreement

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the performance goals for the Chief Executive Officer for fiscal year 2007. The CEO is expected to improve company safety metrics, strengthen the executive leadership team, drive operational performance to meet budget targets, and establish core business processes including succession planning and strategic planning. Achievement of these goals will determine the CEO's eligibility for incentive compensation.

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EX-10.1 2 d70166_ex10-1.htm COMPENSATION INCENTIVE

Exhibit 10.1

CHIEF EXECUTIVE OFFICER
FY 2007 GOALS
I. IMPROVE SAFETY PERFORMANCE

1 Improve IES safety performance as measured by reductions in key safety metrics

2. STRENGTHEN LEADERSHIP TEAM

1 Focus on building and strengthening leadership capabilities of executive management team

2. Launch a leadership development program.

3. DRIVE OPERATIONAL PERFORMANCE IMPROVEMENT

1. Achieve the FY 2007 Operating Budget for income and cash flow

2. Track margin improvement and cost reduction impact of Transformation Program in FY 2007 incremental to operating budget.

4. ESTABLISH CORE BUSINESS PROCESSES

1. Assess current organizational capabilities and organizational developmental needs; establish succession plan

2. Complete 3 year Strategic Plan

3 Complete operating plan for FY 2008