Joel Borovay Incentive Compensation Agreement with Insight North America (2002)
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Summary
This agreement outlines that, effective November 2002, Joel Borovay became Chief Operating Officer of Insight North America and, starting in the first quarter of 2003, is eligible for an incentive bonus. The bonus is 0.50% of the company's net earnings, provided those earnings exceed certain minimum thresholds. For the quarter ending March 31, 2003, the company met these requirements, making Mr. Borovay eligible for the bonus.
EX-10.1 3 p67845exv10w1.txt EX-10.1 Exhibit 10.1 Joel Borovay. Effective November 2002, Mr. Borovay began serving as the Chief Operating Officer of Insight North America and, in the first quarter of 2003, became eligible for incentive compensation, in place of previous arrangements regarding incentive compensation, for an incentive bonus of 0.50% of our net earnings provided that our net earnings exceed stated minimum amounts. Our net earnings exceeded the minimum amounts for the quarter ended March 31, 2003.
