Summary of Performance Goals under the 2007 Senior Executive Bonus Plan (JMP Group Inc.)
JMP Group Inc. has set specific performance goals for its senior executive officers for the 2007 fiscal year. Executives will receive a bonus if the company achieves a compensation expense to revenue ratio of 60% or less and meets a set operating income target, both measured for the year ending December 31, 2007. Bonuses exclude certain equity-based compensation and will be paid in a lump sum after the fiscal year ends.
Exhibit 10.1
JMP GROUP INC.
SUMMARY OF PERFORMANCE GOALS UNDER THE 2007 SENIOR EXECUTIVE BONUS PLAN
The Compensation Committee of the Board of Directors of JMP Group Inc. (the “Company”) established the performance goals for the fiscal 2007 bonus for the following named executive officers:
| Joseph A. Jolson Carter D. Mack Craig R. Johnson Mark L. Lehmann Thomas B. Kilian |
Under the 2007 Senior Executive Bonus Plan, each of the named executive officers will receive a bonus payment upon (i) the achievement by the Company of a compensation expense to revenue ratio of sixty percent (60%) or less for the fiscal year ending December 31, 2007, and (ii) the achievement of a certain performance target with respect to operating income for the fiscal year ending December 31, 2007. The performance targets describe above exclude compensation expense attributable to equity-based compensation granted prior to and in connection with the Company’s initial public offering. Any bonus payments under the 2007 Senior Executive Bonus Plan will be paid in one lump sum payment shortly after the end of the 2007 fiscal year.
