KB Home Unit Performance Program Performance Measure Weighting Determination

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines how the Management Development and Compensation Committee of KB Home assigns weightings to performance measures for its Unit Performance Program. The two key measures are return on investment (ROI) and earnings per share (EPS). For employees at corporate headquarters, awards are based 75% on ROI and 25% on EPS. For employees at divisions or subsidiaries, awards are split evenly, 50% ROI and 50% EPS. These weightings determine how performance-based awards are calculated under the program.

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EX-10.1 2 v13309exv10w1.htm EXHIBIT 10.1 exv10w1  

Exhibit 10.1
KB HOME UNIT PERFORMANCE PROGRAM
PERFORMANCE MEASURE WEIGHTING
     Pursuant to the terms of the KB Home Unit Performance Program (the “Program”), the Management Development and Compensation Committee, in its sole discretion, designates from time to time the relative weighting ascribed to each “Performance Measure” for the purpose of determining award payouts which may be earned under the Program. The Performance Measures under the Program are return on investment (“ROI”) and earnings per share (“EPS”), each as calculated pursuant to the terms of the Program. The Management Development and Compensation Committee has determined that for purposes of determining all award payouts, the relative weighting of each Performance Measure is as follows:
                 
Corporate-based Participants
   75% ROI   25% EPS
(those who principally work at corporate headquarters)
                
 
Division-based Participants
   50% ROI   50% EPS
(those who principally work at a division or subsidiary)
                

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