2013 Corporate Goals for Strategic Leadership Team Approved by the Compensation Committee on April 29, 2013
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EX-10.1 2 exhibit101.htm EXHIBIT Exhibit 10.1
Exhibit 10.1
*** Text Omitted and Filed Separately
Confidential Treatment Requested
Under 17 CFR §§240.24b-2
2013 Corporate Goals for Strategic Leadership Team
Approved by the Compensation Committee on April 29, 2013
Revenue and Operating Income (50)%
Revenues for the Year - 20%
Interpolation will be used.
Total Revenue Growth Vs. Prior Year | Funding | *Corresponding Unit Growth Rate | |
≥ [***]% growth | 200% | [***] | |
≥ [***]% growth | 175% | [***] | |
≥ [***]% growth | 150% | [***] | |
≥ [***]% ([***]) | 125% | [***] | |
≥ [***]% growth | 100% | [***] | |
≥ [***]% growth | 75% | [***] | |
≥ [***]% growth | 50% | [***] | |
≥ [***]% growth | 25% | [***] | |
< [***]% growth | No Payout |
* reference only not calculated in the funding
Q4 Revenue Implications - 20%
Interpolation will be used.
• Q4 2013 growth over Q4 2012 - $13.6 million
Q4 Total Revenue Growth Vs. Prior Year | Funding | Q4 Revenues | |
≥ [***]% growth | 200% | [***] | |
≥ [***]% growth | 175% | [***] | |
≥ [***]% growth | 150% | [***] | |
≥ [***]% growth | 125% | [***] | |
≥ [***]% growth | 100% | [***] | |
≥ [***]% growth | 75% | [***] | |
< [***]% growth | No Payout |
Operating Income (millions) - 10%
Interpolation will be used.
Operating Income (Loss) [***] | Operating Loss +/- | Funding | |
([***]) | 60% | 200% | |
([***]) | 70% | 175% | |
([***]) | 80% | 150% | |
([***]) | 90% | 125% | |
([***]) target [***] | 100% | 100% | |
([***]) | 110% | 75% | |
([***]) | 120% | 50% | |
([***]) | 130% | 25% | |
([***]) | 140% | No Payout |
Managed Care (30%)
• 2 Commercial Plans (> [***] million lives in total) - 20%
○ +5% payout for each additional plan having > [***] million lives
○ e.g., 3 plans = 25% payout
• 8 Employer Conversions (> [***] lives each) - 5%
• 1 Major National Plan Win (or very high likelihood of coverage in the new year) - 5%
○ +5% if delivered by end of [***] (e.g., 10% payout)
○ +10% if delivered by end of [***] (e.g., 15% payout)
HDL-P (10%)
• FDA Clearance by the end of Q4
Compliance & Ethics (10%)
• 5% - meet the timely completion requirements of Sunshine Act
• 5% - no significant deficiency re: Adva Med Policy
[***] Certain confidential information in this document, marked by bracketed asterisks, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 promulgated under the Securities Exchange Act of 1934, as amended. Confidential treatment has been requested with respect to the omitted portions.