FY20 Executive Committee Incentive Plan Design and Metrics
This document outlines the FY20 incentive plan for the Executive Committee, specifying that awards are based 80% on revenue and 20% on adjusted EBITDA. Awards are calculated proportionally to performance, with each metric capped at 200% per quarter, but total quarterly payouts are limited to 100%, with any excess reconciled at year-end. If annual targets are met, any underpaid quarters are adjusted in the fourth quarter. Financial targets for FY20 will be set by mid-April 2019, based on the approved budget and adjusted for actual results and currency exchange.
Metrics & Weighting 80% Revenue / 20% Adjusted EBITDA Awards are interpolated between achievement percents (e.g., 100.2% achievement results in award of 102%). Each metric is capped at 200% of award quarterly; overall quarterly award payments are capped at 100% with any overachievement earned to be reconciled at year end. If the full year metric target is achieved, then any quarters that were paid at less than 100% will be paid out at target for that missed quarter and included in the Q4 award. FY20 financial targets to be set by mid-April 2019, based on approved budget but adjusted for actual results and currency exchange. FY20 ExCo Incentive Plan Design Maintain FY19 payout scale with updated FY20 financial objectives Exhibit 10.1
