The MENTOR Network Executive Leadership Incentive Plan for Fiscal Year Ended September 30, 2007
This agreement outlines The MENTOR Network's Executive Leadership Incentive Plan for the fiscal year ending September 30, 2007. It specifies that executive officers are eligible for incentive compensation based on performance, with payouts set at 25% of base salary for threshold performance, 50% for target performance, and 75% for maximum performance. The plan's terms are largely unchanged from the previous year, except for the updated payout percentages.
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Exhibit 10.11
The MENTOR Network Executive Leadership Incentive Plan
for Fiscal Year Ended September 30, 2007
Summary of Material Terms
The MENTOR Network Executive Leadership Incentive Plan for fiscal 2007 was substantially the same as the fiscal 2006 plan, except that the incentive compensation payout opportunity for the executive officers was 25 percent of base salary at the threshold performance level, 50 percent at target level and 75 percent at the maximum level.
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- Exhibit 10.11