2010 Bonus Plan Agreement for William J. Razzouk and Michael J. Twomey

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2010 bonus plan for William J. Razzouk and Michael J. Twomey, specifying performance targets and corresponding bonus payouts based on revenue and EBITDA results. The plan details various payout percentages tied to specific revenue and EBITDA milestones, with higher payouts for exceeding targets. The agreement sets clear financial goals and links executive bonuses to the achievement of these targets within the 2010 fiscal year.

Read More Arrow
EX-10.16 6 dex1016.htm 2010 BONUS PLAN FOR WILLIAM J. RAZZOUK AND MICHAEL J. TWOMEY 2010 Bonus Plan for William J. Razzouk and Michael J. Twomey
2010 Annual CEO & CFO Targets
Consolidated
Business
150%  Payout
On
Rev/EBITDA
130% Payout
On
Rev/EBITDA
Plan
100% Payout
On
Rev/EBITDA
80% Payout
On
Rev/EBITDA
60%Payout
On
Rev/EBITDA
Revenue:
Billed : (30%)
Booked:  (20%)
$201.2M 
(110%)
$33.9M
(110%)
$192.1M
(105%)
$32.3M
(105%)
$182.9M
$30.8M
$164.6M 
(90%)
$27.7M
(90%)
$146.3M 
(80%)
$24.6M 
(80%)
Operating
EBITDA: (50%)
$13.8M
(110%)
$13.2M
(105%)
$12.6M
$11.3M (90%)
$10.1M
(80%)
Exhibit 10.16