2010 Bonus Plan Agreement for Michael A. Desmarais with Newgistics, Inc.

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2010 bonus plan for Michael A. Desmarais at Newgistics, Inc. The plan sets specific revenue and EBITDA targets, with bonus payouts ranging from 50% to 140% of the target amount based on performance. The final bonus amount is subject to the CEO's recommendation and approval by the Compensation Committee, taking into account the executive's individual contributions.

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EX-10.16.1 7 dex10161.htm 2010 BONUS PLAN FOR MICHAEL A. DESMARAIS 2010 Bonus Plan for Michael A. Desmarais
2009 Newgistics, Inc. Company Confidential. All Rights Reserved.
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2010 LMI Annual Bonus Targets
Executive Annual Award Payout
Forward and 
Returns
Business
140%  Payout
On
Rev/EBITDA
120% Payout
On
Rev/EBITDA
Plan
100% Payout
On
Rev/EBITDA
75% Payout
On
Rev/EBITDA
50%Payout
On
Rev/EBITDA
Revenue:
Billed : (30%)
$10.3M 
(110%)
$9.8M  
(105%)
$9.3M
$8.9M   
(95%)
$8.4M   
(90%)
Operating
EBITDA: (70%)
$3.1M 
(110%)
$3.0M  
(105%)
$2.8M
$2.5M   
(90%)
$2.3M
(80%)
Individual’s payment is subject to a final recommendation by the CEO to the
Compensation Committee based upon CEO’s determination of the contribution made
by each executive.
Exhibit 10.16.1