2010 Bonus Plan Agreement for Alva J. Phillips and Todd A. Everett

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2010 bonus plan for Alva J. Phillips and Todd A. Everett. The plan sets specific revenue and EBITDA targets, with bonus payouts ranging from 50% to 140% based on the achievement of these financial goals. The payout percentages increase as higher revenue and EBITDA thresholds are met. The agreement details the exact financial targets and corresponding bonus levels for the year.

View More
EX-10.16.2 8 dex10162.htm 2010 BONUS PLAN FOR ALVA J. PHILLIPS AND TODD A. EVERETT 2010 Bonus Plan for Alva J. Phillips and Todd A. Everett
2010 Annual Exec Targets
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%)
Booked:  (20%)
$191.0M 
(110%)
$33.9M
(110%)
$182.3M
(105%)
$32.3M
(105%)
$173.6M
$30.8M
$156.2M 
(90%)
$27.7M
(90%)
$138.9M 
(80%)
$24.6M 
(80%)
Operating
EBITDA: (50%)
$10.7M
(110%)
$10.2M
(105%)
$9.8M
$8.7M (90%)
$7.8M
(80%)
Exhibit 10.16.2