NTN Buzztime, Inc. 2014 Incentive Bonus Plan for Chief Operations Officer

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2014 incentive bonus plan for the Chief Operations Officer of NTN Buzztime, Inc. The executive can earn bonuses based on the company meeting specific revenue, operational cost, consumer engagement, and cost reduction goals, as determined and approved by the Board of Directors or its Compensation Committee. The total potential bonus is $112,500, with each component tied to measurable company performance criteria set by the Board or Committee.

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EX-10.3 4 ntn_10q-ex1003.htm 2014 INCENTIVE BONUS PLAN

Exhibit 10.3

 

NTN BUZZTIME, INC.

2014 INCENTIVE BONUS

CHIEF OPERATIONS OFFICER (“EXECUTIVE”)

 

The amount of the Executive’s incentive bonus for the 2014 calendar year shall be earned by the Executive as follows:

 

·A bonus up to $28,125 if NTN Buzztime, Inc. (the “Company”), achieves certain revenue goals that are determined and approved by the Board of Directors of the Company (the “Board”).

 

·A bonus up to $28,125 if operational cost budgets that are determined ad approved by the Board are met.

 

·A bonus up to $45,000 if the Company is able to significantly improve consumer engagement. Criteria will be established by the Nominating and Corporate Governance/Compensation Committee (the “Committee”) of the Board.

 

·A bonus up to $11,250 if the Company achieves certain cost reduction goals related to the delivery of its product and platform as determined and approved by the Committee.