Penn Virginia Corporation Executive Officer Cash Bonus and Equity Incentive Percentages Exhibit

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the cash bonus and equity incentive percentages for executive officers and other employees of Penn Virginia Corporation. It specifies the percentage of base salary eligible for cash bonuses and equity incentives for roles such as CEO, COO, CAO/GC, CFO, and VPs-Regional Managers. The CEO determines target percentages for other employees each year, with adjustments possible for promotions or demotions. The plan is reviewed annually before March 1st.

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EX-10.2 3 d303689dex102.htm REVISED EXHIBIT A TO PENN VIRGINIA CORPORATION Revised Exhibit A to Penn Virginia Corporation

Exhibit 10.2

EXHIBIT A

CASH BONUS PERCENTAGES

Executive Officers

 

     Percent of Base Salary  

Officer

    Threshold    Target      Stretch  

CEO

    0 - 50      100         200   

COO

    0 - 50      100         200   

CAO/GC

    0 - 40      80         160   

CFO

    0 - 40      80         160   

VPs-Regional Managers

    0 - 40      80         160   

Other Employees

Prior to March 1st of each Plan Year, the CEO shall approve and advise the Committee of the Target Cash Bonus Percentages for each Participant other than the Executive Officers. Such percentages shall be subject to increase or decrease in the event of a promotion or demotion.

EQUITY INCENTIVE PERCENTAGES

Executive Officers

 

Officer

    Target
Percent of
Base Salary

CEO

    300 – 400

COO

    250 – 350

CAO/GC

    200 – 300

CFO

    200 – 300

VPs-Regional Managers

    150 – 300

Other Employees

Prior to March 1st of each Plan Year, the CEO shall approve and advise the Committee of the Target Equity Incentive Percentages for each Participant other than the Executive Officers. Such percentages shall be subject to increase or decrease in the event of a promotion or demotion.