2007 Executive Officer Equity Plan Performance-Based Restricted Stock Agreement
This agreement outlines the terms under which certain executive officers of the company will receive shares of performance-based restricted stock. The restrictions on these shares will be lifted if specific revenue and EBITDA targets are met over a three-year period ending December 31, 2009. The agreement lists the number of shares allocated to each executive, including the President and CEO, CFO, COO, CTO, and Senior Vice President. The plan incentivizes executives to achieve the company's financial goals within the specified timeframe.
Exhibit 10.1
2007 Executive Officer Equity Plan
Subject to the achievement of certain three-year revenue and EBITDA goals for the three-year period, ending December 31, 2009, the restrictions covering all or a portion of the following shares of performance-based restricted stock will lapse.
| Executive Officer |
| Shares of Performance-Based |
| Caren L. Mason |
|
|
| President and Chief Executive Officer |
| 91,853 |
| John M. Radak |
|
|
| Chief Financial Officer |
| 31,403 |
| Mark E. Paiz |
|
|
| Chief Operating Officer |
| 38,817 |
| Thomas J. Foley |
|
|
| Chief Technology Officer |
| 31,257 |
| Robert J. Bujarski Senior |
|
|
| Vice President, General Counsel & Corporate Secretary |
| 30,842 |
