2007 Short-Term Cash Incentive Plan for Executive Officers
This agreement outlines the 2007 Short-Term Cash Incentive Plan for the company's executive officers. It specifies that cash bonuses will be awarded based on the achievement of certain revenue and EBITDA goals for the fiscal year ending December 31, 2007. The plan lists the target bonus as a percentage of base salary for each executive, including the President and CEO, CFO, COO, CTO, and Senior Vice President. The bonuses range from 40% to 50% of base salary, depending on the executive's position.
Exhibit 10.3
2007 Short-Term Cash Incentive Plan
Subject to the achievement of certain revenue and EBITDA goals for the fiscal year ending December 31, 2007, the following sets forth the target cash bonus awards for each of the Company’s executive officers.
| Executive Officer |
| Target Payout as a Percentage of Base Salary |
| Caren L. Mason |
|
|
| President and Chief Executive Officer |
| 50% |
| John M. Radak |
|
|
| Chief Financial Officer |
| 40% |
| Mark E. Paiz |
|
|
| Chief Operating Officer |
| 40% |
| Thomas J. Foley |
|
|
| Chief Technology Officer |
| 40% |
| Robert J. Bujarski |
|
|
| Senior Vice President, General Counsel & Corporate Secretary |
| 40% |
