2005 Short Term Cash Incentive Plan for Executive Officers (Effective May 19, 2005)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2005 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, EBITDA, and strategic goals during 2005. The plan sets target bonus amounts as a percentage of each executive's base salary, with the President and CEO eligible for 50% and other named officers eligible for 35%. The plan is effective as of May 19, 2005.

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EX-10.3 4 a05-9947_1ex10d3.htm EX-10.3

Exhibit 10.3

 

2005 Short Term Cash Incentive Plan
(Effective May 19, 2005)

 

Subject to the achievement of certain revenue, EBITDA and strategic goals for 2005, 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

%

Mark E. Paiz
Chief Operating Officer

 

35

%

Paul E. Landers
Senior Vice President,
Finance & Administration,
Chief Financial Officer and Secretary

 

35

%

Thomas J. Foley
Chief Technology Officer

 

35

%