2006 Short-Term Cash Incentive Plan for Executive Officers
This agreement outlines the 2006 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 2006. The plan lists the target bonus as a percentage of base salary for each executive, including the President and CEO, COO, CFO, CTO, and General Counsel. The actual payout depends on meeting the specified performance criteria within the year.
Exhibit 10.2
2006 Short-Term Cash Incentive Plan
Subject to the achievement of certain revenue, EBITDA and strategic goals for 2006, 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 |
| 50% |
|
| Mark E. Paiz |
| 40% |
|
| Paul E. Landers |
| 40% |
|
| Thomas J. Foley |
| 40% |
|
| Robert J. Bujarski |
| 30% |
|
