2008 Short-Term Cash Incentive Program for Executive Officers
This agreement outlines the 2008 Short-Term Cash Incentive Program for the company's executive officers. It specifies that, based on achieving certain revenue and EBITDA goals for the fiscal year ending December 31, 2008, each executive officer is eligible for a target cash bonus as a percentage of their base salary. The percentages vary by position, with the President and CEO eligible for 50% and other named officers eligible for 40%.
Exhibit 10.2
2008 Short-Term Cash Incentive Program
Subject to the achievement of certain revenue and EBITDA goals for the fiscal year ending December 31, 2008, the following sets forth the target cash bonus awards for each of the Company’s executive officers.
| Executive Officer |
| Target as a Percentage of Base Salary |
|
| Caren L. Mason |
|
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| President and Chief Executive Officer |
| 50% |
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|
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| Thomas J. Foley |
|
|
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| Chief Technology Officer |
| 40% |
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| Scot M. McLeod |
|
|
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| Senior Vice President, Operations |
| 40% |
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|
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| John M. Radak |
|
|
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| Chief Financial Officer |
| 40% |
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| Richard Tarbox, III |
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| Senior Vice President, Corporate |
|
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| Development Officer |
| 40% |
|
