2011 Short-Term Incentive Plan for Mark E. Haidet (CFO)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2011 Short-Term Incentive Plan for Mark E. Haidet, the Chief Financial Officer, effective from January 1 to December 31, 2011. Under the plan, Mr. Haidet is eligible to receive a bonus of up to 70% of his base salary, based on achieving specific company performance goals, primarily related to adjusted operating income. The payout is annual and contingent on meeting targets set by the CEO. The plan is managed by John Heyman and applies to the Corporate Services business unit.

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EX-10.3 4 dex103.htm 2011 SHORT-TERM INCENTIVE PLAN OF MARK E. HAIDET 2011 Short-Term Incentive Plan of Mark E. Haidet

Exhibit 10.3

Short-Term Incentive Plan of Mark E. Haidet

2011 STI Goals

 

Name: Mark Haidet    Job Title: CFO
Effective Dates of Plan: 1/1/11 – 12/31/11    Business Unit: Corporate Services
STI Potential: 70% of Base Salary    Manager: John Heyman

Goals:

 

Goal Description

   Weight     Payout
Timing		     

Budget

(show qtrly if
applicable)

   

Target

(show qtrly if
applicable)

    Comments

Company Adjusted Operating Income –

67% paid at Budget

     67 %      Annual       Q1 = N/A    Q1 = N/A   
       Q2 = N/A    Q2 = N/A   
       Q3 = N/A    Q3 = N/A   
       Q4 = N/A    Q4 = N/A   
       Annual = [xxxxxx]*    Annual = [xxxxxx]*   
Operational objectives as determined by the CEO. This portion of bonus is only paid out if the Adjusted Operating Income budget is achieved.     33 %      Annual            

 

 

* Filed under an application for confidential treatment.