Short-Term Incentive Plan Agreement for John H. Heyman (2010)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2010 Short-Term Incentive Plan for John H. Heyman, CEO, covering the period from January 1 to December 31, 2010. The plan, managed by the Board of Directors, provides for a potential incentive equal to 100% of Mr. Heyman's base salary, based on the company's annual operating income. Payouts are structured with 67% awarded at the budget level and 33% paid linearly between budget and target, subject to confidential financial targets.

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EX-10.1 2 dex101.htm SHORT-TERM INCENTIVE PLAN OF JOHN H. HEYMAN Short-Term Incentive Plan of John H. Heyman

Exhibit 10.1

Short-Term Incentive Plan of John H. Heyman

2010 STI Goals

 

Name: John Heyman    Job Title: CEO
Effective Dates of Plan: 1/1/10 – 12/31/10    Business Unit: Entire company
STI Potential: 100% of Base Salary    Manager: Board of Directors

Goals:

 

Goal Description

   

Weight

   

Payout
Timing

     

Budget

(show qtrly if applicable)

     

Target

(show qtrly if applicable)

    Comments

Company Operating Income – 67%

paid at Budget &

33% paid linearly between

Budget & Target

    100%    Annual     

Q1 = N/A

Q2 = N/A

Q3 = N/A

Q4 = N/A

Annual = [xxxxxx]*

     

Q1 = N/A

Q2 = N/A

Q3 = N/A

Q4 = N/A

Annual = [xxxxxx]*

   

 

* Filed under an application for confidential treatment.