2010 Short-Term Incentive Plan Agreement for Mark E. Haidet, CFO

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2010 Short-Term Incentive Plan for Mark E. Haidet, Chief Financial Officer, effective from January 1 to December 31, 2010. Under the plan, Mr. Haidet is eligible to receive a bonus of up to 70% of his base salary, based on achieving specific company operating income goals and operational objectives set by the CEO. The bonus is paid annually, with 67% tied to meeting the operating income budget and 33% to other objectives. Payment is contingent on the company meeting its operating income targets.

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EX-10.3 4 dex103.htm 2010 SHORT-TERM INCENTIVE PLAN OF MARK E. HAIDET 2010 Short-Term Incentive Plan of Mark E. Haidet

Exhibit 10.3

Short-Term Incentive Plan of Mark E. Haidet

2010 STI Goals

 

Name: Mark Haidet    Job Title: CFO
Effective Dates of Plan: 1/1/10 – 12/31/10    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 Operating Income –

67% paid at Budget

   67%      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]*

     
Operational objectives as determined by the CEO. This portion of bonus is only paid out if the Operating Income budget is achieved.   33%      Annual               

 

* Filed under an application for confidential treatment.