2010 Short-Term Incentive Plan Agreement for Carlyle Taylor, President of Radiant Computer Products
This agreement outlines the 2010 Short-Term Incentive Plan for Carlyle Taylor, President of Radiant Computer Products. The plan, effective from January 1 to December 31, 2010, provides an incentive of up to 85% of Taylor's base salary. The bonus is based on achieving company operating income targets (80% weight) and hardware, field services, and installations gross profit targets (20% weight), with the latter only payable if the operating income goal is met. The plan is managed by John Heyman and applies to the Radiant Computer Products business unit.
Exhibit 10.5
Short-Term Incentive Plan of Carlyle Taylor
2010 STI Goals
Name: Carlyle Taylor | Job Title: President Radiant Computer Products | |
Effective Dates of Plan: 1/1/10 12/31/10 | Business Unit: Radiant Computer Products | |
STI Potential: 85% of Base Salary | Manager: John Heyman |
Goals:
Goal Description | Weight | Payout | Budget (show qtrly if applicable) | Target (show qtrly if applicable) | Comments | |||||
Company Operating Income 80% paid at Budget | 80% | 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]* | ||||||
Hardware + Field Services + Installations GP 20% paid at Budget. This portion of bonus is only paid out if the Operating Income budget is achieved. | 20% | 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.