2009 Short-Term Incentive Plan for John H. Heyman (CEO)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2009 Short-Term Incentive Plan for John H. Heyman, CEO, covering the period from January 1 to December 31, 2009. The plan, managed by the Board of Directors, provides an incentive opportunity equal to 100% of Mr. Heyman's base salary, based on the company's annual operating income. Payouts are determined by achieving specific financial goals, with 67% paid at the budget level and the remaining 33% paid proportionally for performance between budget and target. Certain financial details are confidential.

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EX-10.1 2 dex101.htm 2009 SHORT-TERM INCENTIVE PLAN OF JOHN H. HEYMAN 2009 Short-Term Incentive Plan of John H. Heyman

Exhibit 10.1

2009 Short-Term Incentive Plan of John H. Heyman

2009 STI Goals

 

Name: John Heyman    Job Title: CEO
Effective Dates of Plan: 1/1/09 – 12/31/09    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.