2009 Short-Term Incentive Plan Agreement for Mark E. Haidet, CFO

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2009 Short-Term Incentive Plan for Mark E. Haidet, Chief Financial Officer, effective from January 1 to December 31, 2009. The plan, managed by John Heyman, sets performance-based bonus targets up to 70% of Mr. Haidet's base salary. Bonuses are tied to company operating income and central G&A expenses as a percentage of revenue, with specific payout conditions and targets. Payment depends on achieving certain financial goals, as determined by the CEO, and is subject to annual review.

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EX-10.3 4 dex103.htm 2009 SHORT-TERM INCENTIVE PLAN OF MARK E. HAIDET 2009 Short-Term Incentive Plan of Mark E. Haidet

Exhibit 10.3

2009 Short-Term Incentive Plan of Mark E. Haidet

2009 STI Goals

 

Name: Mark Haidet    Job Title: CFO
Effective Dates of Plan: 1/1/09 – 12/31/09    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 = N/A

   

Central G&A expenses as a % of revenue & other operational objectives as determined by the CEO. This portion of bonus is only paid out if the Operating Income budget is achieved.

    33 %   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]*

    The Central G&A goal has Budget & Target level goals. 50% is paid at Budget & 50% is paid linearly between Budget & Target.

 

* Filed under an application for confidential treatment.