Rollins, Inc. 2018 Performance-Based Incentive Cash Compensation Plan for Executive Officers

Summary

Rollins, Inc. has established a cash incentive plan for its executive officers, allowing them to earn annual bonuses based on the achievement of specific performance goals. The plan, overseen by the Compensation Committee, sets a maximum bonus of 115% of base salary or $1,150,000 per year, whichever is less. Bonuses are awarded based on meeting targets related to revenue, pre-tax profit, and key operating initiatives. The plan is effective until April 24, 2023, unless amended or terminated earlier by the committee.

EX-10.A 2 exhibit10a.htm EXHIBIT 10.A Exhibit

Exhibit 10(a)

WRITTEN DESCRIPTION OF

ROLLINS, INC.

PERFORMANCE-BASED

INCENTIVE CASH COMPENSATION PLAN

FOR EXECUTIVE OFFICERS

The material terms of the Rollins, Inc. The Performance-Based Incentive Cash Compensation Plan for Executive Officers (the “2018 Cash Incentive Plan”), which is not evidenced by any written document, are summarized below.

All of the executive officers of Rollins, Inc. (“Rollins”) are eligible to participate in the 2018 Cash Incentive Plan, at the discretion of Rollins’ Compensation Committee. Bonus awards under the plan provide participants an opportunity to earn an annual bonus in a maximum amount agreed to the lesser of (a) 115% of base salary or (b) $1,150,000 per individual per year.

Whether a bonus is payable, and the amount of any bonus payable, is contingent upon achievement of certain performance goals, which are measured according to one or more of the following three targeted financial measures: revenue to plan, pre-tax profit plan achievement, and key operating initiatives. Unless sooner amended or terminated by the Compensation Committee, this plan is intended to be in place until April 24, 2023.