Rollins, Inc. Performance-Based Incentive Cash Compensation Plan Description
This document outlines the key terms of Rollins, Inc.'s Performance-Based Incentive Cash Compensation Plan for executive officers. Participation is determined by the company's Compensation Committee. Eligible executives can earn an annual bonus of up to 100% of their base salary or $2 million, whichever is less, based on achieving specific financial performance goals such as revenue growth and profit targets. The plan remains effective until April 24, 2018, unless amended or terminated earlier by the committee.
Exhibit 10(a)
WRITTEN DESCRIPTION OF
ROLLINS, INC.
PERFORMANCE-BASED
INCENTIVE CASH COMPENSATION PLAN
The material terms of the Rollins, Inc. Performance-Based Incentive Cash Compensation Plan (the “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 Plan, at the discretion of Rollin’s Compensation Committee. Bonus awards under the plan provide participants an opportunity to earn an annual bonus in a maximum amount of 100% of base salary or $2 million per individual per year, whichever is less.
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 growth, pretax profit plan achievement, and pretax profit improvement over the prior year. Unless sooner amended or terminated by the Compensation Committee, the plan will be in place until April 24, 2018.
