RoomStore Executive Incentive Plan FYE 2/2011
EX-10.8 2 dex108.htm EXHIBIT 10.8 Exhibit 10.8
Exhibit 10.8
RoomStore Executive Incentive Plan FYE 2/2011
Consolidated RoomStore Holdings EBITDA
| Name | Position | as % of Plan==> | 90% plan | 95% of plan | PLAN | 105% | 110% | 115% | 120% | |||||||||||||||||||||||||||
| Curtis Kimbrell | CEO | $ | 150,000 | $ | 225,000 | $ | 300,000 | $ | 375,000 | $ | 450,000 | $ | 525,000 | $ | 600,000 | Performance above 120% of plan will continue to pay but can taper off if earnings in this category tend to be windfall situations or are not as difficult to attain once a high performance level is reached. | ||||||||||||||||||||
| Ned Crosby | CMO | $ | 61,000 | $ | 91,500 | $ | 122,000 | $ | 152,500 | $ | 183,000 | $ | 213,500 | $ | 244,000 | |||||||||||||||||||||
| Lewis Brubaker | CFO | $ | 40,000 | $ | 60,000 | $ | 80,000 | $ | 100,000 | $ | 120,000 | $ | 140,000 | $ | 160,000 | |||||||||||||||||||||
| John Hamilton | SVP | $ | 40,000 | $ | 60,000 | $ | 80,000 | $ | 100,000 | $ | 120,000 | $ | 140,000 | $ | 160,000 | |||||||||||||||||||||
| * incentive amounts prorated between tiers | ||||||||||||||||||||||||||||||||||||
