RoomStore, Inc EXECUTIVE INCENTIVE PLAN (FISCAL 2008-2009) PLAN
EX-10.8 14 dex108.htm EXHIBIT 10.8 Exhibit 10.8
Exhibit 10.8
RoomStore, Inc EXECUTIVE INCENTIVE PLAN (FISCAL 2008-2009)
PLAN
CONSOLIDATED FYE 09 EBITDA | 80% | 85% | 90% | 95% | greater than 11,200, 050 | |||||||||||||||
6,400,000 | 6,800,000 | 7,200,00 | 7,600,000 | 8,000,036 | 8,800,040 | 9,600,043 | 10,400,047 | 11,200,050 | ||||||||||||
Curtis Kimbrell | 120,000 | 150,000 | 180,000 | 240,000 | 300,000 | 318,400 | 336,800 | 355,200 | 376,800 | > 140% of plan. Bonuses increase proportonial to each $800,000 as the prior increments. Example: at $11,600,000 Brubaker would earn an additonal $3,000, and at $12,000,000 would earn total bonus of $106,000 or $6,000 greater than last bonus listed. Nunnally would earn $52,500 or $1500 more and $57,000 respectively | ||||||||||
Ned Crosby | 48,800 | 61,000 | 73,200 | 97,356 | 122,000 | 130,000 | 137,000 | 145,000 | 153,500 | |||||||||||
Lewis Brubaker | 32,000 | 40,000 | 48,000 | 63,840 | 80,000 | 85,000 | 89,000 | 94,000 | 100,000 | |||||||||||
Todd Edwards | 32,000 | 40,000 | 48,000 | 63,840 | 80,000 | 85,000 | 89,000 | 94,000 | 100,000 | |||||||||||
Brian Bertonneau | 32,000 | 40,000 | 48,000 | 63,840 | 80,000 | 85,000 | 89,000 | 94,000 | 100,000 | |||||||||||
John Hamilton | 32,000 | 40,000 | 48,000 | 63,840 | 80,000 | 85,000 | 89,000 | 94,000 | 100,000 | |||||||||||
Kevin Whitehouse | 16,800 | 21,000 | 25,200 | 33,516 | 43,000 | 45,000 | 48,000 | 51,000 | 54,000 | |||||||||||
Sandy Nunnally | 16,800 | 21,000 | 25,200 | 33,516 | 43,000 | 45,000 | 48,000 | 51,000 | 54,000 | |||||||||||
Scott Harris | 16,800 | 21,000 | 25,200 | 33,516 | 43,000 | 45,000 | 48,000 | 51,000 | 54,000 | |||||||||||
Jeremy Satterfield | 16,800 | 21,000 | 25,200 | 33,516 | 43,000 | 45,000 | 48,000 | 51,000 | 54,000 | |||||||||||
Mike Smith | 16,800 | 21,000 | 25,200 | 33,516 | 43,000 | 45,000 | 48,000 | 51,000 | 54,000 | |||||||||||
Robert Kimbrell | 16,800 | 21,000 | 25,200 | 33,516 | 43,000 | 45,000 | 48,000 | 51,000 | 54,000 |
EBITDA PLAN is the bottom line GAAP less approved exclusions if any. Bonus amounts are prorata.
0809BUDGET/NONSTORE/EXEINCPLAN