ScanSource, Inc. Executive Incentive Compensation Modification Agreement (Michael L. Baur, Fiscal 2014)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement between Michael L. Baur and ScanSource, Inc. modifies Baur's incentive compensation for fiscal year 2014. Baur voluntarily agrees to reduce his variable compensation, aligning it with the company's new executive bonus program. His target bonus is set at 150% of his base salary, with a maximum cap of 200%. All other terms of his original employment agreement remain unchanged. The agreement is acknowledged and accepted by ScanSource, Inc. on June 19, 2013.

View More
EX-10.19 2 scansourceex101963013q410k.htm EX-10.19 ScanSource Ex 10.19 6.30.13 Q4 10K

Exhibit 10.19



June 19, 2013


Michael Grainger, Chairman, Compensation Committee
ScanSource, Inc.
6 Logue Court
Greenville, South Carolina 29615

Dear Mike:

Pursuant to my Amended and Restated Employment Agreement (“Agreement”) dated June 6, 2011, as further amended effective July 1, 2012, I am eligible to receive incentive compensation from ScanSource, Inc. (“Company”) in accordance with certain performance goals as identified in Exhibit A to the Agreement.

In order to better align my incentive compensation with the new executive officer bonus program to be established by the Company, I hereby voluntarily agree to forego for fiscal 2014 a portion of any incentive compensation to which I may otherwise be entitled under the Agreement for a more limited variable compensation design with a target bonus opportunity equal to 150% of my base salary and subject to a cap of 200% of my base salary

By signing below, the Company acknowledges and accepts this offer of reduction of my variable compensation for fiscal year 2014. Except as modified herein, the Agreement remains in full force and effect in accordance with its terms.

Sincerely,

/s/ Michael L. Baur

Michael L. Baur


ACKNOWLEDGED AND ACCEPTED

ScanSource, Inc.


By: John J. Ellsworth        

Date:     6/19/13