Spok Holdings, Inc. 2017-2019 Long Term Incentive Plan Performance Goals and Participant List
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Summary
This document outlines the performance goals and payout structure for Spok Holdings, Inc.'s 2017-2019 Long Term Incentive Plan (LTIP). It details how payouts are determined based on company performance in wireless revenue, operations bookings, and operating and capital expenses. The plan covers executives and key employees, including the CEO, President, CFO, and other senior leaders. Payouts depend on achieving specific financial targets over the three-year period. Some confidential financial details have been redacted from the document.
EX-10.15 4 ltip2017redacted-ex1015.htm EXHIBIT 10.15 Exhibit 
Exhibit 10.15
Exhibit E
Performance Goals
2017-2019 Performance Period
Spok 2017 Long Term Incentive Plan (LTIP) Payout Scale
Based on LRP_16 V3.0
Wireless Revenue (20%) | Operations Bookings (50%) | |||||||
($ in millions) | ($ in millions) | |||||||
Result | Performance | Payout | Result | Performance | Payout | |||
$****** | ***% | ***% | $****** | ***% | ***% | |||
Over | $****** | ***% | ***% | Over | $****** | ***% | ***% | |
Perform | $****** | ***% | ***% | Perform | $****** | ***% | ***% | |
$****** | ***% | ***% | $****** | ***% | ***% | |||
Target | $****** | ***% | ***% | Target | $****** | ***% | ***% | |
$****** | ***% | ***% | $****** | ***% | ***% | |||
Under | $****** | ***% | ***% | Under | $****** | ***% | ***% | |
Perform | $****** | ***% | ***% | Perform | $****** | ***% | ***% | |
$****** | ***% | ***% | $****** | ***% | ***% | |||
<$****** | <***% | ***% | <$****** | <***% | ***% | |||
Operating and Capital Expenses (30%)(1) | ||||||||
($ in millions) | ||||||||
Result | Performance | Payout | ||||||
$****** | ***% | ***% | ||||||
Over | $****** | ***% | ***% | |||||
Perform | $****** | ***% | ***% | |||||
$****** | ***% | ***% | ||||||
Target | $****** | ***% | ***% | |||||
$****** | ***% | ***% | ||||||
Under | $****** | ***% | ***% | |||||
Perform | $****** | ***% | ***% | |||||
$****** | ***% | ***% | ||||||
>$****** | >***% | ***% | ||||||
(1) ****
**** Means that certain confidential information has been deleted from this document and filed separately with the Securities and Exchange Commission.
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Exhibit F
List of Spok Holdings, Inc., Participants (as of January 1, 2017)
2017-2019 Performance Period
Name, | Title |
Corporate Employee | |
Executives | |
Kelly, Vince | CEO* |
Goel, Hemant | President |
Endsley, Shawn | CFO |
Saine, Tom | CIO |
************ | ************ |
Culp, Bonnie | EVP, H.R. & CCO |
************ | ************ |
Vice Presidents | |
************ | ************ |
************ | ************ |
************ | ************ |
************ | ************ |
************ | ************ |
************ | ************ |
************ | ************ |
************ | ************ |
************ | ************ |
************ | ************ |
************ | ************ |
************ | ************ |
************ | ************ |
************ | ************ |
************ | ************ |
************ | ************ |
************ | ************ |
*The Chief Executive Officer participates in the Plan pursuant to his employment agreement.
**** Means that certain confidential information has been deleted from this document and filed separately with the Securities and Exchange Commission.
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