2007 Executive Bonus Plan for TTM Technologies Senior Officers

Summary

This document outlines the 2007 bonus structure for TTM Technologies' senior executives, including the CEO, CFO, COO, EVP, and Senior VP of Marketing. Bonuses are based on a percentage of each executive's base salary and are tied to the company's achievement of operating income targets. Executives receive increasing bonus percentages as higher performance thresholds are met, with no bonus paid if less than 50% of the target is achieved. The plan specifies both target and maximum bonus levels for each executive.

EX-10.1 2 p73704exv10w1.htm EX-10.1 exv10w1

Exhibit 10.1


			Bonus Levels as % of Base Salary
	2007
	Base		50%			80%			100%			120%
Name and Title	Salary		of Target⁽¹⁾			of Target			of Target			of Target⁽²⁾

Kenton K. Alder CEO	$	520,000		10	%		35	%		70	%		149	%

Steven W. Richards CFO	$	270,000		10	%		27.5	%		55	%		116	%

Doug Soder EVP	$	330,000		10	%		27.5	%		55	%		116	%

Shane Whiteside COO	$	320,000		10	%		27.5	%		55	%		116	%

O. Clay Swain Sr. V.P. — Marketing	$	195,000		10	%		27.5	%		55	%		116	%


(1)		Represents percentage of 2007 base salary that executive will receive (assuming applicable individual performance goals are met and discretionary portion is paid in full) if TTM achieves 50% of the operating income target established by TTM’s Board. Bonuses will not be earned if operating income is less than 50% of the target.

(2)		Represents maximum potential bonus payout.