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.