Departure of Directors or Certain Officers; Election of Directors.; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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.