FY 2012 Management Bonus Payout Plan for Named Executives
Contract Categories:
Human Resources
›
Bonus & Incentive Agreements
Summary
This agreement outlines the bonus payout structure for management team members for fiscal year 2012. The plan specifies the percentage of compensation each executive may receive as a bonus, based on performance bands tied to sales, operating profit, and business milestones. Actual payouts vary depending on whether minimum, target, or maximum performance levels are achieved. The agreement also details how sales and operating profit are calculated for bonus purposes. The parties involved are the company and the listed executives.
EX-10.1 2 ex10_1.htm EXHIBIT 10.1 ex10_1.htm
Exhibit 10.1
Bonus Payout for Management
FY 2012 Plan
| Performance Band | Payout % of Compensation | Payout components % of Compensation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| % of Target | Total | Payout Ratio, percent | Sales | Operating Profit** | Business Milestones | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Min | Max | Min | Target | Max | Sales* | Operating Profit** | Business Milestone | Min | Target | Max | Min | Target | Max | Min | Target | Max | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| David Kaysen | 90 | % | 110 | % | 30.00 | % | 60.00 | % | 80.00 | % | 60 | 20 | 20 | 18.00 | % | 36.00 | % | 48.00 | % | 6.00 | % | 12.00 | % | 16.00 | % | 6.00 | % | 12.00 | % | 16.00 | % | |||||||||||||||||||||||||||||||||||||
| Mahedi Jiwani | 90 | % | 110 | % | 25.00 | % | 50.00 | % | 60.00 | % | 45 | 25 | 30 | 11.25 | % | 22.50 | % | 27.00 | % | 6.25 | % | 12.50 | % | 15.00 | % | 7.50 | % | 15.00 | % | 18.00 | % | |||||||||||||||||||||||||||||||||||||
| Susan Holman | 90 | % | 110 | % | 20.00 | % | 30.00 | % | 50.00 | % | 45 | 25 | 30 | 9.00 | % | 13.50 | % | 22.50 | % | 5.00 | % | 7.50 | % | 12.50 | % | 6.00 | % | 9.00 | % | 15.00 | % | |||||||||||||||||||||||||||||||||||||
| Marc Herregraven | 90 | % | 110 | % | 20.00 | % | 30.00 | % | 50.00 | % | 45 | 25 | 30 | 9.00 | % | 13.50 | % | 22.50 | % | 5.00 | % | 7.50 | % | 12.50 | % | 6.00 | % | 9.00 | % | 15.00 | % | |||||||||||||||||||||||||||||||||||||
| Larry Heinemann | 90 | % | 110 | % | 20.00 | % | 30.00 | % | 50.00 | % | 60 | 20 | 20 | 12.00 | % | 18.00 | % | 30.00 | % | 4.00 | % | 6.00 | % | 10.00 | % | 4.00 | % | 6.00 | % | 10.00 | % | |||||||||||||||||||||||||||||||||||||
| Arie Koole | 90 | % | 110 | % | 20.00 | % | 30.00 | % | 50.00 | % | 45 | 25 | 30 | 9.00 | % | 13.50 | % | 22.50 | % | 5.00 | % | 7.50 | % | 12.50 | % | 6.00 | % | 9.00 | % | 15.00 | % | |||||||||||||||||||||||||||||||||||||
| Nancy Kolb | 90 | % | 110 | % | 20.00 | % | 30.00 | % | 50.00 | % | 45 | 25 | 30 | 9.00 | % | 13.50 | % | 22.50 | % | 5.00 | % | 7.50 | % | 12.50 | % | 6.00 | % | 9.00 | % | 15.00 | % | |||||||||||||||||||||||||||||||||||||
* Actual Sales adjusted for fluctulations in exchange rates relative to the planned exchange rates
** Operating Profit to exclude non cash charges for depreciation, amortization and stock option grants
