2010 Base Salaries and Target Discretionary Bonuses
EX-10.1 2 dex101.htm 2010 BASE SALARIES AND TARGET BONUSES OF CERTAIN OFFICERS 2010 Base Salaries and Target Bonuses of Certain Officers
Exhibit 10.1
2010 Base Salaries and Target Discretionary Bonuses
| Officer | Position | Maximum Base Salary | Target Discretionary Bonus | ||||||
| Shane Evangelist | Chief Executive Officer | $ | 367,770 | $ | 294,216 | 1 | |||
| Ted Sanders | Chief Financial Officer | $ | 307,500 | $ | 153,750 | 1 | |||
| Aaron Coleman | Executive Vice President of Operations and Chief Information Officer | $ | 284,040 | $ | 142,020 | 1 | |||
| Houman Akhavan | Vice President of Marketing | $ | 261,000 | $ | 95,000 | ||||
| Charlie Fischer | Senior Vice President of Global Procurement | $ | 220,500 | $ | 90,000 | ||||
| 1 | Each of Messrs. Evangelist, Sanders and Coleman elected to have his bonus paid 50% in cash and 50% common stock of the Company, with the number of shares determined by the closing price on January 4, 2010. For example, if the closing price of our stock on January 4, 2010 is $5.00 per share, and all target thresholds are met, Mr. Evangelist’s bonus would be comprised of $147,108 in cash, and 29,421 shares of common stock. |
