VantageMed Executive EBITDA Bonus Plan (Q4-2006 to Q4-2007)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines VantageMed's executive bonus plan for the CEO, CFO, COO, and EVP of Marketing for Q4-2006 through Q4-2007. Bonuses are based on the company's EBITDA performance, with flat payments if EBITDA is between 0% and 5%, and increasing percentages of EBITDA for higher performance tiers. The total bonus pool and individual executive payouts are specified. If the company does not meet or exceed its quarterly projected revenue, 50% of the calculated bonus pool is forfeited.

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EX-10.01 2 a07-1399_1ex10d01.htm EX-10

Exhibit 10.01

VantageMed Executive EBITDA Bonus Plan

Q4-2006 through Q4-2007

Bonus Pool
Computation

 

Flat Bonus
Payment if
EBITDA is 0%
to 5%

 

% of EBITDA if
EBITDA is
Between 5% and
10%

 

% of EBITDA if
EBITDA is
Between 10% to
15%

 

CEO

 

$

10,500

 

7.35

%

8.00

%

CFO

 

$

7,500

 

5.25

%

5.75

%

COO

 

$

7,500

 

5.25

%

5.75

%

EVP Marketing

 

$

7,500

 

5.25

%

5.75

%

 

 

 

 

 

 

 

 

Total Bonus Pool

 

$

33,000

 

23.10

%

25.25

%

 

Adjustments

(1) 50% of the calculated pool is forfeited if the quarterly projected revenue is not met or exceeded