Digital Angel Corporation 2005 Management Incentive Cash Bonus Plan Outline
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Summary
This agreement outlines the 2005 Annual Incentive Cash Bonus Plan for executives at Digital Angel Corporation. The plan determines bonus payouts based on company performance metrics, including revenue, operating income, cash, and management or board discretion. Bonus amounts are set as a percentage of each executive's salary, with different levels for the CEO, senior executives, and other executives. Payments are made if certain performance targets are met, with minimum, target, and maximum bonus levels specified.
EX-10.79 11 ex10p79.htm EXHIBIT 10.79 Exhibit 10.79
Exhibit 10.79
Management Incentive Plan Outline
For Digital Angel Corporation
Annual Incentive Cash Bonus Plan Outline
The Annual Incentive Cash Bonus Plan for 2005 is based upon the following metrics in the percentages indicated:
| Revenue | 50% |
| EBITDA | 0% |
| Operating Income | 20% |
| Cash | 20% |
| Management/Board Disc | 10% |
Bonuses, if earned, based upon the established targets, would be paid at levels between a Minimum Performance level and a Maximum Performance level. Set forth below is the bonus award matrix, with percentages reflecting a percentage of the executives’ salary:
| CEO | Senior Execs | Execs | |||
| Minimum | 50% | 30% | 15% | ||
| Target | 100% | 60% | 30% | ||
| Maximum | 200% | 120% | 60% |
