2005 Annual Incentive Cash Bonus Plan Outline
This document outlines the 2005 Annual Incentive Cash Bonus Plan for executives, detailing how bonuses are determined based on company performance metrics such as revenue, operating income, cash, and management or board discretion. The plan specifies bonus payout levels for the CEO, senior executives, and other executives, with payments ranging from minimum to maximum percentages of their salaries, depending on performance against set targets.
Exhibit 10.1
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:
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| CEO |
| Senior Execs |
| Execs |
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| Minimum |
| 50 | % | 30 | % | 15 | % |
| Target |
| 100 | % | 60 | % | 30 | % |
| Maximum |
| 200 | % | 120 | % | 60 | % |
