Enforcement Video, LLC Senior Management Performance Bonus Plan for Russell Walker (2016)
This agreement outlines the 2016 performance bonus plan for Russell Walker, a senior manager at Enforcement Video, LLC. Mr. Walker is eligible for cash bonuses based on the company’s annual net revenue, completion of quarterly individual goals set by the President, and achieving at least 80% of his annual objectives. Bonuses are paid after the release of the year’s financial results, provided Mr. Walker is still employed in his current role at the time of payment.
Exhibit 10.9
Enforcement Video, LLC Senior Management Performance Bonus Plan
Russell Walker (2016)
Pursuant to the Enforcement Video, LLC Senior Management Performance Bonus Plan (the “Plan”), Mr. Walker is entitled to receive the following amounts for the achievement of the goals and objectives described below:
| • | $38,000 if net revenues for the year ended December 31, 2016 exceed $77.0 million; |
| • | $1,500 for each quarter in which the executive successfully completes individual performance goals determined by the President at the beginning of the quarter (the “Individual Objectives”); and |
| • | $6,000 for the successful completion of 80% of all 2016 Individual Objectives. |
Bonuses under the Plan will be paid promptly following the release of financial results for the year ended December 31, 2016.
To be eligible for the bonus, Mr. Walker must be employed by Enforcement Video, LLC and serving in his current position when the bonuses are paid.
