Zomax Incorporated 2006 Executive Officer Bonus Plan
Zomax Incorporated's 2006 Executive Officer Bonus Plan outlines how executive officers can earn cash and equity incentives based on performance. Executives are eligible for cash bonuses worth 50-70% of their base salary, split evenly between meeting strategic and financial goals. They also receive restricted stock awards that vest when certain strategic and financial targets are met. The plan is designed to reward executives for achieving specific company objectives.
EXHIBIT 10.1
ZOMAX INCORPORATED
2006 EXECUTIVE OFFICER BONUS PLAN
The Zomax Incorporated 2006 Executive Officer Bonus Plan is designed to pay for performance. Plan participants are eligible to receive cash incentives as well as equity incentives upon the achievement of performance targets.
CASH INCENTIVE
Each executive officer is assigned a total cash bonus opportunity (ranging from 50-70% of base salary). The cash incentive has two components: strategic objectives and financial objectives. Up to 50 percent of an executive officer’s total cash bonus opportunity is payable based upon the achievement of specified strategic objectives. The remaining 50 percent of an executive officer’s total cash bonus opportunity is payable upon the achievement of a specified financial objective related to EBITDA.
EQUITY INCENTIVE
Each executive officer receives a restricted stock award that vests as follows: Up to 50 percent upon the achievement of specified strategic objectives; and up to 50 percent upon the achievement of specified financial objectives related to EBITDA, operating results and revenue.
