Attached files
Exhibit
10.1
Form of Executive Officer
Bonus Plan – FY 2010
Assumptions: | |
Focus | Operating Income weighted 50%; Revenue weighted 50%; 67% of overall bonus opportunity |
Payment | Quarterly |
Opportunity | 120% of Base Salary |
Quarterly Minimums | 80% of revenue and operating income plan |
Board Discretion | This bonus table is for guideline purposes only – actual amounts may vary |
Executive | Rob Eberle |
%
Revenue
|
Operating
Income
|
||||||
Above
80%
|
Above
90%
|
100%
|
Above
100%
|
Above
110%
|
Above
120%
|
||
80%
|
20%
|
25%
|
35%
|
45%
|
55%
|
65%
|
|
85%
|
25%
|
30%
|
45%
|
55%
|
65%
|
75%
|
|
90%
|
30%
|
35%
|
55%
|
65%
|
75%
|
85%
|
|
95%
|
35%
|
45%
|
65%
|
75%
|
85%
|
90%
|
|
100%
|
40%
|
55%
|
75%
|
85%
|
90%
|
95%
|
|
105%
|
45%
|
65%
|
85%
|
90%
|
95%
|
100%
|
|
110%
|
50%
|
75%
|
90%
|
95%
|
100%
|
100%
|
In addition to the above table, 33% of overall quarterly bonus opportunity will
be earned based on achievement of key management objectives established at the
beginning of the fiscal year.
The Board
may in its discretion award bonuses on a quarterly or annual basis based on
operating performance, corporate events or other circumstances which in the
Compensation Committee’s discretion is warranted. Notwithstanding the
foregoing, bonuses will under normal
circumstances be paid within 90 days of the end of the quarter in which they are
earned provided however that bonuses earned in the first or second quarters of
the Company’s fiscal year will be paid no later than September 15th of
the calendar year following the calendar year in which the bonuses were earned,
and bonuses earned in the third and fourth quarters of the Company’s fiscal year
will be paid no later than March 15th of
the calendar year following the calendar year in which the bonuses were
earned.