Attached files

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EX-31.2 - CERTIFICATION - HIGHWATER ETHANOL LLCa312-certification10x31x15.htm
EX-31.1 - CERTIFICATION - HIGHWATER ETHANOL LLCa311-certification10x31x15.htm
EX-32.2 - CERTIFICATION - HIGHWATER ETHANOL LLCa322-certification10x31x15.htm
EX-10.48 - JAN 2016 2ND AMENDED CREDIT AGR AGSTAR - HIGHWATER ETHANOL LLCex1048agstarjan20162ndamen.htm
EX-10.49 - JAN 2016 2ND AMENDED SECURITY AGR AGSTAR - HIGHWATER ETHANOL LLCex1049agstarjan2016amended.htm
EX-10.51 - JAN 2016 2ND AMENDED TERM REV NOTE UNITED - HIGHWATER ETHANOL LLCex1051unitedjan20162ndamen.htm
EX-10.50 - JAN 2016 2ND AMENDED TERM REV NOTE AGSTAR - HIGHWATER ETHANOL LLCex1050agstarjan20162ndamen.htm
EX-10.53 - JAN 2016 2ND AMENDED TERM NOTE UNITED - HIGHWATER ETHANOL LLCex10532ndamendedandrestate.htm
EX-10.47 - EXECUTIVE BONUS PLAN 2016 - HIGHWATER ETHANOL LLCex1047executivebonusplan20.htm
EX-10.45 - GRAIN ORIGINATION AGREEMENT - HIGHWATER ETHANOL LLCex1045grainoriginationagre.htm
EX-10.54 - JAN 2016 2ND AMENDED TERM NOTE AGSTAR - HIGHWATER ETHANOL LLCex10542ndamendedandrestate.htm
EX-32.1 - CERTIFICATION - HIGHWATER ETHANOL LLCa321-certification10x31x15.htm
10-K - 10-K FYE 10-31-2015 - HIGHWATER ETHANOL LLCa10-kfye10x31x15.htm
EX-10.52 - JAN 2016 2ND AMENDED MORTGAGE - HIGHWATER ETHANOL LLCex10522ndamendedmortgage.htm


 
 
 
2015
 
 
 
 
 
2015
CEO Executive Bonus
 
 
 
 
CFO Executive Bonus
 
 
Base Salary
Percent
 $ 160,000.00
 
 
Base Salary
Percent
$122,500.00
Bonus potential
20%
 
 
 
Bonus Potential
20%
 
 
 
 
 
 
 
 
 
 
 
1. EBITDA
 
3%
 
 
 
1. EBITDA
 
3%
 
Budgeted
1%
 $ 1,600.00
 
 
Budgeted
1%
$1,225.00
plus 10%
 
1%
 $ 1,600.00
 
 
plus 10%
 
1%
$1,225.00
plus 15%
 
1%
 $ 1,600.00
 
 
plus 15%
 
1%
$1,225.00
 
 
 
 
 
 
 
 
 
 
2. Debt Service
3%
 
 
 
2. Debt Service
3%
 
Budget plus 5%
1%
 $ 1,600.00
 
 
Budget plus 5%
1%
$1,225.00
plus 10%
 
1%
 $ 1,600.00
 
 
plus 10%
 
1%
$1,225.00
plus 15%
 
1%
 $ 1,600.00
 
 
plus 15%
 
1%
$1,225.00
 
 
 
 
 
 
 
 
 
 
3. Compliance
1%
$1,600.00
 
 
3. Compliance
1%
 
 
 
 
 
 
 
SEC Audit Reporting
1%
$1,225.00
 
 
 
 
 
 
 
 
 
 
4. Operations/Yield
1%
 
 
 
4. Financial Reports
1%
 
 
2.88
0.5%
 $ 800.00
 
 
 
Monthly On Time
0.5%
$612.50
 
2.89
0.5%
 $ 800.00
 
 
 
Quarterly
0.5%
$612.50
 
 
 
 
 
 
 
 
 
 
5. Grain Procurement Signed 10/31
2%
 $ 3,200.00
 
 
5. Grain Procurement Signed by 10/31
2%
$2,450.00
 
 
 
 
 
 
 
 
 
 
6. Income
 
 
 
 
6. Income
 
 
Net Income Portion
Profitability
 
 
Net Income Portion
Profitability
Net Income {Book}
Percent 10%
 
 
Net Income {Book}
Percent 10%
$3.0 - $3.5 MM
1%
 $ 1,600.00
 
 
$3.0 - $3.5 MM
1%
$1,225.00
$3.5 - $4.0 MM
1%
 $ 1,600.00
 
 
$3.5 - $4.0 MM
1%
$1,225.00
$4.0- $4.5 MM
1%
 $ 1,600.00
 
 
$4.0- $4.5 MM
1%
$1,225.00
$4.5 - $5.0 MM
1%
 $ 1,600.00
 
 
$4.5 - $5.0 MM
1%
$1,225.00
$5.0 - $5.5 MM
1%
 $ 1,600.00
 
 
$5.0 - $5.5 MM
1%
$1,225.00
$5.5 - $6.0 MM
1%
 $ 1,600.00
 
 
$5.5 - $6.0 MM
1%
$1,225.00
$6.0 - $6.5 MM
1%
 $ 1,600.00
 
 
$6.0 - $6.5 MM
1%
$1,225.00
$6.5 - $7.0 MM
1%
 $ 1,600.00
 
 
$6.5 - $7.0 MM
1%
$1,225.00
$7.0 - $ 7.5 MM
1%
 $ 1,600.00
 
 
$7.0 - $ 7.5 MM
1%
$1,225.00
$7.5 - $8.0 MM
1%
 $ 1,600.00
 
 
$7.5 - $8.0 MM
 
1%
$1,225.00
 
 
 
 $ 32,000.00
 
 
 
 
 
$24,500.00