Attached files
Highwater Ethanol Incentive Program | |||||||||||
Fiscal 2016 | |||||||||||
Eligible | Salary | Net Income Incentive | EBITDA | Debt Service | Share Value | Yield/Project | Compliance | Total Percent Incentive | Total Incentive | ||
Brian | Kletscher | Yes | $ 164,800.00 | 15.00% | 5.00% | 5.00% | 2.00% | 3.00% | 5.00% | 35.00% | $ 57,680.00 |
Eligible | Salary | Net Income Incentive | EBITDA | Debt Service | Share Value | Financial Reports | Audit/SEC Compliance | Total Percent Incentive | Total Incentive | ||
Lucas | Schneider | Yes | $ 126,175.00 | 15.00% | 5.00% | 5.00% | 2.00% | 2.00% | 3.00% | 32.00% | $ 40,376.00 |
$ 98,056.00 | |||||||||||
CEO Executive Bonus | CFO Executive Bonus | ||||||||||
Base Salary | Percent | $ 160,000.00 | Base Salary | Percent | $122,500.00 | ||||||
Bonus potential | 35% | Bonus Potential | 32% | ||||||||
1. EBITDA | 5% | 1. EBITDA | 5% | ||||||||
Budgeted | 2% | $ 3,200.00 | Budgeted | 2% | $2,450.00 | ||||||
plus 10% | 2% | $ 3,200.00 | plus 10% | 2% | $2,450.00 | ||||||
plus 15% | 1% | $ 1,600.00 | plus 15% | 1% | $1,225.00 | ||||||
2. Debt Service | 5% | 2. Debt Service | 5% | ||||||||
Budget plus 5% | 2% | $ 3,200.00 | Budget plus 5% | 2% | $2,450.00 | ||||||
plus 10% | 2% | $ 3,200.00 | plus 10% | 2% | $2,450.00 | ||||||
plus 15% | 1% | $ 1,600.00 | plus 15% | 1% | $1,225.00 | ||||||
3. Compliance | 5% | 3. Compliance | 3% | ||||||||
MPCA/DNR Permits Water | 1% | $ 1,600.00 | SEC Reporting | 2% | $2,450.00 | ||||||
MPCA Air Permits | 1% | $ 1,600.00 | Audit | 1% | $1,225.00 | ||||||
Federal Rail/State Rail/OSHA | 1% | $ 1,600.00 | |||||||||
SEC Reporting | 2% | $ 3,200.00 | |||||||||
4. Operations/Yield | 2% | 4. Financial Reports | 2% | ||||||||
2.88 | 1% | $ 1,600.00 | Monthly On Time | 1% | $1,225.00 | ||||||
2.89 | 1% | $ 1,600.00 | Quarterly | 1% | $1,225.00 | ||||||
5. Increase Share Value/Distribution | 1% | $ 1,600.00 | 3% | 5. Increase Share Value/Distribution | 1% | $1,225.00 | 3% | ||||
1% | $ 1,600.00 | 6% | 1% | $1,225.00 | 6% | ||||||
6. New Technology Reviewed | 1% | $ 1,600.00 | |||||||||
6. Income | 6. Income | ||||||||||
Net Income Portion | Profitability | Net Income Portion | Profitability | ||||||||
Net Income {Book} | Percent 15% | Net Income {Book} | Percent 15% | ||||||||
$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 | ||||||
$8.0 - $8.5 MM | 1% | $ 1,600.00 | $8.0 - $8.5 MM | 1% | $1,225.00 | ||||||
$8.5 - $9.0 MM | 1% | $ 1,600.00 | $8.5 - $9.0 MM | 1% | $1,225.00 | ||||||
$9.0 - $9.5 MM | 1% | $ 1,600.00 | $9.0 - $9.5 MM | 1% | $1,225.00 | ||||||
$9.5 - $10.0 MM | 1% | $ 1,600.00 | $9.5 - $10.0 MM | 1% | $1,225.00 | ||||||
$10.0 - $10.5 MM | 1% | $ 1,600.00 | $10.0 - $10.5 MM | 1% | $1,225.00 | ||||||
$ 56,000.00 | $39,200.00 | ||||||||||