EX-10.1
from 8-K
6 pages
The SAIA, Inc. 2023 Annual Cash Bonus Plan 1. Purpose. the Purpose of the SAIA, Inc. 2023 Annual Cash Bonus Plan Is to Enable the Company to Attract and Retain Employees by Providing a Competitive Cash Bonus Program That Rewards Outstanding Performance. 2. Definitions. the Following Terms Shall Have the Following Meanings: 2.1 “Affiliate” Means Any Corporation, Limited Liability Company or Other Entity Controlled by the Company. 2.2 “Award” Means an Award Granted Pursuant to the Plan, the Payment of Which Shall Be Contingent on the Attainment of Performance Goals With Respect to a Performance Period, as Determined by the Committee. 2.3 “Base Salary” Means the Participant's Annualized Rate of Base Salary on the Last Day of the Performance Period Before (I) Deductions for Taxes or Benefits and (II) Deferrals of Compensation Pursuant to Any Company or Affiliate-Sponsored Plans. 2.4 “Board” Means the Board of Directors of the Company, as Constituted From Time to Time. 2.5 “Code” Means the Internal Revenue Code of 1986, as Amended From Time to Time, Including Any Regulations or Authoritative Guidance Promulgated Thereunder and Successor Provisions Thereto. 2.6 “Committee” Means the Compensation Committee of the Board. 2.7 “Company” Means SAIA, Inc., and Any Successor Thereto. 2.8 “Determination Date” Means a Date on Which the Outcome of the Performance Goals Are Substantially Uncertain. 2.9 “Maximum Award” Means as to Any Participant for Any Plan Year $4,000,000. 2.10 “Participant” Means as to Any Performance Period, Any Salaried Employee of the Company or an Affiliate Who Is Designated by the Committee to Participate in the Plan for That Performance Period. 2.11
12/34/56