EX-10.1
from 8-K
1 page
Veramark Technologies, Inc. 2010 Incentive Plan for Anthony C. Mazzullo Incentives Will Be Based on a Weighted Point System Using Three (3) Target Measures, as Follows: • Orders, 40% • Revenue, 50% • Net Income, 10% Restricted Stock Bonus • Total at Target Including Rollover 133,333 Shares • Restricted Shares Will Be Earned Based on the Weighted Point System as Follows: • Orders, 40%: 53,333 Shares at Target • Revenue, 50%: 66,667 Shares at Target • Net Income, 10%: 13,333 Shares at Target • Restricted Shares Begin to Be Earned Pro-Rata When 85% of a Target Is Achieved. Cash Bonus • Total at Target: $60,000 • Bonus Amounts Will Be Based on a Weighted Point System as Follows: • Orders, 40%: $24,000 at Target • Revenue, 50%: $30,000 at Target • Net Income, 10%: $6,000 at Target • Cash Bonus Amounts Begin to Be Earned Pro-Rata When 85% of a Target Is Achieved. Additional Cash Bonus for Exceeding a Target • Additional Cash Bonus for Exceeding Plan Will Be Based on a Weighted Point System of Each Target as Follows: • Achieve 110% of Target on a Target, Add Additional Weighted Share of $20,000 Cash Bonus (Orders: $8,000, Revenue: $10,000, Net Income: $2,000) • Achieve 120% of Target on a Target, Add Additional Weighted Share of $20,000 Cash Bonus (Orders: $8,000, Revenue: $10,000, Net Income: $2,000) • Achieve 130% of Target on a Target, Add Additional Weighted Share of $20,000 Cash Bonus (Orders: $8,000, Revenue: $10,000, Net Income: $2,000) • Additional Cash Bonuses Will Not Be Pro-Rated
12/34/56
