Attached files
Exhibit 10.36
2010 PERFORMANCE GOALS FOR
CEO SHORT-TERM INCENTIVE BONUS
| Performance Criteria |
Goals and Minimum and Maximum Thresholds |
Allocation of Target Amount ($) (1) | |||
| San Jose Water Company ROE for 2010 Fiscal Year | Target Goal: 10.13%
Minimum Threshold: 8.63%
Maximum Goal: 11.13% |
$ | 104,170 | ||
| Compliance (Environmental) | Maximum Goal: Zero water quality or other environmental violations (Goal and Minimum Threshold are not applicable). | $ | 26,040 | ||
| San Jose Water Company Operational Goals (2) |
Target Goal: Achieve 80% of identified key water industry objectives measured primarily in terms of service, reliability and efficiency.
Minimum Threshold: Achieve 70% of identified water industry objectives.
Maximum Goal: Achieve 90% of identified key water industry objectives. |
$ | 26,040 | ||
| 1) | The target 2010 annual cash bonus amount is equal to $156,250, which is 25 percent of Mr. Roth’s base salary per his employment agreement. The actual bonus may range from 0% to 150% of the target amount based on the Committee determination of the achievement of the performance goals: |
| • | If the goal is attained, 100 percent of the allocated amount will be paid. |
| • | If only the minimum threshold is attained, then 50 percent of the allocated amount will be paid. |
| • | If the maximum goal is attained, then 150 percent of the allocated amount will be paid. |
| • | Should the actual level of attainment of any such performance goal be between two of the designated levels, then the bonus potential will be interpolated on a straight-line basis. |
| 2) | The key water industry objectives will be established by March 30, 2010. |