Attached files
file | filename |
---|---|
10-K - FORM 10-K - DFC GLOBAL CORP. | w84090e10vk.htm |
EX-31.2 - EX-31.2 - DFC GLOBAL CORP. | w84090exv31w2.htm |
EX-32.3 - EX-32.3 - DFC GLOBAL CORP. | w84090exv32w3.htm |
EX-32.1 - EX-32.1 - DFC GLOBAL CORP. | w84090exv32w1.htm |
EX-23.1 - EX-23.1 - DFC GLOBAL CORP. | w84090exv23w1.htm |
EX-31.1 - EX-31.1 - DFC GLOBAL CORP. | w84090exv31w1.htm |
EX-21.1 - EX-21.1 - DFC GLOBAL CORP. | w84090exv21w1.htm |
EX-32.2 - EX-32.2 - DFC GLOBAL CORP. | w84090exv32w2.htm |
EX-31.3 - EX-31.3 - DFC GLOBAL CORP. | w84090exv31w3.htm |
EX-3.1.B - EX-3.1.B - DFC GLOBAL CORP. | w84090exv3w1wb.htm |
EX-10.25 - EX-10.25 - DFC GLOBAL CORP. | w84090exv10w25.htm |
EX-3.1.A - EX-3.1.A - DFC GLOBAL CORP. | w84090exv3w1wa.htm |
EX-10.19 - EX-10.19 - DFC GLOBAL CORP. | w84090exv10w19.htm |
EX-10.18 - EX-10.18 - DFC GLOBAL CORP. | w84090exv10w18.htm |
EXHIBIT 10.24
SUMMARY OF DFC GLOBAL CORP. EXECUTIVE AND KEY MANAGEMENT
BONUS PROGRAM
BONUS PROGRAM
With respect to each fiscal year of DFC Global Corp. (together with its subsidiaries, the
Company), the Human Resources and Compensation Committee (the Committee) of the Board of
Directors (the Board) of the Company approves the implementation of a cash bonus program (the
Cash Bonus Program) pursuant to which certain executive and management personnel of the Company,
including each of the Companys named executive officers (collectively, the Participants), will
be entitled to participate.
The Cash Bonus Program for each fiscal year typically provides for target and maximum bonus
opportunities as a percentage of each Participants annual base compensation for that fiscal year,
with that percentage determined based upon the Companys achievement of
certain
goals and/or strategic objectives established by the Board. Such goals and/or strategic objectives may include one or more of the
following metrics, or any variation thereof: net sales; net revenue; pretax income; pro forma
pretax income; pretax income before allocation of corporate overhead and bonus; budget; cash flow;
net income or earnings per share; net income or operating income; return on shareholders equity;
return on assets, capital or investment; the price of the Common Stock or any other publicly-traded
securities of the Company; market share; gross profits; operating margins; earnings before
interest and taxes; earnings before interest, taxes, depreciation and amortization; earnings
before interest, taxes, depreciation, amortization and stock-based compensation; earnings
before interest and taxes; earnings before interest, taxes, depreciation and amortization and
other non-cash charges and credits; operating income before depreciation and amortization;
sales or revenue targets; capital or investment; cash flow; cost reduction goals; budget
comparisons; implementation or completion of projects or processes strategic or critical
to the Companys business operations; completion of targeted acquisitions; entry into new
markets; development of new products and services; measures of customer satisfaction; any
combination of, or a specified increase in, any of the foregoing; and the formation of joint
ventures, marketing or customer service collaborations, or the completion of other corporate
transactions intended to enhance the Companys revenue or profitability or expand its customer base.
In general, Participants in the Cash Bonus Program fall within grade
levels depending on position title, level of responsibility and scope of duties, with a
Participants target annual bonus opportunity increasing as the executive progresses in grade
level.
The Committee and/or the Board determine the EBITDA operating targets and methodology on which
bonuses are paid pursuant to the Cash Bonus Program for each fiscal year based upon methods
historically used by the Company. The Committee and the Board retain the right to amend, alter or
terminate the Cash Bonus Program at any time. Bonuses under the Cash Bonus Program are calculated
and paid after finalizing the Companys annual financial results for applicable fiscal year.