Attached files
Exhibit 10.6b
Executive Vice President Sales Incentive Plan
SIP Targets
| • | Variable compensation opportunity for the Executive Vice President of Sales is based on a revenue target and MIP EBITDA Target. |
| • | The weighting of the target is based on the following ratios: |
| • | 50% MIP EBITDA – same structure as rest of management team |
| • | 50% Revenue – Plan goal of ** |
| • | SIP payout target is $300,000 annually, but will be pro-rated based on months employed. |
| • | The payment of bonus will be on an annual basis, based on year end results. |
Executive Vice President Sales - Example
| Salary |
$300,000 | |||
| Potential Bonus |
$300,000 | |||
| Total Annual Comp |
$600,000 | |||
| Paid Bonus |
$178,777 | |||
| Pro Rated Months |
6 | |||
| Revenue |
50% | |||
| MIP Target |
50% | |||
| Revenue Target |
** | |||
| MIP Target |
** | |||
| Actual Revenue - Example |
** | |||
| Actual EBITDA - Example | ** |
** Redacted
Potential Payment Outcomes
Pro-Rated Bonus
| Actual Revenue | ||||||||||||||||||||||||||||||||
|
Target - $30 |
Target - $20 |
Target - $10 |
Target
|
Target +$10 million |
Target +$20 million |
Target +$30 million |
Target million | |||||||||||||||||||||||||
| Target - $12 million |
$0 | $58,487 | $59,218 | $59,949 | $60,680 | $61,411 | $62,142 | $62,873 | ||||||||||||||||||||||||
| Target - $8 million |
$0 | $58,487 | $59,218 | $59,949 | $60,680 | $61,411 | $62,142 |
$62,873 | ||||||||||||||||||||||||
| Achieved EBITDA
|
Target - $4 million |
$90,000 | $148,487 | $149,218 | $149,949 | $150,680 | $151,411 | $152,142 | $152,873 | |||||||||||||||||||||||
|
Target |
$117,000 | $175,487 | $176,218 | $176,949 | $177,680 | $178,411 | $179,142 | $179,873 | ||||||||||||||||||||||||
| Target + $4 million |
$122,087 | $180,574 | $181,305 | $182,036 | $182,767 | $183,498 | $184,229 | $184,960 | ||||||||||||||||||||||||
| Target + $8 million |
$127,174 | $185,661 | $186,392 | $187,123 | $187,854 | $188,585 | $189,316 | $190,047 | ||||||||||||||||||||||||