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EX-32.2 - EX-32.2 - Teavana Holdings Incd367136dex322.htm
EX-10.1 - EX-10.1 - Teavana Holdings Incd367136dex101.htm
EX-31.1 - EX-31.1 - Teavana Holdings Incd367136dex311.htm
EX-31.2 - EX-31.2 - Teavana Holdings Incd367136dex312.htm
EX-32.1 - EX-32.1 - Teavana Holdings Incd367136dex321.htm
EXCEL - IDEA: XBRL DOCUMENT - Teavana Holdings IncFinancial_Report.xls
10-Q - FORM 10-Q - Teavana Holdings Incd367136d10q.htm

Exhibit 10.2

Summary:

In order to further incentivize the executive officers and certain other employees to achieve a successful integration of the Teaopia Acquisition, in August 2012, the Compensation Committee and Board adopted the following Teaopia Budget 2012 Incentive Plan (the “Teaopia Plan”). The Teaopia Plan contemplates a bonus that consists of the sum of two components. The first component of the Teaopia Plan provides a bonus equal to 2.0%, 4.0% or 6.0% of each executive officer’s base salary if 100%, 110% or 120%, respectively, of certain Teaopia gross profit targets are achieved in the fourth quarter of fiscal 2012. The second component of the Teaopia plan provides a bonus 2.0%, 4.0% or 6.0% of each executive officer’s base salary if 100%, 110% or 120%, respectively, of certain Teaopia EBITDA targets are achieved during fiscal 2012. For each component, there is a 0.2% increase in bonus as a percentage of the officer’s base salary for every 1% increase in realization of the relevant target measure above 120%.

TEA

Teaopia budget 2012: incentive plan

CEO/EVP/VP Plan:

 

Fourth Quarter Targets    

 

LOGO

   Fiscal Year Targets  

% of Teaopia Plan Gross Profit
Q4:

    Bonus as a % of base
salary:
       % of Teaopia Plan EBITDA     Bonus as a % of base
salary:
 
  100     2.0        100     2.0
  110     4.0        110     4.0
  120     6.0        120     6.0
  >120    
 

 

6.0% + 0.2% for every
additional 1.0%

increase above plan

  
 

  

       >120    

 

 

6.0% + 0.2% for every

additional 1.0%

increase above plan

  

 

  

Note: bonus is paid pro-rata for performance between tiers. Percentage of base bonus payout is calculated on annual salary basis.

Director/Manager Plan:

Same as above, except bonus % is divided by 4, representing one quarter the payout as a % of base of the VP plan