Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - COHERENT INC | a20161231_10q.htm |
| EX-32.2 - CERTIFICATE OF CHIEF FINANCIAL OFFICER - COHERENT INC | cohr-ex322_2017q1.htm |
| EX-32.1 - CERTIFICATE OF CHIEF EXECUTIVE OFFICER - COHERENT INC | cohr-ex321_2017q1.htm |
| EX-31.2 - CERTIFICATE OF CHIEF FINANCIAL OFFICER - COHERENT INC | cohr-ex312_2017q1.htm |
| EX-31.1 - CERTIFICATE OF CHIEF EXECUTIVE OFFICER - COHERENT INC | cohr-ex311_2017q1.htm |
| EX-10.5 - EXHIBIT 10.5 - COHERENT INC | fy16vcpexhibita1to922res.htm |
| EX-10.4 - EXHIBIT 10.4 - COHERENT INC | cohr-ex104_2017q1.htm |
| EX-10.3 - EXHIBIT 10.3 - COHERENT INC | cohr-ex103_2017q1.htm |
| EX-10.2 - EXHIBIT 10.2 - COHERENT INC | cohr-ex102_2017q1.htm |
| EX-10.1 - EXHIBIT 10.1 - COHERENT INC | cohr-ex101_2017q1.htm |
pg. 1 |
EXHIBIT A-1: FY17 VCP
Coherent Confidential. Do Not Copy, Reproduce, or Distribute. | www.coherent.com
Two performance metrics are measured and paid out independently:
• Adjusted EBITDA$ weighted 75%
• Revenue weighted 25%
Semi-annual plan, bonus based on 1st half and 2nd half published results.
Bonus
Criteria
Bonus
Weighting
Threshold
VCP 0%
At Target
VCP 100%
At Maximum
VCP 200%
Comments
Revenue –
1st half
25% $633.0M
0%
$657.0M
25%
$681.0M
50%
Payout capped at 100% until
pre-VCP EBITDA $ target is
met
Revenue –
2nd half
25%
$723.0M
0%
$747.0M
25%
$771.0M
50%
Payout capped at 100% until
pre-VCP EBITDA $ target is
met
Pre-VCP
EBITDA $ -
1st half
75% $145.0M
0%
$161.3M
75%
$177.5M
150%
Pre-VCP
EBITDA $ -
2nd half
75%
$167.0M
0%
$187.25M
75%
$207.5M
150%
For purposes of the VCP, “adjusted EBITDA” (or Pre-VCP EBITDA) is defined as operating income adjusted for VCP payouts, depreciation,
amortization, stock compensation expense, major restructuring charges and certain non-operating income or expense items.