EX-10.85 8 a1085-2014bonusplanforceoa.htm EXHIBIT 10.85 - 2014 Bonus Plan for CEO and CFO


CEO Executive Bonus
 
 
base salary
 
$150,000
bonus potential
 
20
%
 
 
$30,000
 
 
 
1. EBITDA
3%
 
 
 
 
Budgeted
1%
$1,500
plus 10%
1%
$1,500
plus 20%
1%
$1,500
 
 
 
2. Debt Service
3%
 
 
 
 
Budget plus 5%
1%
$1,500
plus 10%
1%
$1,500
plus 15%
1%
$1,500
 
 
 
3. Debt refinance
2%
 
by 3-15-2014
 
$3,000
 
 
 
4. Yield
1%
 
 
 
 
Ethanol 2.88
0.5%
$750
2.9
0.5%
$750
 
 
 
5. Compliance
1%
$1,500
no violations
 
 
 
 
 
6. Income
10%
 
Criteria
 
 
Net Income Portion
Profitability
 
Net Income (Book)
Percent
 
$3.0 - $3.5 MM
1%
$1,500
$3.5 - $4.0 MM
1%
$1,500
$4.0 - $4.5 MM
1%
$1,500
$4.5 - $5.0 MM
1%
$1,500
$5.0 - $5.5 MM
1%
$1,500
$5.5 - $6.0 MM
1%
$1,500
$6.0 - $6.5 MM
1%
$1,500
$6.5 - $7.0 MM
1%
$1,500
$7.0 - $7.5 MM
1%
$1,500
$7.5 - $8.0 MM
1%
$1,500
 
 
 
TOTAL
 
$30,000





CFO Executive Bonus
 
 
base salary
 
$115,000
bonus potential
 
20
%
 
 
$23,000
 
 
 
1. EBITDA
3%
 
 
 
 
Budgeted
1%
$1,150
plus 10%
1%
$1,150
plus 20%
1%
$1,150
 
 
 
2. Debt Service
3%
 
 
 
 
Budget plus 5%
1%
$1,150
plus 10%
1%
$1,150
plus 15%
1%
$1,150
 
 
 
3. Debt refinance
2%
 
by 3-15-2014
 
$2,300
 
 
 
4. Financial Reports
1%
$1,150
 
 
 
5. Audit/SEC Compliance
1%
$1,150
 
 
 
6. Income
10%
 
Criteria
 
 
Net Income Portion
Profitability
 
Net Income (Book)
Percent
 
$3.0 - $3.5 MM
1%
$1,150
$3.5 - $4.0 MM
1%
$1,150
$4.0 - $4.5 MM
1%
$1,150
$4.5 - $5.0 MM
1%
$1,150
$5.0 - $5.5 MM
1%
$1,150
$5.5 - $6.0 MM
1%
$1,150
$6.0 - $6.5 MM
1%
$1,150
$6.5 - $7.0 MM
1%
$1,150
$7.0 - $7.5 MM
1%
$1,150
$7.5 - $8.0 MM
1%
$1,150
 
 
 
TOTAL
 
$23,000