EX-10.46 3 ex1046executivebonusplan20.htm EXECUTIVE BONUS PLAN 2015 Exhibit


 
 
 
2015
 
 
 
 
 
2015
CEO Executive Bonus
 
 
 
 
CFO Executive Bonus
 
 
Base Salary
Percent
 $ 160,000.00
 
 
Base Salary
Percent
$122,500.00
Bonus potential
20%
 
 
 
Bonus Potential
20%
 
 
 
 
 
 
 
 
 
 
 
1. EBITDA
 
3%
 
 
 
1. EBITDA
 
3%
 
Budgeted
1%
 $ 1,600.00
 
 
Budgeted
1%
$1,225.00
plus 10%
 
1%
 $ 1,600.00
 
 
plus 10%
 
1%
$1,225.00
plus 15%
 
1%
 $ 1,600.00
 
 
plus 15%
 
1%
$1,225.00
 
 
 
 
 
 
 
 
 
 
2. Debt Service
3%
 
 
 
2. Debt Service
3%
 
Budget plus 5%
1%
 $ 1,600.00
 
 
Budget plus 5%
1%
$1,225.00
plus 10%
 
1%
 $ 1,600.00
 
 
plus 10%
 
1%
$1,225.00
plus 15%
 
1%
 $ 1,600.00
 
 
plus 15%
 
1%
$1,225.00
 
 
 
 
 
 
 
 
 
 
3. Compliance
1%
$1,600.00
 
 
3. Compliance
1%
 
 
 
 
 
 
 
SEC Audit Reporting
1%
$1,225.00
 
 
 
 
 
 
 
 
 
 
4. Operations/Yield
1%
 
 
 
4. Financial Reports
1%
 
 
2.88
0.5%
 $ 800.00
 
 
 
Monthly On Time
0.5%
$612.50
 
2.89
0.5%
 $ 800.00
 
 
 
Quarterly
0.5%
$612.50
 
 
 
 
 
 
 
 
 
 
5. Grain Procurement Signed 10/31
2%
 $ 3,200.00
 
 
5. Grain Procurement Signed by 10/31
2%
$2,450.00
 
 
 
 
 
 
 
 
 
 
6. Income
 
 
 
 
6. Income
 
 
Net Income Portion
Profitability
 
 
Net Income Portion
Profitability
Net Income {Book}
Percent 10%
 
 
Net Income {Book}
Percent 10%
$3.0 - $3.5 MM
1%
 $ 1,600.00
 
 
$3.0 - $3.5 MM
1%
$1,225.00
$3.5 - $4.0 MM
1%
 $ 1,600.00
 
 
$3.5 - $4.0 MM
1%
$1,225.00
$4.0- $4.5 MM
1%
 $ 1,600.00
 
 
$4.0- $4.5 MM
1%
$1,225.00
$4.5 - $5.0 MM
1%
 $ 1,600.00
 
 
$4.5 - $5.0 MM
1%
$1,225.00
$5.0 - $5.5 MM
1%
 $ 1,600.00
 
 
$5.0 - $5.5 MM
1%
$1,225.00
$5.5 - $6.0 MM
1%
 $ 1,600.00
 
 
$5.5 - $6.0 MM
1%
$1,225.00
$6.0 - $6.5 MM
1%
 $ 1,600.00
 
 
$6.0 - $6.5 MM
1%
$1,225.00
$6.5 - $7.0 MM
1%
 $ 1,600.00
 
 
$6.5 - $7.0 MM
1%
$1,225.00
$7.0 - $ 7.5 MM
1%
 $ 1,600.00
 
 
$7.0 - $ 7.5 MM
1%
$1,225.00
$7.5 - $8.0 MM
1%
 $ 1,600.00
 
 
$7.5 - $8.0 MM
 
1%
$1,225.00
 
 
 
 $ 32,000.00
 
 
 
 
 
$24,500.00