EX-10.1 2 dex101.htm 2010 BASE SALARIES AND TARGET BONUSES OF CERTAIN OFFICERS 2010 Base Salaries and Target Bonuses of Certain Officers

Exhibit 10.1

2010 Base Salaries and Target Discretionary Bonuses

 

Officer

   

Position

    Maximum
Base Salary		    Target
Discretionary Bonus		  

Shane Evangelist

    Chief Executive Officer    $ 367,770    $ 294,216 1 

Ted Sanders

    Chief Financial Officer    $ 307,500    $ 153,750 1 

Aaron Coleman

    Executive Vice President of Operations and Chief Information Officer    $ 284,040    $ 142,020 1 

Houman Akhavan

    Vice President of Marketing    $ 261,000    $ 95,000   

Charlie Fischer

    Senior Vice President of Global Procurement    $ 220,500    $ 90,000   

 

1

Each of Messrs. Evangelist, Sanders and Coleman elected to have his bonus paid 50% in cash and 50% common stock of the Company, with the number of shares determined by the closing price on January 4, 2010. For example, if the closing price of our stock on January 4, 2010 is $5.00 per share, and all target thresholds are met, Mr. Evangelist’s bonus would be comprised of $147,108 in cash, and 29,421 shares of common stock.