EX-10.2 3 v24513exv10w2.txt EXHIBIT 10.2 . . . EXHIBIT 10.2 SUMMARY OF COMPENSATION AND PERFORMANCE GOALS AND BUSINESS CRITERIA FOR PAYMENT OF INCENTIVE AWARDS Compensation
ANNUAL SALARY ------------- Julia A. Harper, Vice President of Corporate Operations $240,000 Brian Bronson, Chief Financial Officer $261,000
Incentive Awards Bonus targets are set between the 50th and 75th percentile of market data as an average. The officers were assigned the following target annual bonus amounts:
TARGET ANNUAL BONUS AMOUNT ------------ Julia A. Harper, Vice President of Corporate Operations $160,000 Brian Bronson, Chief Financial Officer $121,000 Keith Lambert, Vice President of Manufacturing Operations $100,000
Actual bonus payouts are calculated and paid semi-annually and are based on achievement of planned operating income, as well as the following parameters:
PARAMETER PAYOUT WEIGHT ------------------- ---------------------------------- ----------- Individual objectives Payout from 0 - 200% based on results 50% Design win target Payout from 0 - 200% based on results 20% Revenue target Payout from 0 - 200% based on results 15% Gross margin target Payout from 0 - 200% based on results 15%