EX-10.3 4 dex103.htm 2006 INCENTIVE COMPENSATION PROGRAM FOR WILLIAM G. CORNELY 2006 Incentive Compensation Program for William G. Cornely

Exhibit 10.3

Dominion Homes, Inc.

2006 Incentive Compensation Program

William G. Cornely, Senior Vice President of Finance and CFO

Net Income (40% of Total)

 

Goal

        Award    

Target

    $ 30,000

Stretch

    $ 75,000

Exceptional

    $ 125,000

Corporate Debt Management (40% of Total)

 

Goal

        Award    

100% of Target Debt Reduction

    $ 30,000

133% of Target Debt Reduction

    $ 75,000

166% of Target Debt Reduction

    $ 125,000

Customer Satisfaction (20% of Total)

 

Goal

        Award    

94%

    $ 15,000

95%

    $ 37,500

96%

    $ 62,500

Mr. Cornely will be entitled to receive a guaranteed minimum bonus for 2006 of $100,000.