www.sec.gov/Archives/edgar/data/1138639/0001193125-08-0 -
[Cached Version]
Published on: 3/21/2008
Last Visited: 3/22/2008
Scott A. Chandler
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Scott A. Chandler
Vice President, Worldwide Sales
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To this end, the Company established a 2007 Bonus Plan that provides for performance based cash incentive opportunities for certain employees of the Company, including each of the Section 16 Officers, other than Mr. Chandler, our VP of Worldwide Sales.In establishing the amount of these bonus compensation amounts the Compensation Committee evaluated the total target cash compensation (base salary plus target amount of incentive cash payments) and compared it to the market benchmark data discussed above, including the Peer Group.The actual award earned may be higher or lower than this target incentive amount based on company and individual performance factors.
Under our 2007 Bonus Plan, the corporate objectives for bonuses for all Section 16 Officers, other than Mr. Chandler, were a combination of financial related measures.The payouts under the Bonus Plan range from 0% to a maximum of 200% of the targeted bonuses payout.
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Mr. Chandler's bonus payout for 2007 was $325,807.Mr. Chandler's bonus for 2007 was based on the Company's achievement of an annual invoiced shipments target.The 2007 bonus earned by Mr. Chandler was a percentage of each dollar of invoiced shipments generated by the Company, and includes a higher percentage payout at higher invoiced shipments levels.Mr. Chandler's annual bonus for 2007 had an expected payout of 100% of his annual salary at 100% achievement of his sales quota and did not have a minimum or maximum payout.
Long-Term Equity-Based Incentive Compensation.
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Scott A. Chandler