Incentive Plan

2014 Summary of Executive Cash Compensation and Award Targets Under the Annual Incentive Plan


Exhibit 10.1
 
2014 Summary of Executive Cash Compensation
 and Award Targets Under the Annual Incentive Plan

The following table sets forth the current base salaries provided for the Company’s CEO, CFO and three most highly compensated executive officers.  Salary increases are determined annually in March and effective April 1, 2014:

Executive Officers
 
Current Salary
 
 
 
 
Francis Malecha
 
$
740,000
 
Rodney Underdown
 
$
416,120
 
Robert Miller
 
$
300,000
 
Steve Berger
 
$
367,200
 
David Goadby
 
£
216,172
*
 
* Salary is denominated in pounds, so U.S. dollar equivalent may vary.

Executive officers are also eligible to receive a bonus each year under the Company’s Annual Incentive Plan.  The target percentages (based on percentage of salary) under this plan for the Company’s CEO, CFO and three most highly compensated executive officers are as shown in the following table.

Executive Officers
 
Target Percentage
 
 
 
 
Francis Malecha
   
100
%
Rodney Underdown
   
55
%
Robert Miller
   
55
%
Steve Berger
   
50
%
David Goadby
   
50
%