bonus compensation for 2019 shall be 50% of salary. 75% of the on-target bonus will be a cash component based upon the percentage
of 2019 budgeted EBITDA achieved. 25% of the on-target bonus will be a discretionary award of Restricted Stock Units (RSUs) from
the 2015 Omnibus Incentive Plan, as amended, based on the percentage completion of the targets listed in Appendix A.
the avoidance of doubt, if the on-target bonus were $75,000, and all targets are achieved, then:
would be the cash component
would be the value of the RSUs awarded
percentage payout for the cash component will be based on the percentage of EBITDA target achieved in the following table:
EBITDA Positive in Q4 2019
EBITDA targets are net of the bonus expense.
The EBITDA will be determined
by Management as part of the 2019 year-end close with final determination to be made
by the Board
bonus amount will be confirmed by the board no later than the March 2020 Board meeting, payable on the next payroll date.
executive team member must be an active employee on the date of payment in order to receive the bonus
Inc – Company Confidential
company-wide review process to be completed no later than September 30 2019
document detailing expansion plans, acquisition targets growth initiatives for 2019 and beyond delivered to Board by the June
First Wednesday meeting.
closed and paying at least contracted monthly minimum by June 30, 2019 and either of Capital One or Synchrony closed and paying
contract minimum by September 30 2019