Summary of the 2011 Bonus Plan (March 1st, 2011)
A bonus pool has been set for achievement of various levels of 2011 consolidated adjusted EBITDA set by the Compensation Committee. The target payouts (as a percentage of 2011 base compensation) and performance targets under the 2011 Bonus Plan for the bonus pool in which the named executive officers (other than Mr. Jacquay) participate are as follows:
First Amendment to Employment Agreement (January 28th, 2011)
This Amendment to the Employment Agreement, effective as of September 2, 2008 (the "Employment Agreement"), by and between AboveNet, Inc. (the "Company") and John Jacquay (the "Employee") is effective as of January 25, 2011 (this "Amendment").
Summary of 2009 Bonus Plan (March 16th, 2009)
On February 12, 2009, the Compensation Committee of the Board of Directors of AboveNet, Inc., a Delaware corporation (the "Company"), approved the Company's 2009 Bonus Plan (the "2009 Bonus Plan"). The 2009 Bonus Plan provides for the creation of an employee bonus pool based on the achievement in 2009 of certain adjusted U.S. EBITDA (domestic net earnings before interest, taxes, depreciation and amortization, adjusted for certain non-recurring, non-operational and non-cash items) targets established by the Compensation Committee. Bonus payments to employees from the bonus pool are generally discretionary except that in accordance with their employment agreements, each of the President and Chief Executive Officer William LaPerch, the Senior Vice President and Chief Financial Officer Joseph Ciavarella, the Senior Vice President and Chief Technology Officer Rajiv Datta, the Senior Vice President for Operations Douglas Jendras and the Senior Vice President and General Counsel Robert Soko
Stock Unit Agreement (September 30th, 2008)
STOCK UNIT AGREEMENT ("Agreement") effective as of September 8, 2008 ("Grant Date"), by and between AboveNet, Inc. (the "Company") and John Jacquay (the "Participant").