Form: 8-K

Current report filing

April 12, 2007

 

         
Exhibit 10.1
                                         
            Bonus Levels as % of Base Salary
    2007                
    Base   50%   80%   100%   120%
Name and Title   Salary   of Target(1)   of Target   of Target   of Target(2)
 
                                       
Kenton K. Alder
CEO
  $ 520,000       10 %     35 %     70 %     149 %
 
                                       
Steven W. Richards
CFO
  $ 270,000       10 %     27.5 %     55 %     116 %
 
                                       
Doug Soder
EVP
  $ 330,000       10 %     27.5 %     55 %     116 %
 
                                       
Shane Whiteside
COO
  $ 320,000       10 %     27.5 %     55 %     116 %
 
                                       
O. Clay Swain
Sr. V.P. — Marketing
  $ 195,000       10 %     27.5 %     55 %     116 %
 
(1)   Represents percentage of 2007 base salary that executive will receive (assuming applicable individual performance goals are met and discretionary portion is paid in full) if TTM achieves 50% of the operating income target established by TTM’s Board. Bonuses will not be earned if operating income is less than 50% of the target.
 
(2)   Represents maximum potential bonus payout.