EX-10.1
Published on 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 TTMs Board. Bonuses will not be earned if operating income is less than 50% of the target. | |
| (2) | Represents maximum potential bonus payout. |