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Exhibit 10.1
Ballantyne of
Omaha, Inc.
Short-Term Incentive
Plan
Fiscal Year 2009
The Short-Term Incentive Plan was
developed in conjunction with our compensation consultants,
Compensation Strategies. The Short-Term Incentive Plan is
designed to reward key members of management for their collective
and individual performance during the film exhibition
industry’s transition to full-scale adoption of digital
projection. The Compensation Committee reserves the
right to pay any award earned under this Plan in cash, restricted
stock or a combination of cash and restricted stock; the cash and
restricted stock composition of any award is at the sole discretion
of the Compensation Committee. Participants must be employed
by Ballantyne of Omaha, Inc. through December 31, 2009 in
order to receive any award under this Plan.
1.
Market competitive target award
percentages of base salary are established for the following
positions:
|
CEO
|
|
50
|
%
|
|
SVP Sales
|
|
35
|
%
|
|
CFO
|
|
35
|
%
|
|
VP Operations
|
|
35
|
%
|
|
Other Key Management
|
|
25
|
%
|
2.
The following “Universal
Goals” apply to each of the plan’s participants.
These goals comprise 90% of the targeted
award.
a.
Fiscal year 2009 con
|
