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2009 Qwest Management Bonus Plan Summary

Executive Compensation Plan Agreement

2009 Qwest Management Bonus Plan Summary | Document Parties: QWEST COMMUNICATIONS INTERNATIONAL INC You are currently viewing:
This Executive Compensation Plan Agreement involves

QWEST COMMUNICATIONS INTERNATIONAL INC

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Title: 2009 Qwest Management Bonus Plan Summary
Date: 2/10/2009
Industry: Communications Services     Sector: Services

2009 Qwest Management Bonus Plan Summary, Parties: qwest communications international inc
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Exhibit 10.1

 

2009 Qwest Management Bonus Plan Summary

 

Purpose

 

Qwest Communications International Inc.’s compensation philosophy is to pay for performance.  The purpose of this bonus plan is to tie a portion of each participant’s compensation to corporate goals and individual achievements.

 

Eligibility

 

Except as set forth below, all Qwest management employees in non-sales-commissioned positions who are on the payroll during 2009 and who remain on the payroll until the “close date”, two weeks prior to the  bonus pay out date,  are eligible to participate in the 2009 Qwest Management Bonus Plan.  If a 2009 bonus is paid, the bonus payout is expected to occur during the first quarter of 2010.

 

Employees are ineligible for a bonus if their employment terminates, either voluntarily or involuntarily, prior to the bonus program close date; if they are hired after September 30, 2009; if they are on other incentive plans (e.g., sales compensation plans); if they are rated “Unacceptable” by their supervisor or, in the discretion of the supervisor, their performance and/or behavior does not warrant a payout. In addition, occupational employees, interns, contract employees and temporary employees are ineligible for a bonus.

 

Bonus Target Percentages

 

The target percentage used to calculate the bonus is expressed as a percentage of base salary. The target percentage varies based on an employee’s job responsibility and impact on the business.

 

Bonus Calculation

 

The bonus payment is based on three measures: Corporate Performance, Business Unit Performance, and Individual Performance and will be scored between 0% -150% for each of the performance measures described below.

 

1)              Corporate Performance (60% for all employees)

Corporate Performance is determined by the weighted average of the following:

 

Revenue (total company)  (20%)

EBITDA (total company)  (30%)

Cash Flow (total company)  (30%)

Imperatives (total company)  (20%)

 

2)              Business Unit Performance (40% for all employees)

 

a.                Revenue Generating Bu


 
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