Exhibit 10.3
AMENDED GUIDELINES AND PROCEDURES
FOR
TDS OFFICER
BONUSES
Starting with the 2009 performance year, sixty
percent (60%) of each officer’s bonus will be determined by
his/her assessed performance. The remaining forty percent (40%)
will be based on the business units’ financial results, as
determined by their performance on meeting the targets contained in
their approved senior management bonus programs for the performance
year.
INDIVIDUAL PERFORMANCE BONUS (60% OF THE TARGET
VALUE):
·
Decision Making
Components:
The supervising officer will take
into consideration the following factors:
·
The officer’s overall
performance for the year, to include:
·
His/her assessed
performance in carrying out his/her ongoing duties and
responsibilities, and all major initiatives for the year, including
those that arose during the performance year.
·
Interrelated with
the above, the performance feedback received from the
officer’s direct reports/key associates.
·
Such additional
factors as may be pertinent with respect to any particular
officer’s performance during the year. They could include
such things as new and substantive responsibilities assumed during
the year; the caliber of the executive’s leadership and
development of his/her team, and overall supervisory performance;
and the development and maintenance of effective working
relationships with key associates, as well as across the enterprise
and at all organizational levels.
·
As applicable, the executive’s
level of pay in comparison with those holding similar positions in
companies of comparable size across American industry will be taken
into consideration in determining his/her total compensation for
the year (salary and bonus).
·
Rating Procedure:
An officer’s bonus for
individual performance will be determined in accordance with the
following rating system:
|
Performance
Category
|
|
Bonus as a % of
Target Bonus
|
|
Far exceeds reasonable performance
standards.
|
|
140% - 170%
|
|
Significantly exceeds reasonable performance
standards.
|
|
100% - 140%
|
|
Meets/Almost meets reasonable performance
standards.
|
|
80% - 110%
|
|
Significantly below reasonable performance
standards.
|
|
0% - 80%
|