Fiscal 2005 Executive Annual Incentive PlanExecutive Compensation Plan Agreement |
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PLATO LEARNING INC. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Search Executive Compensation Plan Agreement by:
PLATO
Learning, Inc.
Fiscal
2005 Executive Annual Incentive Plan
Objectives: The Fiscal 2005 Executive Annual Incentive Plan is a
reward program that directly supports the achievement of financial goals and
key strategic operational goals.
Eligibility: Employees in the named jobs are eligible to be considered for participation in the Plan: President & CEO; Chief Financial Officer; Chief Technology Officer; Sr. Vice President Operations; Vice President, Human Resources; Vice President, School Market and Evaluation; and Vice President, Instructional Design and Research. The Company reserves the right to determine whether an executive will actually participate in the Plan. Eligible employees will receive a notification letter indicating they are eligible to participate in the Plan.
Performance Measures: Payment will be based on the level of achievement of the financial goals and operational goals shown in this table.
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Weighting |
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Financial Goals |
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1. Pre-tax earnings – Target[x] 1 |
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70 |
% |
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Sub total |
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70 |
% |
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Operational Goals2: |
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1. Restructure the business to reduce SG&A costs [x]3 |
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10 |
% |
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2. Complete the 3 year growth plan [x] |
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5 |
% |
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3. Increase the growth rate of the elementary market [x]4 |
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5 |
% |
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4. Improve cost/development scheduling and market acceptance of products and services[x] |
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