GVHR » Topics » Short-Term Annual Incentive

This excerpt taken from the GVHR 8-K filed Feb 23, 2009.

Short-Term Annual Incentive

 

For Messrs. Benz, Hardee, Hightower and Welsh, the short-term (cash) incentive award will be determined using a weighting of 66.7% company performance metrics: comprised of earnings per share (weighted 50%) and net operating income (weighted 50%). The remaining 33.3% of the award opportunity will be determined at the sole discretion of the Committee taking into account the performance of each individual’s business unit as well as the overall performance of the Company. At target, the total short-term incentive award opportunity will be equivalent to 66.7% of annualized base pay for Messrs. Benz, Hightower and Welsh and 80% of annualized base pay for Mr. Hardee.

 

This excerpt taken from the GVHR 8-K filed Apr 5, 2007.

Short-Term Annual Incentive

 

For each named executive officer other than the CEO, the short-term (cash) incentive award will be determined using a weighting of 66.7% company performance metrics: comprised of earnings per share (weighted 50%), professional service fees (weighted 25%) and worksite employees (weighted 25%). The remaining 33.3% of the award opportunity will be determined at the sole discretion of the Committee taking into account the performance of each individual’s business unit. At target, the total short-term incentive award opportunity will be equivalent to 66.7% of annualized base pay for Clifford M. Sladnick, Michael J. Collins and Paul E. Benz; for Peter C. Grabowski, the short-term incentive at target will be equivalent to 80% of annualized base pay.

 

EXCERPTS ON THIS PAGE:

8-K
Feb 23, 2009
8-K
Apr 5, 2007
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