Mirant (MIR)

2008 Target Incentive Amounts

Under our short-term incentive plan, annual cash bonuses are awarded taking into account an individual’s “target bonus percentage” (a percentage of such participant’s base salary), our performance against established financial, operational and strategic goals (referred to as the “corporate payout factor”), and individual performance. The target bonus percentages for our named executive officers are set forth in their employment agreements. The target percentages and equivalent dollar amounts in 2008 are shown below. The target percentages did not change compared to 2007.

2007 Target Incentive Amounts

Under our short-term incentive plan, annual cash bonuses are awarded taking into account an individual’s “target bonus percentage” (a percentage of such participant’s base salary), the Company’s performance against established financial, operational and strategic goals (referred to as the “corporate payout factor”), and individual performance. The target bonus percentages for our named executive officers are set forth in their employment agreements. For 2006 and 2007, those target percentages were as follows: