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VLG » Topics » Merit Bonus Program

This excerpt taken from the VLG DEF 14A filed Oct 2, 2006.
Merit Bonus Program
 
The Nominating and Compensation Committee intends to adopt management incentive plans each year for the executive officers, which reflect the committee’s belief that a portion of each executive officer’s compensation should be tied to the achievement by the Company of its revenue and profit goals and balance sheet performance objectives, and by each executive officer of his individual objectives as determined by the Nominating and Compensation Committee. Bonus payments would then be made to executive officers if the individual and corporate goals are achieved.
 
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