MM/DD/YYYY
Fiscal 202_
Annual Executive Short Term Incentive Plan (STIP)
[Last Name], [First Name] - TARGETS
Below is a summary of your compensation targets for FY 202_.
Annual Base |
$______ |
STIP Target % Base |
___% |
STIP Target $ |
$______ |
Total Cash @ Target |
$______ |
STIP is designed to provide incentive payouts based on the attainment of stated financial performance targets over the fiscal year. The STIP award incorporates both an earnings (EBITDA) and return on assets (Adjusted ROA)component. For Corporate employees, 50% of the award is allocated to corporate EBITDA and 50% is allocated to corporate Adjusted ROA. For business segment employees, 20% of the award is allocated to corporate EBITDA, 50% is allocated to business segment EBITDA, and 30% is allocated to business segment Adjusted ROA. The table below details the threshold, target and maximum performance levels for each of these metrics for the performance period of June 1, 202_ to May 31, 202_.
Performance Metric |
Weighting |
Threshold |
Target |
Maximum |
|
|
|
|
|
WE EBITDA |
__% |
$______ |
$______ |
$_____ |
WE Adjusted ROA |
__% |
___% |
___% |
___% |
Segment EBITDA |
__% |
$______ |
$______ |
$_____ |
Segment Adjusted ROA |
__% |
___% |
___% |
___% |
Performance Metrics in 000’s except Adj. ROA
Notes:
If you have any questions, please contact ________________.