Audiovox 2011 Annual Report Download - page 383

Exhibit B
Bonus Criteria
1. EBITDA Goal for July 1, 2010 through June 30, 2011 is $27,143,000 (weighted 60%).
2. Senior Management FY11 Objectives (weighted 40%)
a. The Company will be on target to complete by September 30, 2011 the Navision 2009 ERP installation to include Europe and Asia so
that the Company is operating off a single global system for FY12.
b. Complete the installation of Shopatron to complete the upgrade of the Company's capability to increase direct sales to consumers and
implement a more aggressive web marketing effort.
c. Continue the execution of the Forte logistics study to include outsourcing of domestic freight management, reduction of inventory in
both America and European warehouses and potentially opening an additional warehouse on the U.S. east coast.
d. Complete a three year strategic plan that specifically details the following:
i. A product and technology position paper identifying potential changes, direction and internal gaps if they exist.
ii. Updated brand, marketing and product strategy by brand and by category.
iii. A non U.S. growth plan by major market that ultimately transitions the revenue balance 60/40 US vs. ROW in fiscal 2011
to 50/50 by 2014. This growth has to come from ROW.
e. Continue successful operation of the Company while completing the process of closing with a new investor for the Company.
13