Earthlink 2008 Annual Report Download - page 194

“ Revenues ” means revenues as reported on the Company’s financial statements filed with the Securities and Exchange Commission.
“ Target Aggregate Bonus ” means the Bonus Award that would be earned if the Participant’s Performance Bonus Multiplier were one
hundred percent (100%).
“ Target Bonus Percent ” means the percent of the Participant’s Compensation that will be earned as a Performance Bonus where the
Corporate Performance Objectives that are achieved for the Bonus Period result in a Performance Bonus Multiplier of one hundred percent
(100%). The Target Bonus Percent for each Participant’s position shall be established by the Committee.
3.
ADMINISTRATION OF THE PLAN
3.1
Administration of the Plan . The Committee shall be the sole administrator of the Plan and shall have full authority to
formulate adjustments and make interpretations under the Plan as it deems appropriate. The Committee shall also be empowered to make any
and all of the determinations not herein specifically authorized which may be necessary or desirable for the effective administration of the Plan.
Any decision or interpretation of any provision of this Plan adopted by the Committee shall be final and conclusive. Benefits under this Plan
shall be paid only if the Committee determines, in its sole discretion, that the Participant or Beneficiary is entitled to them. None of the members
of the Committee shall be liable for any act done or not done in good faith with respect to this Plan. The Company shall bear all expenses of
administering this Plan.
4. ELIGIBILITY
4.1
Establishing Participation . The Committee shall select each Employee who shall participate in the Plan for each Bonus
Period by name, position or zone within the Career Band System. The Committee shall retain the discretion to name as a Participant any
Employee hired or promoted after the commencement of the Bonus Period.
5. AMOUNT OF BONUS AWARDS
5.1
Establishment of Bonuses .
(a) Initial Determinations . For each Bonus Period, the Committee shall establish generally for each Participant the
Target Bonus Percent and the Performance Bonus Multiplier that will apply with respect to the designated levels of achievement of the
Corporate Performance Objectives. The Performance Bonus Multiplier for each Participant will be based on the achievement of such Corporate
Performance Objectives as the Committee shall designate, which may include the achievement of one or more Corporate Performance
Objectives or any combination of Corporate Performance Objectives as the Committee may select.
(b) Performance Objectives . For each Bonus Period, the Committee shall establish the Corporate Performance
Objectives that must be achieved to determine each Participant’s Performance Bonus Multiplier for the Bonus Period. To the extent the
Corporate Performance Objectives are not achieved, the Performance Bonus Multiplier shall be zero (0). The
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