FairPoint Communications 2009 Annual Report Download - page 180

Table of Contents
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The compensation committee established the 2009 target bonuses and related performance goals for certain members of our senior management
under the FairPoint Communications, Inc. Annual Incentive Plan, or the Annual Incentive Plan, on March 3, 2009.
Below is a chart that identifies the target bonus for each NEO who was eligible to participate in the Annual Incentive Plan in 2009 and the
performance criteria used to evaluate the NEO's performance. The performance criteria were weighted as indicated. The Company was required to
achieve a threshold level of adjusted EBITDA before any amounts would be paid under the Annual Incentive Plan. The Company did not achieve the
threshold adjusted EBITDA level and, accordingly, no annual incentive awards were paid for 2009.
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Eugene B. Johnson Chief Executive Officer (1)
100%
(i) 25%—FairPoint achieving all major milestones under the installation
schedule for its Next Generation Network by a specified date; (ii) 25%
—FairPoint achieving a specified year-end broadband penetration target;
(iii) 25%—FairPoint increasing its net new commercial and wholesale sales
revenue by a specified amount during 2009; (iv) 20%—FairPoint reducing
its debt by a specified amount during 2009; and (v) 5%—promoting workers'
safety and reducing FairPoint's recordable accident rate.