FairPoint Communications 2009 Annual Report Download - page 183

Table of Contents
We have not disclosed specific financial targets and metrics above as we believe this information would give our competition insight into key
market dynamics and could cause us competitive harm.
Mr. Hauser, who commenced employment on July 1, 2009, did not participate in the Annual Incentive Plan in 2009. The terms of Mr. Hauser's
incentive compensation were negotiated in connection with his employment and are explained below.
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Lisa R. Hood Senior Vice
President
and
Controller
(3)
40% (i) 20%—FairPoint improving its internal controls for inventory and supply chain by a
specified date; (ii) 20%—FairPoint improving its monthly reporting process by a specified
date; (iii) 15%—FairPoint achieving all major milestones under the installation schedule for its
Next Generation Network by a specified date; (iv) 15%—FairPoint achieving a specified year-
end broadband penetration target; (v) 15%—FairPoint increasing its net new commercial and
wholesale sales revenue by a specified amount during 2009; (vi) 10%—facilitating the
completion of FairPoint's 2010 budget by a specified date; and (vii) 5%—promoting workers'
safety and reducing FairPoint's recordable accident rate.
(1) Mr. Johnson resigned as Chairman and Chief Executive Officer effective June 30, 2009.
(2) Mr. Giammarino resigned as Executive Vice President and Chief Financial officer effective March 30, 2010.
(3) On March 31, 2010, Ms. Hood was appointed as the Company's Chief Financial Officer and principal financial officer on an interim basis.