Tucows 2015 Annual Report Download - page 140

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Our Corporate Governance, Nominating and Compensation Committee met in February 2016 and determined
the achievement of the financial objectives applicable under the management incentive compensation plan for 2015 had
been achieved. As the Company exceeded its adjusted EBITDA targets for the fiscal year ended December 31, 2015,
the Corporate Governance, Nominating and Compensation Committee assessed that 100% of the incentive bonuses for
all our NEO’s was payable. With the exception of Mr. Goldstein, who earned 79% of his targeted bonus, all other
bonuses were assessed at 100% of target.
In connection with the Corporate Governance, Nominating and Compensation Committee’s annual review
process, the Committee also approved a new set of performance goals under our management incentive compensation
plan for Fiscal 2016 and increased the incentive bonus target opportunity for our NEOs by 3% largely to maintain the
incentive bonus at the same percentage of base salary.
The table below summarizes the 2016 incentive bonus opportunities for our NEOs.
Named Officer Target incentive Bonus Opportunity Basis for Target incentive Bonus
Elliot Noss $140,934 100% Corporate adjusted EBITDA
Michael Cooperman $92,850 100% Corporate adjusted EBITDA
David Woroch $96,996 100% Wholesale Domain Services targets
Kenneth Schafer $46,424 100% Corporate adjusted EBITDA
Michael Goldstein $30,662 25% Corporate adjusted EBITDA, 75% Ting
specific objectives
(1) All dollar amounts are shown in U.S. dollars. Amounts payable in Canadian dollars have been converted into U.S.
dollars based upon the exchange rate of 1.384 Canadian dollars for each U.S. dollar, the Bank of Canada exchange rate as
at December 31, 2015.
78
(1)
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