Georgia | 0-28000 | 58-2213805 | ||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
600 Galleria Parkway, Suite 100 | ||||
Atlanta, Georgia | 30339 | |||
(Address of Principal Executive Offices) | (Zip Code) |
| The overall bonus pool under the 2010 bonus plan will be established based on the Companys achieving a percentage of the target level of revenue established by the Compensation Committee for 2010. No amounts will be contributed to the bonus pool and no bonuses will be paid under the 2010 bonus plan unless the Company achieves a minimum level of adjusted EBITDA for 2010. | ||
| Target and maximum bonus amounts for each named executive officer under the 2010 bonus plan are established in accordance with the officers employment agreement. | ||
| Actual bonus payments to named executive officers under the 2010 bonus plan will be based (a) for all named executive officers other than those officers that are responsible for a service line within the Company, 70% on the Companys 2010 revenue performance, (b) for those officers that are responsible for a service line within the Company, 30% on the Companys 2010 revenue and adjusted EBITDA performance and 40% on the 2010 revenue and adjusted EBITDA performance of the applicable service line, and (c) 30% on the achievement of individual performance objectives as approved by the Compensation Committee. |
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PRGX Global, Inc. |
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By: | /s/ Victor A. Allums | |||
Victor A. Allums | ||||
Senior Vice President, Secretary and General Counsel | ||||