Exhibit 10.3
Dominion Homes, Inc.
2006 Incentive Compensation Program
William G. Cornely, Senior Vice President of Finance and CFO
Net Income (40% of Total)
Goal | Award | ||
Target | $ | 30,000 | |
Stretch | $ | 75,000 | |
Exceptional | $ | 125,000 |
Corporate Debt Management (40% of Total)
Goal | Award | ||
100% of Target Debt Reduction | $ | 30,000 | |
133% of Target Debt Reduction | $ | 75,000 | |
166% of Target Debt Reduction | $ | 125,000 |
Customer Satisfaction (20% of Total)
Goal | Award | ||
94% | $ | 15,000 | |
95% | $ | 37,500 | |
96% | $ | 62,500 |
Mr. Cornely will be entitled to receive a guaranteed minimum bonus for 2006 of $100,000.