Exhibit 10.3

 


	

    	
MasterCraft   FY2014 Managemen t ncentive P an $860,101 TotalBonus POOl= M1nlf'nUmEBITDA   must be actueved before any Bonus payouts are made PoolOrSinbutiOn <see attached   TotalComo wor1tsheetl: KPOS and assocai ted payouts per attaChed   wor1tSheets;KPOS are paid out based on auainment of 1ndividua1 KPOs and do   not scale w1th EBITOA EBITOA and Cash Flow are calculated after totalbonus   (Plan is self funding) EBITOA Meine EBITOA = EBITOA as def111ed per 600 S   12.169,000 S 14,340,000 Mon.mumEBITOA• Target EBITDA = Payout percentages per   SChedule below. w1th mtenm amounts 111terpolated on a stra.ght hne basis   Above Target payout percentages based on raho per schedule between   "Targetand High",interpolated on a straight-line basis up to a ma   x•mum payout of 200% Cash Flow Metric CASH FLOW = cash flow before finanCing   acUv.t.es MIRiffiYm CF = S 7.657,650 S 9,009,000 Target CF = Payout   percentages per SChedule belOw,w1th mterim amounts tei"PP'ated on a   stra.ght-bne baSIS Above Target payout percentages based on ratiO per   schedule between "Target" and .gh".interpolated on a   straight-line baSIS up to a maXJmum payout of 200% EBITOA Incremental   Incremental Bonus/Increment %of EBITDA EBITOA berore EBITOA TarQet EBITOA   bOnus Bonus Bonus Award % Bonus SS al EBITOA 65.0% s 12,339,518 s 50.0% s   (150,516) M1n1mum $ 12,189,000 12.659,109 13.529.217 14,340,000 16.633.696   18,927,396 21,510,000 150,518 197.409 244,300 301,035 397,337 493,639 602.071   s s $ 69.7% s 13,056,516 s 65.6% s (103.626) (56,735) 6.54% 6.54% 6.54% 4.03%   4.03% 4.03% <··Enter actualCash Flow performance here 94.3% s 13,773.516 s   14,641,035 s 17,031,035 s 19.421,035 s 61.2% s 100.0% s 100.0% s <-Enter   actualEBITOA before all bonus accrual here Target 132.0% s s s $ s 116.0% s   132.0% s 150.0% s 150,4% s 96,302 192,604 301.035 164.0% s 200.0% s s s Honh   22.112,071 Actual 21.573,231 22,175,302 602,071 200.0% '-'- c r =>!!!.s:   -· n 5033-g CF Percent of Target Bonus SS FCF % of CF Target Bonus •'CD ,.. ,   a!<O a. u "'"0 95.0% s 63.3% s 6,556,550 250,663 (50.173) 11.14%   t:; "' "-lQ)CZ. w a 166.7% s 133.3% s 12,012,000 501.726 200.690   6.68% 0. ::;·'< mV> Actual s 20,136,000 223.5% $ 602,071 200 0% Actual   170.0% 170.0% 170.0% 170.0% TotalBonus Pool(incl. KPOs and QC - EBITOA vs.CF   EBITOA 14,340,000 12,189,000 12,859,109 13,529,217 16,633,698 18,927,396   21,510.000 605,957 656.130 706,302 756,475 656,620 957,165 1,057,510 652.848   703,021 753.194 603,366 903.711 1.004.056 1.104,402 709.563 759,756 609.929   860,101 960.446 1,060.791 1,161.137 605,665 656,058 906.230 956,403 1,056.748   1,157,093 1.257,438 902,167 952.360 1,002,532 1,052.705 1.153.050 1,010,619   1.060.791 1.110,964 1.161,137 1,261,482 1.361.827 1.253.395 1 .353.740 I r   1.462.1721 Represents max payout -> Represents payout at cut-in   (assuiTIIng full KPO attainment) 170.0% 559,066 609.236 659,411 709.563   609,929 910.274 1.010,619 Cash Flow 7,657,650 8,108,100 8.$56,550 9,009,000   10,510,500 12,012,000 13,513,500 EBITOA CF KPOs oc Total % ofTaraet $ 227,500   $ 73,500 $ 73,710 s 35.525 s 33,075 s 36.213 s 56,000 $ 11,900 $ 35.146 $ 17,500 227.500 73.500 73,710 35,525 33.075 36,213 56,000 11,900 35.146 17,500   97.500 31,500 31,590 15,225 14,175 16,377 24,000 5,100 15.063 5,250 s 552.500   s 176,500 5 179.010 s 66,275 s 60.325 s 92,603 s 136,000 s 26,900 s 65,359 5   40.250 170.0% 170.0% 170.0% 170.0% 170.0% 161.0% 602.071 602.071 255.760 s   1.459.922 1697% Cash Fol w =;t "' 0Incremental (0gIncrementalBonusJ1nct.   c Mmlmfll" :!. 7,657,65065.0% s 150,51650.0% s (150,516) 6.106,10090.0%   s 200.690 66.7% s (100.345)11.14% Te& !!_9,009,000100.0% s301,035100.0% s   11.14% g 5 '< 10,510.500116.7% s 401,361133.3% s 100,3456.66% Hogns   13,513,5001500% s 602.071200.0% s 301.0356.68% Bonus $$$'sat TarqetEBITOACF   KPOsTotal SalaryBonus % McNew Chinum Oxley Janosek Ekern K..land Povhn NelliS   Stanley Franklin Total2014 Bonus Poolat Target $ 113.750 $ 113.750 s 97.500   325,000 325,000 100.0% $ 36,750 $ 36,750 $ 31,500 105.000 210.000 50.0% s   36,655 s 36,655 s 31,590 105.300 210,600 50.0% s 17,763 s 17,763 s 15.225   50.750 145.000 35.0% s 16,538 s 16.538 s 14,175 47.250 135.000 35.0% s 19,107   s 19,107 s 16,377 54,590 .136,475 40.0% s 26,000 s 26,000 s 24.000 60.000   160.000 50.0% s 5.950 $ 5,950 $ 5,100 17,000 65.000 20.0% s 17,574 s 17,574 $ 15.063 50.211 125.526 40.0% $ 6.750 $ 6,750 $ 7,500 25.000 10C.OOO 25.0%   301.035301.035258,030860.1011.632.603 KPO% Ach. 100.0% 100.0% 100.0% 100.0%   100.0% 100.0% 100.0% 100.0% 100.0% 70.0% Actualperformance CFI 20.136,000   EBITOA before au bonus accrualI 23.035,403 ActualKPO payout258.030 ActualCF   payout602.071 EBITOA before EBITOA DOnus22.175,302