exhibit1012019stip






                                                                                       Exhibit 10.1 Short Term Incentive Program (STIP)             Plan Provision                                     Terms of the Plan Program Participation        . Section 16 Officers                              . All exempt, non-exempt and hourly employees eligible for variable compensation  Financial Objectives         . Corporate – Adjusted EBITDA, Cash Flow, Adjusted EPS                              . Division – Adjusted EBITDA, Cash Flow Non-Financial Objectives     . For both Corporate and Divisions includes Safety and Environmental objectives  Weighting                    . Corporate – Adjusted EBITDA (50%); Cash Flow (15%); Adjusted EPS (15%); Non-Financial (20%)                              . Divisions – Adjusted EBITDA (65%); Cash Flow 15%); Non-Financial (20%)  Target Setting               . Adjusted EBITDA Target set by averaging prior year actual performance and current year budget                              . Cash Flow Target is equal to current year budget                              . Adjusted EPS Target is set by averaging prior year actual performance and current year budget  Leverage                     . Threshold – 75%                              . Maximum – 125%                              . No individual award may exceed 200% of target (applies to all participants including Officers)  Financial Objectives Payouts . Financial Objectives – at Threshold payout is 50%;                               . Below Threshold payout is Zero.                               . If Adjusted EBITDA is less than Threshold, all financial payouts are discretionary                              . Payout at Maximum is 200%                              . Payouts scale down 2.0% for every 1% below target; Scale up 4.0% for every 1% above target  Non-Financial Objectives Payouts . Payout on achievement of Non-Financial Objectives is independent of performance on Financial                                Objectives.  





 






Short Term Incentive Program (STIP)  Financial Objectives Payout Scale (Example)                        Target Achievement                          Payout Percentage                               Below 75%                                      .    0%                                    75%                                      .   50%                                    80%                                      .   60%                                    85%                                      .   70%                                    90%                                      .   80%                                    95%                                      .   90%                                   100%                                      .100%                                   105%                                      .120%                                   110%                                      .140%                                   115%                                      .160%                                   120%                                      .180%                                   125%                                      .200%  Note:  This scale will be applied to each financial objective independently. However, if Adjusted EBITDA is less than   Threshold (75% of Target), then all financial payouts are discretionary with the Compensation Committee.