Document:

exhibit101.htm

    
      

    

    Exhibit
10.1

    
      Covenant
Transportation Group, Inc.

      2008
Named Executive Officer Bonus Program

      

      Pursuant
to the Covenant Transportation Group, Inc. 2006 Omnibus Incentive Plan (the
"Plan"), on April 9, 2008, the Compensation Committee of the Board of Directors
(the "Committee") of Covenant Transportation Group, Inc., a Nevada corporation
(the "Company") approved the key terms of the Company's 2008 Bonus Program (the
"Program"). The disclosures discussed in this Exhibit were previously filed on
Form 8-K on April 15, 2008.

      

      As set
forth in the Plan, which was approved by the Company's stockholders at the 2006
annual meeting of stockholders, the Committee may choose from a range of defined
performance measures.  The Committee approved performance-based bonus
opportunities, approved under the Plan, pursuant to which each of the Company's
Chief Executive Officer, the person performing the function of principal
financial officer, and the Company's four other most highly compensated
executive officers for the year ended December 31, 2007 (the "Named Executive
Officers"), other than Messrs. Micky Miller and Michael Miller, is eligible to
receive a bonus of up to 50% of his 2008 base salary based upon the Company's
achievement of certain performance targets.  No performance-based
opportunity was considered for Mr. Micky Miller and Mr. Michael Miller retired
from the Company in August 2007.  Each Named Executive Officer must
accept at least 25% of his bonus for 2008, if any, in the form of Class A common
stock under the Plan and may choose to receive up to 100% of the bonus in Class
A common stock under the Plan.  As in 2007, the percentage of salary
assigned to each Named Executive Officer is based on the Committee's evaluation
of (i) the magnitude of each Named Executive Officer's ability to impact
corporate performance based on the executive's responsibilities at the time the
targets were set, (ii) the composition of each Named Executive Officer's
total compensation package, and (iii) the Company's long-term financial
goals.

      

      In
connection with the 2008 performance-based bonus opportunities described above
and for each of the Named Executive Officers who have a performance-based bonus
opportunity, other than Tony Smith, President of Southern Refrigerated
Transport, Inc. ("SRT") and Jim Brower, President of Star Transportation, Inc.
("Star"), whose bonus targets are provided below, the Committee set performance
targets related to the Company having consolidated operating income of
$16,187,000 and a consolidated operating ratio of 97.5% for 2008.  As
with the performance targets for 2007, the Committee also created specific
parameters for awarding bonuses within certain incremental ranges of achievement
of the performance targets, subject to upward or downward adjustment in defined
circumstances.  The applicable percentage of the achieved performance
target is then multiplied by the Named Executive Officer's target bonus (50% of
the Named Executive Officer's base salary) to determine the Named Executive
Officer's bonus. The following table sets forth a summary of the incremental
levels of achievement of the performance targets and the related percentage of
the potential bonus associated with such achievement.

      

      

      
        	
                2008
      Incremental Ranges of Performance Targets

              
	
                Consolidated

                Operating
      Income

                ($)

                (000s)

              	 
      	
                Consolidated

                Operating
      Ratio

                (%)

              	 
      	
                %
      of Bonus

                Opportunity

                Paid
      as Bonus

                (%)

              
	
                7,515

              	 
      	
                98.8

              	 
      	
                25.0

              
	
                10,168

              	 
      	
                98.4

              	 
      	
                50.0

              
	
                12,951

              	 
      	
                98.0

              	 
      	
                75.0

              
	
                16,187

              	 
      	
                97.5

              	 
      	
                100.0

              
	
                19,422

              	 
      	
                97.5

              	 
      	
                125.0

              
	
                22,658

              	 
      	
                97.5

              	 
      	
                150.0

              

      

      

      For Mr.
Smith, the Committee set performance targets, of which 10% were related to the
consolidated performance targets set forth above and 90% were related to SRT
having operating income of $8,492,000 and an operating ratio of 93.0% for
2008.  As with the performance targets for the other Named Executive
Officers, the Committee also created specific parameters for awarding a bonus to
Mr. Smith within certain incremental ranges of achievement of the performance
targets, subject to upward or downward adjustment in defined
circumstances.  The following table sets forth, with respect to Mr.
Smith, a summary of the incremental levels of achievement of the performance
targets and the related percentage of the potential bonus associated with such
achievement.

      

      
        	
                2008
      Incremental Ranges of Performance Targets

              
	
                Operating
      

                Income

                ($)

                (000s)

              	 
      	
                Operating
      Ratio

                (%)

              	 
      	
                %
      of Bonus 

                Opportunity
      

                Paid
      as Bonus

                (%)

              
	
                6,879

              	 
      	
                94.3

              	 
      	
                25.0

              
	
                7,364

              	 
      	
                93.9

              	 
      	
                50.0

              
	
                7,886

              	 
      	
                93.5

              	 
      	
                75.0

              
	
                8,492

              	 
      	
                93.0

              	 
      	
                100.0

              
	
                9,099

              	 
      	
                93.0

              	 
      	
                125.0

              
	
                9,706

              	 
      	
                93.0

              	 
      	
                150.0

              

      

       

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      
 

      For Mr.
Brower, the Committee set performance targets, of which 10% were related to the
consolidated performance targets set forth above and 90% were related to Star
having operating income of $2,527,000 and an operating ratio of 97.0% for
2008.  As with the performance targets for the other Named Executive
Officers, the Committee also created specific parameters for awarding a bonus to
Mr. Brower within certain incremental ranges of achievement of the performance
targets, subject to upward or downward adjustment in defined
circumstances.  The following table sets forth, with respect to Mr.
Brower, a summary of the incremental levels of achievement of the performance
targets and the related percentage of the potential bonus associated with such
achievement.

      

      
        	
                2008
      Incremental Ranges of Performance Targets

              
	
                Operating
      

                Income

                ($)

                (000s)

              	 
      	
                Operating
      Ratio

                (%)

              	 
      	
                %
      of Bonus

                 Opportunity

                 Paid
      as Bonus

                (%)

              
	
                1,399

              	 
      	
                98.3

              	 
      	
                25.0

              
	
                1,744

              	 
      	
                97.9

              	 
      	
                50.0

              
	
                2,106

              	 
      	
                97.5

              	 
      	
                75.0

              
	
                2,527

              	 
      	
                97.0

              	 
      	
                100.0

              
	
                2,949

              	 
      	
                97.0

              	 
      	
                125.0

              
	
                3,370

              	 
      	
                97.0

              	 
      	
                150.0

              

      

      

      The
Committee believes that the performance targets represent aggressive, yet
achievable goals for the Named Executive Officers to earn 100% of the eligible
bonus amount.

    

    Back to Form 10-QEXHIBIT 10.2

                        Extension of Employment Agreement
                        ---------------------------------

This Extension (this "Extension") is made and entered into as of February 7,
2008 (the "Effective Date") by and between Centrue Financial Corporation, Inc.,
a Delaware corporation (the "Employer"), and Roger D. Dotson (the "Executive").

         This Extension constitutes an amendment to Employment Agreement between
the Executive and Employer dated January 1, 2007 (the "Agreement"). Except as
indicated otherwise below, the terms of the Agreement shall remain in effect and
the Term of the Agreement as described in Section 1 of the Agreement is extended
for a period of one (1) year beginning January 31, 2008 and ending January 31,
2009, upon execution of this document by both parties.

         Section 3(a) of the Agreement is hereby amended to provide as follows:

         (a). Effective January 1, 2008, the Executive shall receive an
         aggregate annual minimum Base Salary of $150,000 payable in
         installments in accordance with the regular payroll schedule of the
         Bank ("Base Salary"). Such Base Salary shall be subject to review
         annually commencing in 2008 and shall be maintained or increased during
         the term of this Agreement in accordance with the Employer's
         established management compensation policies and plans.

IN WITNESS WHEREOF, the parties have executed this Extension as of the date
first above written.

CENTRUE FINANCIAL CORPORATION               ROGER D. DOTSON

By:  /s/ THOMAS A. DAIBER                  /s/ ROGER D. DOTSON
     -----------------------------         -------------------------------------
        Its:   President & CEO
             ---------------------                       -----------------------

                                                         -----------------------
                                                         Address

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