Document:

Management Bonus Program

 EXHIBIT 10.1 
  
 SONIC INNOVATIONS, INC. 
 MANAGEMENT
BONUS PROGRAM 
  
 The Management Bonus Program (“the Program”) is
designed to reward senior level managers for achieving specified Company performance goals and individual performance objectives. The Program’s objective is to motivate such senior level managers by providing an annual cash bonus opportunity.

  
 PROGRAM SUMMARY 
  
 The Compensation Committee of the Board of Directors administers the Program. Funding for
the Program is based on the performance of the Company for the year. Bonuses are calculated and distributed during the first quarter of the subsequent year, following audit of the Company’s full year results. 
  
 Bonuses are based on achievements of goals in three segments: the Company’s annual sales
goal, the Company’s annual earnings per share goal, and individual performance goals. The three segments, equally weighted at one-third each, are independent. Under-achievement in one of them may reduce that segment’s bonus to zero, but
would not affect the other two segments. Similarly, over-achievement in one segment may increase that portion of the bonus without affecting the other segments. 
  

TARGETS 
  
 Targets for sales and earnings per share will be based on the Company’s operating plan and will be approved by the Compensation Committee of the Board of Directors. 
  
 BONUS LEVELS FOR ACHIEVEMENT OF PLAN 
  
 A “base bonus” will be paid if the targets in the three segments are met. Base
bonus levels for participants may vary by title and position. A listing of participants and their base bonus levels is recommended annually by the Chief Executive Officer (“CEO”) and approved by the Compensation Committee of the Board of
Directors. Base salary means compensation paid during the Program year, excluding commissions, special awards and perquisites. 
  
 Actual sales and earnings per share will be as reflected in the Company’s audited financial statements. Participant’s objectives will be measurable,
quantifiable and agreed to beforehand. The CEO will make the final determination of the degree of achievement for the other executives, and the Chairman of the Board of Directors will make the determination for the CEO. 
  
 OVER-ACHIEVEMENT OF PLAN 
  
 If the sales and/or the earnings per share numbers are better than the “at target”
figures, the bonus for that segment will increase. Over-achievement of a participant’s individual goals may result in an increased bonus for that segment as well. 
  
 UNDER-ACHIEVEMENT OF PLAN 
  
 If the sales and/or the earnings per share numbers are worse than the “at target” figures, the bonus for that segment will decrease. There will be an
appropriate decrease in bonus for under-achievement in the individual objectives segment as well. Under-achievement in any one segment may not result in forfeiture of more than 33 1/3% of a participant’s base bonus. 
  
 ELIGIBILITY 
  
 Participation in the Bonus Program will be recommended by the CEO and approved by the Compensation Committee of the Board of Directors. New
employees hired during the year may be eligible to participate on a pro rata basis. Employees promoted during the year may be eligible to participate or participate at a higher award level, on a pro rata basis. 
  
 TERMINATION OF EMPLOYMENT 
  
 In the event that any participant shall cease to be a full-time employee during any year in
which he/she is participating in the Program, that participant will not be entitled to a bonus payment for that Program year. 
  

 AMENDMENT OF THE PROGRAM 
  

The Compensation Committee of the Board of Directors may, from time to time, make amendments to the Program, as it believes appropriate, and may terminate the Program
at any time. 
  
 MISCELLANEOUS 
  
 Nothing contained in the Program shall be construed to confer upon any participant any right
to continue in the employ of the Company or affect in any way the Company’s right to terminate a participant’s employment at any time. 
  
 SALES SEGMENT BONUS 
  
 The bonus for the segment measured by the Company’s net sales target will be 33 1/3% of the participant’s base bonus, adjusted for over/under-achievement per the schedule below: 
  

					
	 Net Sales

	  	% of Target

	 	% of Base Bonus

	 	  	<94%	 	No Bonus
	 -6%
	  	94%	 	3.3%
	 -5%
	  	95%	 	8.3%
	 -4%
	  	96%	 	13.3%
	 -3%
	  	97%	 	18.3%
	 -2%
	  	98%	 	23.3%
	 -1%
	  	99%	 	28.3%
	 Target
	  	100%	 	33.3%
	 1%
	  	101%	 	38.3%
	 2%
	  	102%	 	43.3%
	 3%
	  	103%	 	48.3%
	 4%
	  	104%	 	53.3%
	 5%
	  	105%	 	58.3%
	 No Limit
	  	 	 	No Limit

  
 For every 1% increase in sales above
target, the bonus increases by 5% of base bonus, without upper limit. For every 1% shortfall below target, the bonus decreases by 5% of base bonus, but below 94% of target it falls to zero. The bonus for this segment cannot be less than zero.

  
 EPS SEGMENT BONUS 
  
 The bonus for the segment measured by the Company’s earnings per share will be 33 1/3%
of the participant’s base bonus, adjusted for over/under-achievement per the schedule below: 
  

			
	 Earnings Per Share

	  	% of Base Bonus

	 -$0.07
	  	No Bonus
	 -$0.06
	  	3.3%
	 -$0.05
	  	8.3%
	 -$0.04
	  	13.3%
	 -$0.03
	  	18.3%
	 -$0.02
	  	23.3%
	 -$0.01
	  	28.3%
	 Target
	  	33.3%
	 $0.01
	  	38.3%
	 $0.02
	  	43.3%
	 $0.03
	  	48.3%
	 $0.04
	  	53.3%
	 No Limit
	  	No Limit

  
 For every $0.01 increase in earnings
per share above target, the bonus increases by 5% of base bonus, without upper limit. For every $0.01 shortfall below target, the bonus decreases by 5% of base bonus, but below $0.07 of targeted earnings per share the bonus falls to zero. The bonus
for this segment cannot be less than zero. 
  

 INDIVIDUAL PERFORMANCE SEGMENT 
  
 The CEO and each Program participant will mutually agree upon a set of objectives, whose accomplishment will determine the bonus level for
this segment: 
  

			
	 OBJECTIVE

	  	ACHIEVEMENT LEVEL (%)

	 1.
	  	 
	 2.
	  	 
	 3.
	  	 
	 4.
	  	 

  
 Under-achievement of objectives will
result in a reduction in bonus for this segment. Over-achievement should be rare, since the goals will be set high. Should over achievement occur, the bonus may increase. 
  
 If three objectives are used, 11.1% of the participant’s base bonus will be awarded for the achievement of each objective. If all three
objectives are achieved, the total award for this segment will be 33 1/3% of the participant’s base bonus. 
  
 If four objectives are used, 8.3% of the participant’s base bonus will be awarded for the achievement of each objective. If all four objectives are achieved, the
total award for this segment will be 33 1/3% of the participant’s base bonus. 
  
 Objectives approved:_______________________________________ 
  
 Chief
Executive Officer/Date 
  
 Achievement level
approved:_________________________________ 
  
 Chief Executive Officer/Date:Form of Class A Common Stock Certificate

 EXHIBIT 4.1 
  

							
	 	 	CLASS A COMMON STOCK	  	CLASS A COMMON STOCK	  	 
	 NUMBER

	 	 	  	 	  	SHARES

  
 LIBERMAN
BROADCASTING, INC. 
  

					
	 SEE REVERSE FOR OWNERSHIP LIMITATIONS
	  	INCORPORATED UNDER THE LAW OF THE STATE OF DELAWARE	  	SEE REVERSE FOR CERTAIN DEFINITIONS
	 	  	 	  	CUSIP
                                

  
 This certifies that 
  
 [NAME OF STOCKHOLDER] 
  
 is the owner of 
  
 FULLY PAID AND NON-ASSESSABLE SHARES OF CLASS A COMMON STOCK, OF THE PAR VALUE OF $.001 EACH, OF 
  
 LIBERMAN BROADCASTING, INC. 
  
 transferable on the books of the Corporation by the owner in person or by duly authorized
attorney upon surrender of this certificate properly endorsed. This certificate and the shares represented hereby are issued and shall be held subject to all the provisions of the Restated Certificate of Incorporation and Amended and Restated Bylaws
of the Corporation and all amendments thereto and restatements thereof (copies of which are on file with the Transfer Agent), to all of which the holder, by acceptance hereof, assents. This certificate is not valid unless countersigned by the
Transfer Agent and registered by the Registrar. 
 In Witness Whereof, the Corporation has caused this certificate to be signed by its duly
authorized officers, and its corporate seal to be hereunto affixed. 
  
 Dated:

  
 SEAL 

					
	 EXECUTIVE VICE PRESIDENT AND SECRETARY
	 	 	 	PRESIDENT

 LIBERMAN BROADCASTING, INC. 
  
 THE CORPORATION WILL FURNISH WITHOUT CHARGE TO EACH STOCKHOLDER WHO SO REQUESTS A STATEMENT OF THE POWERS,
DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OR SERIES THEREOF OF THE CORPORATION, AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND/OR RIGHTS. SUCH REQUEST
MAY BE MADE TO THE CORPORATION OR THE TRANSFER AGENT. 
  
 THE
RESTATED CERTIFICATE OF INCORPORATION OF THE CORPORATION RESTRICTS THE OWNERSHIP, VOTING AND TRANSFER OF CAPITAL STOCK IN ACCORDANCE WITH THE FOREIGN OWNERSHIP PROVISIONS OF THE COMMUNICATIONS ACT OF 1934. THE RESTATED CERTIFICATE OF INCORPORATION
AUTHORIZES THE BOARD TO ADOPT SUCH PROVISIONS AS IT DEEMS NECESSARY TO ENFORCE THE FOREIGN OWNERSHIP RESTRICTIONS, INCLUDING THE INCLUSION OF A LEGEND ON COMMON STOCK CERTIFICATES AND PREFERRED STOCK CERTIFICATES REGARDING FOREIGN OWNERSHIP
RESTRICTIONS. IN ADDITION, THE RESTATED CERTIFICATE OF INCORPORATION PROVIDES THAT SHARES OF CAPITAL STOCK DETERMINED BY THE BOARD TO BE OWNED BENEFICIALLY BY AN ALIEN (AS DEFINED THEREIN) SHALL ALWAYS BE SUBJECT TO REDEMPTION BY ACTION OF THE BOARD
TO THE EXTENT NECESSARY, IN THE BOARD’S SOLE JUDGMENT, TO COMPLY WITH THE FOREIGN OWNERSHIP RESTRICTIONS OF THE COMMUNICATIONS ACT. 
  
 The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations: 
  

													
	 TEN COM
 TEN ENT
 JT TEN
	 	 —
 —
 —
	  	 as tenants in common
 as tenants by the
entireties
 as joint tenants with right of
 survivorship and not as tenants in common
	  	UNIF GIFT MIN ACT —	  	........................Custodian..............................
	 	  	  	 	  	(Cust)	  	(Minor)	  	 
	 	  	  	 	  	under Uniform Gifts to Minors
	 	  	  	 	  	Act.................................................................
	 	  	  	 	  	 	  	(State)	  	 
	 	 	 	  	 	  	UNIF TRF MIN ACT —	  	............................Custodian (until age ........)
	 	 	 	  	 	  	 	  	(Cust)	  	 	  	 
	 	 	 	  	 	  	 	  	............................ under Uniform Transfers
	 	 	 	  	 	  	 	  	(Minor)	  	 	  	 
	 	 	 	  	 	  	 	  	to Minors Act...............................................	  	 
	 	 	 	  	 	  	 	  	 	  	(State)	  	 

  
 Additional
abbreviations may also be used though not in the above list. 
  
 FOR VALUE RECEIVED,                          hereby sell, assign and transfer unto 
  
 PLEASE INSERT SOCIAL SECURITY OR OTHER 
 IDENTIFYING NUMBER OF ASSIGNEE 
  

									
	
	 	 	 	 
	 	 	 	 	 	 	 	 	 

  

 (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) 
  

 

  

			
	  

	 	 Shares
  

 of the Class A Common Stock represented by the within Certificate, and do hereby irrevocably constitute and appoint

  

			
	  

	 	 Attorney
  

 to transfer the said stock on the books of the within named Corporation with full power of substitution in the
premises. 
  
 Dated
                                        
                 
  
 AFFIX MEDALLION SIGNATURE 
 GUARANTEE IMPRINT BELOW 
  

	
	 
	

	
	 
	

	THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT, OR ANY CHANGE
WHATEVER.
	
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION SUCH AS A SECURITIES BROKER/DEALER, COMMERCIAL BANK, TRUST COMPANY, SAVINGS ASSOCIATION OR A CREDIT UNION
PARTICIPATING IN A MEDALLION PROGRAM.

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