SEC Filings


10-Q
W&T OFFSHORE INC filed this Form 10-Q on 05/04/2017
Entire Document
 

 

Total for Overall Company Performance    

Conditions and Individual Performance Conditions Combined

35%

70

The number of points you receive on each individual scale shall be determined as follows, on straight-line interpolation:

 

(a)

Adjusted EBITDA Margin Percentage at YE 2017:  

(Measurement rounded to nearest full percentage point)

Performance Level

Points

Maximum: 62% or greater

40

Target: 50%

20

Threshold: 48%

10

Below Threshold

0

 

 

(b)

Individual Performance in 2017, assessed by management

(Measurement rounded to nearest 1/10th decimal)

Performance Level

Points

Maximum – Far Exceeded Expectations

30

Target – Exceeded Expectations

15

Threshold – Met expectations

7.5

Below Threshold

0

 

 

 

A-3

Executive (2017):