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Vcp

34706a cover.indd

34706a cover.indd

…Plan (``2016
executive talent on which Coherent's success depends. The VCP'').
following table shows the components of total direct
compensation at target for our NEOs as a group for fiscal
The 2016 VCP was designed as an ``at risk'' bonus
2016. In maintaining the design for…

Coherent

Coherent

…EBITDA $''), with a requirement of
VCP''). achieving two thresholds for each payment period: (1) at least 80%
of the Board-approved budgeted revenue and (2) a minimum of a
certain adjusted EBITDA $, without giving effect to any 2014 VCP
2014 VCP
payments. Adjusted EBITDA was…

an rep 2018 workfile 02

an rep 2018 workfile 02


38
Second Half Fiscal 2018 VCP Scale
0%
6.3% (actual)
100%
200%
0% (actual)
0%
100%
Fiscal 2018 Variable Compensation 200%
Plan Scale for NEOs
First Half of Fiscal 2018
First Half Fiscal 2018 VCP Scale
0%
100%
200%

32311a coverSinglesRR.indd

32311a coverSinglesRR.indd

…2015 VCP
incentive cash program under which executive officers were eligible to goals were tied to Coherent achieving varying levels of revenue and
receive cash bonuses, the 2015 Variable Compensation Plan (``2015 adjusted EBITDA dollars (``adjusted EBITDA $''), with revenue
VCP'').

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