MassVentures
MassVentures FY 2020 Compensation Committee
Published on September 22, 2020 at 4:26 PM EDT
Amended on October 5, 2020 at 2:40 PM EDT
Date and Time
Tuesday October 13, 2020 at 10:00 AM EDT
Location
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Meeting ID: 820 0993 4214
Passcode: 943751
https://us02web.zoom.us/j/82009934214?pwd=MElFU04wNUJMYURCVFUzWVdtNFJRdz09&from=msft
Meeting ID: 820 0993 4214
Passcode: 943751
One tap mobile
+13017158592,,82009934214#,,,,,,0#,,943751# US (Germantown)
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Meeting ID: 820 0993 4214
Passcode: 943751
Agenda
| I. | Opening Items | |
| A. | Record Attendance | |
| B. | Call the Meeting to Order | |
| II. | Compensation Committee | |
| A. | Review Compensation Structure and Committee Process | |
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The current compensation structure consisted of three components: Base Compensation, Incentive Compensation and Benefits. The objectives of this meeting are to evaluate the performance of the staff for consideration of changes to the Base Compensation and Incentive Compensation; set new individual goals for FY20 Incentive Compensation; and discuss any other compensation issues the Committee considered appropriate.
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| B. | Review of Staff Member Performance | |
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The Committee will disucss the individual performance of the MassVentures employees. In the case of the investment staff, the Committee reviews summaries detailing their performance and accomplishments during the year as well as the performance evaluation report. The performance and accomplishment summaries are prepared by the staff and the performance evaluation report is prepared by Mr. Hipwood.
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| C. | Discuss Incentive Compensation | |
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The Incentive Compensation plan seeks to evaluate the staff performance against a combination of team and individual performance measures. The target compensation amount for expected performance is 15% of salary. Based on the relative performance of those expectations, staff can earn anywhere from 0% to 30% of their salary.
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| D. | Vote on Changes to Compensation Package | |
| III. | Other Business | |
| IV. | Closing Items | |
| A. | Adjourn Meeting | |