PERFORMANCE BASED CASH COMP DESCRIPTION
Published on March 11, 2005
EXHIBIT 10(f)
WRITTEN DESCRIPTION OF
ROLLINS, INC.
PERFORMANCE-BASED
INCENTIVE CASH COMPENSATION PLAN
The material terms of the Rollins, Inc. Performance-Based Incentive Cash
Compensation Plan (the "Plan"), which is not evidenced by any written document,
are summarized below.
All of the executive officers of Rollins, Inc. ("Rollins") are eligible to
participate in the Plan, at the discretion of Rollins's Compensation Committee.
Bonus awards under the plan provide participants an opportunity to earn an
annual bonus in a maximum amount of 80% of base salary or $2 million per
individual per year, whichever is less.
Whether a bonus is payable, and the amount of any bonus payable, is contingent
upon achievement of certain performance goals, which are measured according to
one or more of the following three targeted financial measures: revenue growth,
pretax profit target level, and pretax profit improvement over the prior year.
Unless sooner amended or terminated by the Compensation Committee, the plan will
be in place until April 22, 2008.