Attached files
EXHIBIT
10.18
2010
INCENTIVE PLAN FOR CERTAIN KEY EMPLOYEES
The
Company has a discretionary annual incentive program under which exempt salaried
employees (other than the Chairman) may earn cash payments based on a percentage
of base annual salary. The actual percent is based on a variety of
guidelines including the performance levels of the respective business units
measured by operating income subject to certain adjustments.
The
payment to an employee is based upon (i) their assigned grade level, (ii) actual
company earnings achieved relative to a pre-determined target, which is adjusted
upward if company performance exceeds target and reduced if company performance
is less than target, and (iii) base salary paid during the fiscal
year.