Asyst Technologies, Inc. Executive Bonus Plan Summary
Contract Categories:
Human Resources
›
Bonus & Incentive Agreements
Summary
Asyst Technologies, Inc. has an Executive Bonus Plan that provides additional compensation to officers and senior managers based on performance. The amount awarded depends on how well company and individual objectives are met, as determined by the Compensation Committee of the Board of Directors. The Committee sets performance goals and evaluates each executive's results to decide bonus amounts.
EX-10.42 11 f99456exv10w42.txt EXHIBIT 10.42 EXHIBIT 10.42 SUMMARY OF EXECUTIVE BONUS PLAN ASYST TECHNOLOGIES, INC. Our Executive Bonus Plan is a variable incentive compensation program pursuant to which our officers and other senior managers may be awarded compensation in addition to their base salary. The actual incentive award depends on the extent to which the Company determines that articulated objectives have been achieved. The Compensation Committee of the Asyst Board of Directors administers the Plan, including establishing company and individual performance objectives for each executive officer and determining the individual's performance against those objectives.
