Atrion Corporation Incentive Compensation Plan for Chief Financial Officer (2001 and Beyond)

Summary

This agreement outlines Atrion Corporation's incentive compensation plan for its Chief Financial Officer (CFO), effective from 2001 until changed or terminated. Each year, the Compensation Committee sets an earnings per share (EPS) target. If the CFO helps the company meet this target, they receive a bonus equal to 25% of their salary. If the company exceeds the target, the CFO earns an additional 0.75% of their salary for every 1% the actual EPS surpasses the target. Certain earnings, such as those from discontinued operations or extraordinary items, are excluded from the calculation.

EX-10.K 2 a2043609zex-10_k.txt EXHIBIT 10.K Exhibit 10k Atrion Corporation Incentive Compensation Plan for Chief Financial Officer For Calendar Years Beginning 2001 - -------------------------------------------------------------------------------- This plan provides the opportunity for the Vice President and Chief Financial Officer of Atrion Corporation (CFO), to receive incentive compensation based on the attainment of certain stated financial goals during each calendar year. This plan is effective for the calendar year 2001 and will remain in effect until it is modified or terminated. Financial Goals: During the first quarter of each calendar year, the Compensation Committee will set, at its sole discretion, a target for earnings per basic share (EPS) for the Corporation based on the Committee's expectations for Corporate performance during that year. The EPS will exclude earnings from discontinued operations, extraordinary and one-time items, and any bonus awards to the Corporation's executive officers whose compensation is paid directly by the Corporation and not by a subsidiary of the Corporation. If the target EPS is achieved, then the CFO will be entitled to receive incentive compensation equal to 25% of his/her salary for that year. If the target is exceeded, than for each 1% of such excess in actual EPS over the target EPS, the CFO will be entitled to an additional bonus equal to 0.75% of base salary.