Belden Inc. Annual Cash Incentive Plan Summary

Summary

Belden Inc.'s Annual Cash Incentive Plan outlines how management, including the CEO, can earn annual cash bonuses based on company financial performance and, for non-CEO managers, individual performance. The CEO's bonus is tied to company goals, specifically return on capital and earnings per share. Other managers' bonuses are based on a mix of company financial results and individual performance. The Compensation Committee sets performance goals each year and determines bonus amounts as a percentage of base salary, depending on the company's overall financial results.

EX-10.15 5 c75362exv10w15.txt BELDEN INC. ANNUAL CASH INCENTIVE PLAN EXHIBIT 10.15 BELDEN INC. ANNUAL CASH INCENTIVE PLAN (SUMMARY) The Belden Inc. Annual Cash Incentive Plan provides for an annual bonus, and is part of the cash component of management's total compensation (the other cash component being base salary, another cash component, effective starting January 1, 2003, is associated with the Long-Term Cash Performance Plan). The bonus criteria for the CEO are based solely on the attainment of Company-based financial objectives, with 33% of the weight assigned to return on capital and 67% to earnings per share. For members of management other than the CEO, the annual incentive bonus is based upon individual performance and the attainment of Company-based financial objectives, with the weight assigned to each as follows: 53% earnings per share; 27% return on capital; and 20% individual performance. The Compensation Committee establishes the performance goals at the beginning of the year. The Company's overall financial performance determines the size of the bonus pool to be distributed to the members of management participating in the program. The annual incentive bonuses are calculated by the Committee as a percentage of the management members' base salary.