Belden CDT Inc. Annual Cash Incentive Plan Summary
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Summary
Belden CDT Inc.'s Annual Cash Incentive Plan provides annual bonus payments to management as part of their total compensation. The CEO's bonus is based solely on the company's financial performance, while other management members' bonuses depend on both individual performance and company financial goals. The Compensation Committee sets performance targets at the start of each year, and the company's financial results determine the total bonus pool. Bonuses are awarded as a percentage of base salary. In 2004, several executive officers received bonuses under this plan.
EX-10.37 4 c93201exv10w37.txt ANNUAL CASH INCENTIVE PLAN EXHIBIT 10.37 BELDEN CDT INC. ANNUAL CASH INCENTIVE PLAN (SUMMARY) The Belden CDT 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. For members of Belden CDT management other than the CEO, the annual incentive bonus is based upon individual performance and the attainment of Company-based financial objectives. 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. In September 2004 and in February 2005, the following named executive officers of the Company received bonus payments pertaining to 2004. The combined amounts of such bonuses for each such individual were as follows:
