Ex-10.2 2005 Cash Bonus Plan
EX-10.2 3 b54790biexv10w2.txt EX-10.2 2005 CASH BONUS PLAN EXHIBIT 10.2 BIOGEN IDEC INC. 2005 Cash Bonus Plan - Material Terms - - The Company's executive officers have the following bonus targets (expressed as a percentage of salary):
- - 2005 cash bonuses will be based upon a formula that takes into account each executive's performance relative to corporate performance goals and his or her individual performance goals. Actual bonuses will be determined by multiplying the executive's target bonus by the corporate performance factor and then by his or her individual performance factor. Actual bonuses may be higher or lower than the executive's target bonus. - - The corporate performance goals and individual performance goals are weighted by significance to determine the applicable performance factor. 1 - - Corporate performance goals and relative weighting (in parentheses) are as follows: Revenue growth (25%) Earnings per share growth (20%) Performance of marketed products (10%) Product development pipeline (15%) Discovery research (10%) Manufacturing capacity/capability (10%) Organizational matters (10%) - - Individual performance goals and their relative weights are determined based on the corporate performance goals and each executive's functional area of responsibility. 2