Cintas Corporation Executive Compensation Agreement for Fiscal Year 2006 – President & CEO
This agreement outlines the executive compensation plan for the President and CEO of Cintas Corporation for fiscal year 2006. It specifies the base salary, target bonus, and total cash compensation, with the bonus determined by increases in earnings per share, sales growth over the previous year, and achievement of certain non-financial goals. The agreement is signed by Scott Farmer on behalf of Cintas Corporation.
Exhibit 10.18
Cintas Corporation
Executive Compensation
Fiscal Year 2006
President & CEO
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| Current FY ‘05 |
| FY ‘06 Target |
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| I. | Base Pay: |
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| Target Bonus Award: |
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| Total Cash Comp: |
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| II. | Bonus Formula | |
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| A. | 37.5% Based on E.P.S. Increase |
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| *Based on earnings per share increase over FY 2005 |
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| (FY 2005 Diluted E.P.S. = $1.74) |
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| B. | 37.5% Based on Sales Increase over FY 2005. |
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| C. | 25% Based on Results of competitively sensitive Non-Financial Goals. |
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| Signature: |
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| CINTAS CORPORATION | ||
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| Scott Farmer |
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| By: |
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