Del Monte Foods Company Annual Incentive Plan Fiscal 2005 Targeted Percentage and Weighting of Objectives for Certain Executive Officers as Approved by the Compensation Committee on July 1, 2004
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EX-10.5 5 dex105.htm ANNUAL INCENTIVE PLAN FISCAL 2005 TARGETED PERCENTAGE & WEIGHTING OF OBJECTIVES Annual Incentive Plan Fiscal 2005 Targeted Percentage & Weighting of Objectives
Exhibit 10.5
Del Monte Foods Company Annual Incentive Plan
Fiscal 2005 Targeted Percentage and Weighting of Objectives
for Certain Executive Officers as Approved by the Compensation Committee on July 1, 2004
| Weighting of Objectives | ||||||||||||||
| Name | Targeted Percentage of Fiscal Year Earnings | Corporate Financial Objectives | Business Unit Objectives | Individual Objectives/ Management By Objectives (MBOs) | Possible Range of Score (1) | |||||||||
| Richard G. Wolford | 110.00 | % | 75 | % | — | 25 | % | 0-200% of target | ||||||
| David L. Meyers | 70.00 | % | 75 | % | — | 25 | % | 0-200% of target | ||||||
| Nils Lommerin | 62.50 | % | 60 | % | — | 40 | % | 0-200% of target | ||||||
| Todd R. Lachman | 62.50 | % | 60 | % | — | 40 | % | 0-200% of target | ||||||
| Marc D. Haberman | 62.50 | % | 50 | % | 10 | % | 40 | % | 0-200% of target | |||||
| (1) | Possible range of scoring for each component (Corporate Financial Objectives, Business Unit Objectives, Individual Objectives / Management By Objectives (MBOs)). |
Note: the maximum amount payable to any participant for any Plan Year under the Plan is $2,000,000 or 200% of such participant’s Fiscal Year Earnings, whichever is less.
