Del Monte Foods Company Annual Incentive Plan Fiscal 2007 Targeted Percentage and Weighting of Objectives for Named Executive Officers as Approved by the Compensation Committee of the Board of Directors of Del Monte Foods Company Weighting of Objectives (1) Corporate Business Individual Objectives/ Targeted Percentage of Financial Unit Management By Possible RangeName Fiscal Year Earnings Objectives Objectives Objectives (MBOs) of Score (2) Richard G. Wolford 110.00% (3) 75 % - 25 % 0-200% of target David L. Meyers 70.00% (3) 75 % - 25 % 0-200% of target Timothy A. Cole 70.00% (4) 75 % - 25 % 0-200% of target Nils Lommerin 70.00% (3) 75 % - 25 % 0-200% of target
Contract Categories:
Human Resources
- Bonus & Incentive Agreements
EX-10.2 3 f23909exv10w2.htm EXHIBIT 10.2 exv10w2
Exhibit 10.2
Del Monte Foods Company Annual Incentive Plan
Fiscal 2007 Targeted Percentage and Weighting of Objectives for Named Executive Officers
as Approved by the Compensation Committee of the Board of Directors
of Del Monte Foods Company
as Approved by the Compensation Committee of the Board of Directors
of Del Monte Foods Company
Weighting of Objectives (1) | ||||||||||||||
Corporate | Business | Individual Objectives/ | ||||||||||||
Targeted Percentage of | Financial | Unit | Management By | Possible Range | ||||||||||
Name | Fiscal Year Earnings | Objectives | Objectives | Objectives (MBOs) | of Score (2) | |||||||||
Richard G. Wolford | 110.00% (3) | 75 | % | - | 25 | % | 0-200% of target | |||||||
David L. Meyers | 70.00% (3) | 75 | % | - | 25 | % | 0-200% of target | |||||||
Timothy A. Cole | 70.00% (4) | 75 | % | - | 25 | % | 0-200% of target | |||||||
Nils Lommerin | 70.00% (3) | 75 | % | - | 25 | % | 0-200% of target |
(1) | The relative 75%/25% weighting of Corporate Financial Objectives to Individual Objectives / Management By Objectives (MBOs) established for fiscal 2007 is the same as the relative weighting of Corporate Financial Objectives to Individual Objectives / Management By Objectives (MBOs) established for fiscal 2006. | |
(2) | Possible range of scoring for each component (Corporate Financial Objectives, Business Unit Objectives, Individual Objectives / Management By Objectives (MBOs)). The 0-200% possible range of scoring established for fiscal 2007 is the same as the 0-200% possible range of scoring established for fiscal 2006. Note: the maximum amount payable to any participant for any Plan Year under the Plan is $2,000,000 or 200% of such participants Fiscal Year Earnings, whichever is less. | |
(3) | Targeted Percentage of Fiscal Year Earnings established for fiscal 2007 is the same as the Targeted Percentage of Fiscal Year Earnings established for fiscal 2006. | |
(4) | Targeted Percentage of Fiscal Year Earnings established for fiscal 2007, as approved by the Compensation Committee on September 21, 2006, is higher than the Targeted Percentage of Fiscal Year Earnings established for fiscal 2006. |