Ecology and Environment, Inc. Discretionary Performance Plan Summary
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Summary
Ecology and Environment, Inc. has established a Discretionary Performance Plan to link employee pay with individual and company performance. The Board of Directors selects participants and determines the annual bonus pool based on company profitability. Management personnel, including executive officers, may receive bonuses based on their performance, industry standards, and overall company results. Bonuses can be paid in cash or as stock awards under the company's 1998 Stock Award Plan, and are considered part of annual compensation.
EX-10.5 3 l96873aexv10w5.txt SUMMARY OF DISCRETIONARY PERFORMANCE PLAN Exhibit 10.5 Summary of Ecology and Environment, Discretionary Performance Plan The Company's Discretionary Performance Plan ("DPP") was established to provide a direct connection between pay and performance, thereby supporting increased overall Company performance through increased individual performance. The Directors select DPP participants, and in its discretion, established the year-end bonus pool based upon profitability of the Company. Bonuses are awarded to the Company's management personnel, including Executive Officers, based on their individual performance, industry practices and the performance of the Company as a whole. At the discretion of the Directors, the bonuses can be paid in cash or stock awards under the Ecology and Environment, Inc. 1998 Stock Award Plan. Amounts paid to employees constitute part of the employee's annual cash compensation. 47
