Enesco Group, Inc. ROA Incentive Program 2003

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

Enesco Group, Inc. established the ROA Incentive Program 2003 to provide bonus opportunities to all exempt and non-exempt employees based on company profitability. Bonuses are determined by two financial measures: operating income as a percentage of sales and return on assets, each weighted at 50%. Eligible employees must be hired by September 30 and remain full-time through year-end, with bonuses pro-rated for partial-year employment or salary changes. Payouts occur in the first quarter of the following year. Enesco reserves the right to amend or suspend the plan at any time.

View More
EX-10.(S) 7 c83736exv10wxsy.txt ROA INCENTIVE PROGRAM 2003 Exhibit 10(s) ENESCO GROUP, INC. ROA INCENTIVE PROGRAM 2003 - -------------------------------------------------------------------------------- The ROA Incentive Plan provides bonus opportunities for all exempt and non-exempt employees. The ROA Incentive Plan is based entirely on company profitability. The two financial measures that will be used are: - - Operating Income as a % of Sales 50% - - Return on Assets 50%
If Enesco meets its financial goals in these two categories, employees will earn a bonus that is calculated as a % of their W-2 base earnings. Employee's bonus opportunity amount depends on the employee's position in the company and Enesco's attainment of goals. Eligibility: To be eligible for the award you must be employed by September 30 of the current year. If hired during the calendar year, the incentive award will be pro-rated based on months employed. If salary adjustments occur during the calendar year, the award will be pro-rated. Employees must be active full-time through the end of the year to be eligible for the annual incentive award. ROA payouts will be made during the lst quarter of the following year. Enesco may at anytime and from time to time, amend, modify or suspend this plan with/without prior notice.