FSI International, Inc. 2010 Incentive Compensation Plan
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Summary
FSI International, Inc. has adopted an incentive compensation plan for the fiscal year ending August 28, 2010. The plan sets aside a pool of cash bonuses for employees, including executive officers, based on the company's operating income for the year. The Compensation Committee will decide the final amounts to be paid, with a maximum of 100% of base salary for the CEO and 80% for other executive officers. Payments are expected to be determined and distributed after the company's financial statements are audited, likely in November 2010.
EX-10.1 2 c58922exv10w1.htm EX-10.1 exv10w1
EXHIBIT 10.1
INCENTIVE COMPENSATION PLAN
On June 23, 2010, FSI International, Inc. (the “Company”) adopted a compensation plan for the fiscal year ending August 28, 2010 (the “Plan”) that provides for an aggregate amount of incentive cash compensation to be available for distribution to employees of the Company, including its executive officers. The aggregate amount distributable under the Plan will be based on the Company’s operating income, prior to any incentive plan accrual, for the fiscal year ending August 28, 2010. Amounts ultimately paid under the Plan to employees, including executive officers, would be at the discretion of the Compensation Committee of the Board of Directors (the “Committee”). The Committee’s determination and payment of any amounts under the Plan likely would be made in November 2010, in connection with the completion of the audited financial statements for the Company. The maximum amounts that could be paid to any executive officer under the Plan has been set as a percentage of such officer’s base salary for the 2010 fiscal year. For the Chief Executive Officer that percentage is 100% of base salary and for each of the other executive officers that percentage is 80% of base salary.
