Hutchinson Technology Incorporated Fiscal Year 2005 Management Bonus Plan
Hutchinson Technology Incorporated has established a management bonus plan for its executive officers and select management employees. The Compensation Committee of the Board of Directors decides annually whether to pay bonuses, based on the company's achievement of financial goals and strategic milestones for the fiscal year. If awarded, bonuses are paid in cash during the first quarter of the next fiscal year.
EXHIBIT 10.1
Fiscal Year 2005 Management Bonus Plan
of Hutchinson Technology Incorporated
Hutchinson Technology Incorporated (“HTI”) has a management bonus plan that covers executive officers and certain other management-level employees. The decision to pay out bonuses is made annually by the Compensation Committee of HTI’s Board of Directors. The Committee’s decision is based on HTI’s attainment of a financial goal for the fiscal year as well as certain milestones that represent achievement of strategic company initiatives. Bonuses are paid in cash in the first quarter of the following fiscal year.
