Hutchinson Technology Incorporated Fiscal Year 2003 Management Bonus Plan
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Summary
Hutchinson Technology Incorporated has established a management bonus plan for its executive officers and certain management employees. The plan provides for annual cash bonuses, with the decision to pay and the amount determined by the company's Compensation Committee. The primary basis for awarding bonuses is the achievement of quarterly earnings per share goals during the fiscal year, though the Committee may consider other factors at its discretion. Bonuses are paid in cash during the first quarter of the following fiscal year.
EX-10.9 4 c74538exv10w9.txt 2003 MANAGEMENT BONUS PLAN EXHIBIT 10.9 FISCAL YEAR 2003 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 primarily on HTI's attainment of quarterly earnings per share goals throughout the fiscal year, as well as other factors that may be considered at the Committee's discretion. Bonuses are paid in cash in the first quarter of the following fiscal year.
