Fiscal Year 2001 Management Bonus Plan of Hutchinson Technology Incorporated
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Summary
Hutchinson Technology Incorporated has established a management bonus plan for its executive officers and certain management employees. Under this plan, bonuses are awarded at the discretion of the Compensation Committee based on individual performance and the achievement of quarterly earnings per share targets. The bonuses are paid in cash during the first quarter of the following fiscal year.
EX-10.10 2 c59868ex10-10.txt DESCRIPT. OF FISCAL YEAR 2001 MANAGEMENT BONUS PL. 1 EXHIBIT 10.10 FISCAL YEAR 2001 MANAGEMENT BONUS PLAN OF HUTCHINSON TECHNOLOGY INCORPORATED HTI has a management bonus plan which covers executive officers and certain other management-level employees. Bonuses are discretionary and are determined annually by the Compensation Committee of HTI's Board of Directors based on a number of factors, including individual performance and attainment of quarterly earnings per share goals. Bonuses are paid in cash in the first quarter of the following fiscal year.
