Fiscal Year 2002 BioMeasurement Division Bonus Plan of Hutchinson Technology Incorporated
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Summary
Hutchinson Technology Incorporated has established a bonus plan for an executive officer and select management employees in its BioMeasurement Division. The plan provides for annual, discretionary cash bonuses, which are determined by the company's Compensation Committee based on both the division's performance and individual contributions. Bonuses are paid in cash during the first quarter of the fiscal year following the performance period.
EX-10.10 4 c67072ex10-10.txt DESCRIPTION OF FY 2002 BIOMEASUREMENT BONUS PLAN EXHIBIT 10.10 Fiscal Year 2002 BioMeasurement Division Bonus Plan Of Hutchinson Technology Incorporated HTI has a bonus plan that covers an executive officer and certain other management-level employees of its BioMeasurement Division. Bonuses are discretionary and are determined annually by the Compensation Committee of HTI's Board of Directors based on a number of factors, including the performance of the BioMeasurement Division and individual contribution to the success of the BioMeasurement Division. Bonuses are paid in cash in the first quarter of the following fiscal year.
