Il Fornaio (America) Corporation 2000 Officer Bonus Plan Summary
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Bonus & Incentive Agreements
Summary
Il Fornaio (America) Corporation has a bonus plan for certain officers, allowing them to earn annual cash bonuses of 25% to 50% of their base salaries if they meet specific performance targets. These targets, set by management and approved by the Board of Directors, may include company profitability, project completion, or cost savings. All bonus payments require final approval from the Board of Directors.
EX-10.2 2 f70320ex10-2.txt SUMMARY OF BONUS PLAN FOR 2000 1 EXHIBIT 10.2 SUMMARY OF BONUS PLAN Il Fornaio (America) Corporation (the Company) has a bonus plan (the Bonus Plan) pursuant to which certain officers are eligible to receive annual cash bonuses in amounts ranging from 25% to 50% of their respective base salaries if certain performance targets established by management and approved by the Board of Directors are met. Such performance targets may include, among other things, the overall profitability of the Company and of particular components of the Company's business, the completion of special projects or the achievements of certain cost efficiencies. Prior to payment of any bonuses, the Board of Directors must approve such amounts.
