Incentive Compensation Agreement for Timothy J. McGrath as Executive Vice President of Sales and Marketing, Insight North America

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the incentive compensation terms for Timothy J. McGrath, who became Executive Vice President of Sales and Marketing for Insight North America in November 2002. Starting in the first quarter of 2003, Mr. McGrath is eligible for a bonus equal to 0.75% of the company's net earnings, provided those earnings exceed specified minimum thresholds. For the quarter ending March 31, 2003, the company met these requirements, making Mr. McGrath eligible for the bonus.

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EX-10.2 4 p67845exv10w2.txt EX-10.2 Exhibit 10.2 Timothy J. McGrath. Effective November 2002, Mr. McGrath began serving as the Executive Vice President of Sales and Marketing for Insight North America and, in the first quarter of 2003, became eligible for incentive compensation, in place of previous arrangements regarding incentive compensation, for an incentive bonus of 0.75% of our net earnings provided that our net earnings exceed stated minimum amounts. Our net earnings exceeded the minimum amounts for the quarter ended March 31, 2003.