2008 Performance Criteria under Annual Incentive Plan Approved by Compensation Committee
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Summary
This document outlines the performance goals for 2008 under the company's Annual Incentive Plan, as approved by the Compensation Committee. The objectives include financial targets such as increased sales, earnings before interest and taxes, and return on investment. Non-financial goals focus on customer satisfaction, workforce development, and innovation, including new products and cost-saving initiatives. These criteria determine eligibility for incentive compensation for employees during 2008.
EX-10.1 2 ex10_1.htm ex10_1.htm
Exhibit 10.1
Performance Criteria for 2008 under the Company's Annual Incentive Plan
For 2008, the corporate performance objectives and the derivative regional and/or category objectives under the Company's Annual Incentive Plan, which the Compensation Committee of the Company's Board of Directors approved on March 3, 2008, relate to increases in sales, earnings before interest and taxes and return on investment. The non-financial strategic initiatives, which the Compensation Committee also approved on March 3, 2008, relate to (i) customers, including market share, customer satisfaction, service performance and product quality, (ii) workforce, including managing talent and development, and (iii) innovation, including new products, growth and return on product investment, cost savings initiatives and research and development innovation.
