2005 Performance Criteria for Restricted Stock Unit Awards under 2000 Stock Award and Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the performance criteria for restricted stock unit (RSU) awards granted to executive officers on March 8, 2005, under the company's 2000 Stock Award and Incentive Plan. The criteria, approved by the Compensation Committee, are based on the company's earnings per share and return on invested capital achieved during 2005. These measures determine the vesting or payout of the RSU awards for the executive officers.

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EX-10.3 4 ex103.htm

EXHIBIT 10.3

 

Performance Criteria for 2005 under Restricted Stock Unit Awards

Granted to Executive Officers on March 8, 2005

under the Company’s 2000 Stock Award and Incentive Plan

 

        For 2005, the performance criteria under Restricted Stock Unit awards granted to executive officers on March 8, 2005, which criteria were approved by the Compensation Committee of the Company’s Board of Directors, relate to earnings per share achieved in 2005 and return on invested capital achieved in 2005.