Fifth & Pacific Companies, Inc. 2013 Employee Incentive Plan Description
Fifth & Pacific Companies, Inc. established a bonus plan for its full-time salaried employees for the 2013 fiscal year. Under this plan, employees could earn bonuses based on the company's or specific business segment's Adjusted EBITDA performance against set targets, as well as departmental and individual achievements. The plan is subject to certain terms and conditions, and a similar structure is expected for 2014.
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EXHIBIT 10(a)
DESCRIPTION OF FIFTH & PACIFIC COMPANIES, INC.
2013 EMPLOYEE INCENTIVE PLAN
For the 2013 fiscal year, Fifth & Pacific Companies, Inc. maintained a bonus plan for full time salaried employees under which bonuses were earned based upon either Segment Adjusted EBITDA or total Company Adjusted EBITDA, as measured against pre-established targets, and, as applicable, departmental performance considerations and the achievement of individual goals, subject to certain terms and conditions. A similar bonus plan is anticipated for 2014, with financial targets measured based on similar metrics.
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- EXHIBIT 10(a)
