Fifth & Pacific Companies, Inc. 2012 Employee Incentive Bonus Plan Description
Fifth & Pacific Companies, Inc. offered a bonus plan in 2012 for full-time salaried employees. Bonuses were awarded based on the company's or business segment's adjusted EBITDA performance against set targets, as well as departmental and individual achievements. The plan included specific terms and conditions, and a similar structure is expected for 2013, using comparable financial metrics to determine eligibility and payout.
EXHIBIT 10(a)
DESCRIPTION OF FIFTH & PACIFIC COMPANIES, INC.
2012 EMPLOYEE INCENTIVE PLAN
For the 2012 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 2013, with financial targets measured based similar metrics.
