Liz Claiborne, Inc. 2010 Employee Incentive Bonus Plan Description
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Summary
Liz Claiborne, Inc. established a bonus plan for full-time salaried employees for the 2010 fiscal year. Under this plan, employees could earn bonuses based on divisional operating profit or total gross corporate costs compared to set targets, as well as departmental and individual performance. The plan is subject to specific terms and conditions, and a similar plan is expected for 2011.
EX-10.C 2 y89679exv10wc.htm EX-10.C exv10wc
EXHIBIT 10(c)
DESCRIPTION OF LIZ CLAIBORNE, INC.
2010 EMPLOYEE INCENTIVE PLAN
2010 EMPLOYEE INCENTIVE PLAN
For the 2010 fiscal year, Liz Claiborne Inc. maintained a bonus plan for full time salaried employees under which bonuses were earned based upon either divisional operating profit or total gross corporate costs, 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 2011.
