Liz Claiborne, Inc. 2009 Employee Incentive Bonus Plan Description
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Summary
Liz Claiborne, Inc. established a bonus plan for full-time salaried employees in 2009. Under this plan, employees could earn bonuses based on divisional operating profit or total corporate costs compared to set targets, as well as departmental and individual performance. The plan was subject to specific terms and conditions, and a similar plan was expected for 2010.
EX-10.D 2 c96532exv10wd.htm EXHIBIT 10(D) Exhibit 10(d)
EXHIBIT 10(d)
DESCRIPTION OF LIZ CLAIBORNE, INC.
2009 EMPLOYEE INCENTIVE PLAN
2009 EMPLOYEE INCENTIVE PLAN
For the 2009 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 2010.
