Liz Claiborne, Inc. 2008 Salaried Employee Incentive Bonus Plan Description
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Summary
Liz Claiborne, Inc. established a bonus plan for its full-time salaried employees for the 2008 fiscal year. Under this plan, employees could earn bonuses based on the company's return on invested operating capital compared to set targets, as well as the achievement of specific corporate, divisional, departmental, and individual performance goals. The plan is subject to certain terms and conditions, and a similar plan is expected for 2009.
EX-10.D 2 y74625exv10wd.htm EX-10.D: DESCRIPTION OF 2008 SALARIED EMPLOYEE INCENTIVE BONUS PLAN EX-10.d
Exhibit 10(d)
DESCRIPTION OF LIZ CLAIBORNE, INC.
2008 SALARIED EMPLOYEE INCENTIVE PLAN
2008 SALARIED EMPLOYEE INCENTIVE PLAN
For the 2008 fiscal year, Liz Claiborne, Inc. maintained a bonus plan for full time salaried employees under which bonuses were earned based upon a combination of return on invested operating capital, as measured against pre-established targets, and, as applicable, achievement of targeted levels of corporate operating profit, divisional direct operating profit and/or departmental performance considerations and the achievement of individual goals, subject to certain terms and conditions. A similar bonus plan is anticipated for 2009.
