Liz Claiborne, Inc. 2007 Salaried Employee Incentive Bonus Plan Description
Liz Claiborne, Inc. established a bonus plan for its full-time salaried employees for the 2007 fiscal year. Under this plan, employees could earn bonuses based on the company's return on invested operating capital and earnings per share, compared to set targets. Additional factors such as divisional profit, departmental performance, and individual goals could also affect bonus eligibility. The plan is subject to specific terms and conditions, and a similar plan is expected for 2008.
Exhibit 10(d)
DESCRIPTION OF LIZ CLAIBORNE, INC.
2007 SALARIED EMPLOYEE INCENTIVE PLAN
For the 2007 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 and earnings per share, as measured against pre-established targets, and, as applicable, achievement of targeted levels of 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 2008.
