MGIC Investment Corporation 2001 Executive Bonus Plan
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Summary
MGIC Investment Corporation has established an Executive Bonus Plan for 2001, covering certain officers, including executive officers named in its 2000 Form 10-K. Under this plan, if the company meets a specified minimum net income for 2001, eligible executive officers may receive a bonus based on their individual performance. The bonus can range from 120% to 200% of the executive's base salary, depending on the maximum set for each officer.
EX-10.6 2 0002.txt EXECUTIVE BONUS PLAN EXECUTIVE BONUS PLAN OF MGIC INVESTMENT CORPORATION (the "Company") The Executive Bonus Plan of the Company in effect for 2001 (which is not contained in a formal plan document), applies to certain officers of the Company, including the executive officers of the Company identified in the Form 10-K for the year ended December 31, 2000. Under the Executive Bonus Plan, if the Company achieves a minimum level of net income for 2001, an executive officer will be eligible for a bonus, depending upon the executive officer's individual performance, of up to 120-200% of such executive officer's base salary, depending on the maximum applicable to the executive officer.
