2010 Executive Bonus Plan Structure for Named Executive Officers

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the continuation of the company's bonus plan for named executive officers in 2010, as previously described in a May 15, 2008 SEC filing. The plan, overseen by the Management Development, Nominating and Governance Committee, sets performance targets based on the company's 2010 results. The CEO's bonus is also tied to non-objective corporate goals similar to those used in 2008 and 2009.

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EX-10.6 3 c56597exv10w6.htm EX-10.6 exv10w6
EXHIBIT 10.6
Our Current Report on Form 8-K filed May 15, 2008 described the structure of our 162(m) bonus plan for our named executive officers. The Management Development, Nominating and Governance Committee of our Board of Directors has continued the structure of such bonus plan for 2010 as described in that Form 8-K. Under the bonus structure applicable to 2010, the performance target is based on our performance for 2010, and the non-objective corporate goals for the CEO’s 2010 bonus address the same subjects as were addressed by the goals for 2008 and 2009.