2004 MKS Management Incentive Bonus Program Agreement

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2004 Management Incentive Bonus Program for certain executives of MKS Instruments, Inc. The program sets target bonus percentages based on each executive's base earnings, with actual bonus payouts tied to the company's pro forma pre-tax earnings per share (EPS) for the year. Depending on the EPS achieved, executives can earn from 0% up to 200% of their target bonus. The agreement specifies individual target percentages for named executives and emphasizes the confidential nature of the information.

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EX-10.2 3 b52098miexv10w2.txt EX-10.2 2004 MANAGEMENT INCENTIVE BONUS PROGRAM Exhibit 10.2 Confidential Materials omitted and filed separately with the Securities and Exchange Commission. Asterisks denote omissions. PERSONAL AND CONFIDENTIAL ------------------------- 2004 MKS MANAGEMENT INCENTIVE PROGRAM [FORM OF] PRO FORMA PRE-TAX EARNINGS PER SHARE (EPS) TABLE (JANUARY 1 - DECEMBER 31) YOUR TARGET BONUS UNDER THE 2004 MKS MANAGEMENT INCENTIVE PLAN IS ___%(1) OF YOUR BASE EARNINGS. THE PAYOUT OF YOUR BONUS WILL BE ACHIEVED ACCORDING TO THE SCHEDULE SHOWN IN THE CHART BELOW. FOR EXAMPLE, YOU WILL RECEIVE 50% OF YOUR TARGET BONUS IF OUR PRO FORMA PRE-TAX EPS REACHES $**, AND 100% OF YOUR TARGET BONUS IF OUR PRO FORMA PRE-TAX EPS REACHES $**. AT A PRO FORMA PRE-TAX EPS OF $** OR MORE, YOU WOULD RECEIVE 200% OF YOUR TARGET BONUS, WHICH WOULD RESULT IN THE PAYMENT OF A BONUS EQUAL TO ___%(2) OF YOUR 2004 BASE MKS EARNINGS.
------------------------- --------------------- Pro forma % of Target Pre-Tax EPS Bonus Earned ------------------------- --------------------- ------------------------- --------------------- < =$** 0.0% ------------------------- --------------------- $** 5.0% ------------------------- --------------------- $** 10.0% ------------------------- --------------------- $** 25.0% ------------------------- --------------------- $** 35.0% ------------------------- --------------------- $** 50.0% ------------------------- --------------------- $** 60.0% ------------------------- --------------------- $** 75.0% ------------------------- --------------------- $** 85.0% ------------------------- --------------------- $** 100.0% ------------------------- --------------------- $** 125.0% ------------------------- --------------------- $** 150.0% ------------------------- --------------------- $** 175.0% ------------------------- --------------------- >=$** 200% ------------------------- ---------------------
THIS INFORMATION IS EXTREMELY CONFIDENTIAL AND SHOULD BE [MKS TREATED AS SUCH. YOU SHOULD NOT DIVULGE THIS INFORMATION LOGO] INSIDE OR OUTSIDE OF MKS INSTRUMENTS, INC. - ----------------- (1) TARGET BONUS FOR JOHN BERTUCCI IS 75% OF BASE EARNINGS; FOR LEO BERLINGHIERI IT IS 60% OF BASE EARNINGS; FOR JERRY COLLELLA AND JOHN SMITH IT IS 50% OF BASE EARNINGS; FOR ROBERT KLIMM, RONALD WEIGNER, WILLIAM STEWART IT IS 40% OF BASE EARNINGS. (2) THIS NUMBER IS DOUBLE THE NUMBER SET FORTH IN THE PARAGRAPH ABOVE WITH RESPECT TO EACH OF THE EXECUTIVE OFFICERS.