Fiscal Year 2009 Annual Incentive Plan Criteria

EX-10.79 5 dex1079.htm COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS Compensation Committee of the Board of Directors

EXHIBIT 10.79

Fiscal Year 2009 Annual Incentive Plan Criteria

The Annual Incentive Plan rewards performance based upon consolidated, business unit and individual results. The named executive officers are assigned the following Target Award Percentage of their base salary for fiscal year 2009 Annual Incentive Awards:

 

    Level    

   

Target Award Percentage

CEO

    110%

13

    95%

12

    75%

11

    65%

Awards are based upon the consolidated results of the Company and/or the individual’s business unit results. The weighting factors for corporate and business unit performance for named executive officers is as follows:

 

              Level              

   

Corporate / Business Unit Weight

CEO and Level 13

    100% / 0%

11-12

    80% / 20%

The payout multiple of a participant’s Target Award Percentage, depending upon whether threshold, target, distinguished or super-distinguished performance is achieved is as follows:

 

Payout Multiple of Target Award Percentage

     

Threshold

    25%

Target

    100%

Distinguished

    150%

Super-Distinguished

    200%

The consolidated results of the Company shall be measured based upon a pro forma return on equity (“ROE”) calculation. ROE shall be calculated as consolidated net income divided by consolidated pro forma equity.

 

E-13