PARKER-HANNIFIN CORPORATION VOLUME INCENTIVE PLAN,
EX-10.(A) 2 dex10a.htm PARKER-HANNIFIN CORPORATION VOLUME INCENTIVE PLAN, AS AMENDED AND RESTATED Parker-Hannifin Corporation Volume Incentive Plan, as amended and restated
Exhibit 10(a)
PARKER-HANNIFIN CORPORATION
VOLUME INCENTIVE PLAN,
Amended as of August 15, 2007
| Participants: | Group Presidents (excluding any Senior Vice President and Operating Officer), Trading Subsidiary Presidents and Group Operating Vice Presidents |
| Terms: | Participants will receive a bonus of 1 percent of base pay for each 1 percent increase in excess of a 10 percent increase, up to a 15 percent increase, in current fiscal year customer sales over previous fiscal year customer sales for their respective operations. Participants will receive a bonus of 2 percent of base pay for each 1 percent increase in customer sales above 15 percent. Participants are limited to an overall maximum bonus under the Plan of 15 percent of base pay. | |
