Summary of 2004 Team Member Profit Sharing Plan
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Profit Sharing Plans
Summary
This agreement outlines the 2004 Team Member Profit Sharing Plan, which provides eligible employees with a share of a profit pool based on the company's pre-tax income exceeding certain earnings per share targets in 2004. The distribution is proportional to each participant's base salary and participation percentage. Employees must have been hired by December 31, 2003, and still be employed at the time of payment in 2005 to qualify. Those hired between July 1 and December 31, 2003, receive a reduced share.
EX-10.39 3 k82945exv10w39.txt SUMMARY OF 2004 TEAM MEMBER PROFIT SHARING PLAN EXHIBIT 10.39 SUMMARY OF 2004 TEAM MEMBER PROFIT SHARING PLAN Under the 2004 Team Member Profit Sharing Plan (the "Plan"), a Pool of Funds will be generated based upon a portion of each dollar of pre-tax income earned above certain progressive earnings per share targets in fiscal year 2004. The profit sharing pool will be distributed pro rata according to each team member's predetermined participation percentage. Team member participation percentages are stated as a percentage of base salary. Participating team members must be employed on or before December 31, 2003 in order to be eligible. Those hired between July 1, 2003 and December 31, 2003 will receive a pro-rata portion of their individual participation percentage. Participating team members must be employed by the Company at the date of the payment in fiscal year 2005.
