2011 Short-Term Incentive Plan Agreement for Andrew S. Heyman, COO

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2011 Short-Term Incentive Plan for Andrew S. Heyman, Chief Operating Officer, effective from January 1, 2011, to December 31, 2011. Under the plan, Mr. Heyman is eligible to earn an incentive equal to 100% of his base salary, based on the company's adjusted operating income performance. The payout is structured so that 67% is paid at the budget level and 33% is paid linearly between the budget and target levels. The plan is managed by John Heyman and applies to the Industries business unit.

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EX-10.4 5 dex104.htm 2011 SHORT-TERM INCENTIVE PLAN OF ANDREW S. HEYMAN 2011 Short-Term Incentive Plan of Andrew S. Heyman

Exhibit 10.4

Short-Term Incentive Plan of Andrew S. Heyman

2011 STI Goals

 

Name: Andy Heyman    Job Title: COO
Effective Dates of Plan: 1/1/11 – 12/31/11    Business Unit: Industries
STI Potential: 100% of Base Salary    Manager: John Heyman

Goals:

 

Goal Description

   Weight     Payout
Timing		     

Budget

(show qtrly if
applicable)

   

Target

(show qtrly if

applicable)

    Comments

Company Adjusted Operating Income –

67% paid at Budget &

33% paid linearly between

Budget & Target

     100 %      Annual       Q1 = N/A    Q1 = N/A   
       Q2 = N/A    Q2 = N/A   
       Q3 = N/A    Q3 = N/A   
       Q4 = N/A    Q4 = N/A   
       Annual = [xxxxxx]*    Annual = [xxxxxx]*   

 

 

* Filed under an application for confidential treatment.