Short-Term Incentive Plan Agreement for Andrew S. Heyman (2010)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2010 Short-Term Incentive Plan for Andrew S. Heyman, Chief Operating Officer, effective from January 1 to December 31, 2010. The plan, managed by John Heyman, sets incentive compensation at up to 100% of Mr. Heyman's base salary, based on achieving specific company operating income goals. Payouts are determined annually, with 67% paid at the budget level and the remaining 33% paid linearly between budget and target. Certain financial details are confidential.

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EX-10.4 5 dex104.htm 21010 SHORT-TERM INCENTIVE PLAN OF ANDREW S. HEYMAN 21010 Short-Term Incentive Plan of Andrew S. Heyman

Exhibit 10.4

Short-Term Incentive Plan of Andrew S. Heyman

2010 STI Goals

 

Name: Andy Heyman    Job Title: COO
Effective Dates of Plan: 1/1/10 – 12/31/10    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 Operating Income –

67% paid at Budget &

33% paid linearly between

Budget & Target

      100%      Annual     

Q1 = N/A

Q2 = N/A

Q3 = N/A

Q4 = N/A

Annual = [xxxxxx]*

     

Q1 = N/A

Q2 = N/A

Q3 = N/A

Q4 = N/A

Annual = [xxxxxx]*

   

 

* Filed under an application for confidential treatment.