2009 Short-Term Incentive Plan for Andrew S. Heyman, COO
This agreement outlines the 2009 Short-Term Incentive Plan for Andrew S. Heyman, Chief Operating Officer, effective from January 1 to December 31, 2009. The plan provides for a potential bonus equal to 100% of Mr. Heyman's base salary, based on the achievement of company operating income goals. 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.
Exhibit 10.4
2009 Short-Term Incentive Plan of Andrew S. Heyman
2009 STI Goals
| Name: Andy Heyman | Job Title: COO | |
| Effective Dates of Plan: 1/1/09 – 12/31/09 | 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. |
