Robinson Nugent, Inc. Bonus Plan Summary for Fiscal Year Ending June 30, 2001
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Summary
Robinson Nugent, Inc. has established a bonus plan for its executive officers and key employees for the fiscal year ending June 30, 2001. If the company's consolidated pretax income surpasses the target set in the 2001 financial plan, 10% of the excess amount will be allocated for bonuses. The President and CEO will decide how much each eligible executive and key employee receives. This plan is intended to reward performance that exceeds financial goals.
EX-10.8 2 ex-10_8.txt EX-10.8 EXHIBIT 10.8 ROBINSON NUGENT, INC. SUMMARY OF ROBINSON NUGENT, INC. BONUS PLAN FOR FISCAL YEAR ENDING JUNE 30, 2001 The Board of Directors has adopted a bonus plan for executive officers and key employees for fiscal year 2001. Under the bonus plan for executive officers and key employees for fiscal 2001, if consolidated pretax income exceeds the amount specified in the 2001 financial plan, an amount equal to 10% of that excess will be available for payment of bonuses. The bonus amount payable to each of the executive officers and key employees will be determined by the President and Chief Executive Officer of the Company. 61
