Description of the 2004 Profit Sharing Program

EX-10.6 4 c83745exv10w6.txt DESCRIPTION OF THE 2004 PROFIT SHARING PROGRAM EXHIBIT 10.6 2004 PERFORMANCE PROFIT SHARING PLAN Employees of the Company are eligible to receive cash profit sharing based on the 2004 year-end results of RTW, Inc. and its Subsidiary. Contributions to the profit sharing plan are based on exceeding the Company's pre-tax, pre-profit sharing, pre-investment income earnings plan for 2004. Thirty percent (30%) of any excess profit over the plan will be shared with employees. Profit sharing amounts will be distributed as a percentage (%) of salary and on a discretionary basis to employees. Any profit sharing plan payment will be made annually after completing the 2004 year-end audit. Executive officers, additionally, earn stock options based upon exceeding the company's pre-tax, pre-profit sharing pre-investment income earnings plan for 2004 and are eligible for an additional discretionary bonus. Executives are eligible for a fixed number of options, pro-rated on a sliding scale, in excess of the profit plan, up to a maximum level. Any stock option grant will be made annually after completing the 2004 year-end audit.