2005 Special Achievement Award Schedule for Executive Officer James M. Delaney

Summary

This document outlines a special achievement award granted to James M. Delaney, a named executive officer, in recognition of exceptional performance related to a procurement organization change. The award consists of 3,000 shares of restricted stock, which will fully vest after three years. The award is separate from the company's regular short-term incentive plan and is intended to acknowledge significant contributions outside of standard performance metrics.

EX-10.2 3 dex102.htm SCHEDULE OF SPECIAL ACHIEVEMENT AWARD TO CERTAIN NAMED EXECUTIVE OFFICER Schedule of special achievement award to certain named executive officer

EXHIBIT 10.2

 

Schedule of special achievement award to certain named executive officer

 

2005 SPECIAL AWARDS

 

Background

 

From time to time unusual events merit awards for outstanding individual performance outside of the short-term incentive plan. Special events such as restructurings, mergers and acquisitions or comprehensive programs have been the basis for special recognition in the past.

 

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2005 SPECIAL AWARDS

 

Procurement Organization Change

 

•      James M. Delaney

     3,000   

shares of restricted stock 100% vesting after 3 years