Management Incentive Plan for Annual Stock Option Grants and Discretionary Cash Awards

Summary

This agreement outlines the Company's Management Incentive Plan, which provides annual stock option grants to key management employees to attract and retain talent and align their interests with shareholders. Grants are awarded on the first day of each fiscal year, starting July 1, 2000, and the amount varies for each participant. Any cash incentive awards are discretionary and require approval from the Management Development and Compensation Committee.

EX-10.Z 2 a2025606zex-10_z.txt EXHIBIT 10.Z MANAGEMENT INCENTIVE PLAN As the primary incentive in attracting and retaining key management employees, and in aligning management interests with the interests of all shareholders in building shareholder value, the Company provides annual stock option grants to its members of management, with grants for each participant ranging from none to the maximum indicated in his participant range, with such grants to occur on the first day of each fiscal year according to the terms of the Plan, beginning July 1, 2000. Any cash incentive awards to management shall be discretionary in nature, and will only occur in such amounts as approved by the Management Development and Compensation Committee.