Fiscal 2004 Executive Officer Bonus Plan

Summary

This agreement outlines the bonus plan for executive officers for fiscal year 2004. It specifies how bonuses are calculated based on the company's earnings, with no payments for earnings under $100,000. For higher earnings, specific percentages of income above certain thresholds are allocated as bonuses to eligible executives, with further splits between named individuals. The plan also addresses payments to associates who participated in a prior salary reduction program. The agreement sets clear conditions and limits for bonus eligibility and distribution.

EX-10.12 4 l08218aexv10w12.txt EX-10.12 EXHIBIT 10.12 Fiscal 2004 Bonus Plan For Executive Officers PRE-BONUS FISCAL 2004 EARNINGS PAYMENTS Less than $100,000 No Payments Less than $122,100 Pay all amounts greater than $100,000 to current associates who participated in the salary reduction program last year up to amounts not reimbursed (but no match) PRE-BONUS/POST SALARY REDUCTION PAYMENTS Less than $100,000 No Bonuses Greater than $100,000 50% of income in excess of $100,000 to members of Profit Team up to $10,000 each. Greater than $180,000 40% of income in excess of $180,000 up to $250,000 split between and RLF, 60%/40% respectively. Greater than $250,000 25% of income in excess of $250,000 split between JRF and RLF, 60%/40% respectively. Page 29