The Sportsman's Guide, Inc. Annual Bonus Program Agreement (2004)

Summary

The Sportsman's Guide, Inc. has established an annual bonus program for its employees and executive officers, based on the company's pre-tax earnings. For 2004, the Compensation Committee set specific earnings targets that determine the size of the bonus pool, which starts at $50,000 and can increase based on company performance. The Chief Executive Officer allocates bonuses to eligible employees, while the Compensation Committee approves the CEO's own bonus. This program aims to reward employees for meeting corporate financial goals within the year.

EX-10.2 3 c89618exv10w2.txt ANNUAL BONUS PROGRAM Exhibit 10.2 THE SPORTSMAN'S GUIDE, INC. ANNUAL BONUS PROGRAM The Sportsman's Guide, Inc.'s annual bonus program provides for the payment of cash bonuses to employees and executive officers based upon achievement of pre-determined corporate performance goals. For 2004, as in past years, the Compensation Committee of the Board of Directors has established specific levels of Company pre-tax earnings as the performance measure for determining cash bonuses. The bonus pool can range from $50,000 at the threshold pre-tax earnings level increasing to $350,000 plus 30% of the excess over the maximum pre-tax earnings level. The Company's Chief Executive Officer is authorized to allocate the bonus pool among eligible employees at the end of the year. The Compensation Committee approves the bonus paid to the Chief Executive Officer.