Amendment No. 4 to Werner Holding Co. (PA), Inc. Stock Incentive Plan

Summary

Werner Holding Co. (PA), Inc. has amended its Stock Incentive Plan to allow for new, revised EBITDA targets for certain participants, as designated by the Committee. Eligible participants will receive either an amendment to their existing agreement or a new agreement reflecting these changes. All other terms of the original plan remain unchanged. This amendment was approved by the company's Board of Directors on May 10, 2000.

EX-10.2 4 l00444aexv10w2.txt EX-10.2 AMD #4 - HOLDING CO. STOCK INCENTIVE PLAN Exhibit 10.2 AMENDMENT NO. 4 TO WERNER HOLDING CO. (PA), INC. STOCK INCENTIVE PLAN The Werner Holding Co. (PA), Inc. Stock Incentive Plan (the "Plan") is hereby amended as follows: 1. New, revised EBITDA targets as set forth below may be adopted for certain Participants in the Plan as designated by the Committee. Those Participants entitled to receive the revised EBITDA targets shall either enter into an amendment to the Participant's existing Agreement or a new Agreement reflecting such change. EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION (IN THOUSANDS OF DOLLARS) (A) (B) (C) Cumulative Fiscal Year Minimum Target Target ----------- ------- ------ ---------- 2000 60,000 75,000 141,000 2001 73,600 92,000 233,000 2002 88,000 110,000 343,000 2003 96,000 120,000 463,000 2004 104,800 131,000 594,000 2. All other provision of the Plan unchanged hereby shall continue in full force and effect. Pursuant to Werner Holding Co. (PA), Inc. Board of Directors action dated May 10, 2000.