Amendment to Winnebago Industries, Inc. Officers Incentive Compensation Plan (2000-2001)

Summary

Winnebago Industries, Inc. amended its Officers Incentive Compensation Plan for the 2000-2001 fiscal period. The Board of Directors, following the Compensation Committee's recommendation, approved changes allowing performance to be measured solely by the company's earnings per share (EPS) compared to the financial plan. The resulting performance was used to determine incentive payouts as a percentage of pre-set compensation targets. This amendment clarifies how officer bonuses are calculated for the specified period.

EX-10.E 4 winnebago014695_ex10e.txt OFFICERS INCENTIVE COMP PLAN-PLAN AMENDMENT EXHIBIT 10e. WINNEBAGO INDUSTRIES, INC. OFFICERS INCENTIVE COMPENSATION PLAN GROUP A - OFFICERS FISCAL PERIOD 2000-2001 PLAN AMENDMENT On June 20, 2001, the Winnebago Industries, Inc. Board of Directors approved a Plan amendment to the Officers Incentive Plan for fiscal period 2000-2001 as recommended by the Compensation Committee. As provided by the Plan, the Committee does have the discretion and authority to make any and all determinations necessary or advisable for administration of the Plan and may amend or revoke any rule or regulation so established for the proper administration of the Plan. The Committee exercised its discretion and received approval from the Board during the third and fourth quarters of fiscal 2001 by measuring performance using only the EPS element of the Plan against the financial plan as established. The performance measurement was then expressed as a percentage (Financial Factor) against the compensation targets previously established by the Board of Directors in accordance with the Plan.