Exhibit 10.3
[Insert Fiscal Year] Annual Incentive Plan
This document sets forth the SpartanNash Company Annual Incentive Plan “AIP” for awards made during the fiscal year beginning [Insert Start of Fiscal Year] (“Fiscal Year”).
For purposes of the AIP, [Insert narrative description of Performance Measurement].
[Insert Performance Measurement] | |||
Performance Level | Achievement % | AIP Payout % | [Insert Performance Measurement] |
Threshold | [Insert Percentages] | [Insert Percentages] | [Insert Thresholds] |
- |
|
|
|
- |
|
|
|
Target |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
Maximum |
|
|
|
1
Exhibit 10.3
2
Exhibit 10.3
3
Exhibit 10.3
4
Exhibit 10.3
5
Exhibit 10.4
Appendix A - Retail Store Participants
Includes: Retail VP’s who manage District Managers, District Managers, Store Directors, Assistant Store Directors, Department Managers, Fuel Center Managers, and other eligible Retail Store Associates.
Retail participants will have [Insert Percentage] of their AIP payout based on Corporate results and [Insert Percentage] based on Retail Store results. SpartanNash must achieve the threshold level of performance for [Insert Performance Metric] for any payout based on retail store financial goals. Retail Store [Insert Performance Metric] must achieve the threshold level of performance for the Sales goal to pay out.
Each retail store will have its own budget for Earnings and Sales. District Managers and VPs responsible for groups of stores will have their bonus attainment based on the collective attainment of the stores they are responsible for.
Retail Store Goal payout scales are as follows: [Insert Performance Measurements(s)]
| ||
Performance Level | Achievement % | AIP Payout % |
Threshold | [Insert Percentages] | [Insert Percentages] |
- |
|
|
- |
|
|
Target |
|
|
- |
|
|
- |
|
|
- |
|
|
Maximum |
|
|
[Insert Description Modifiers]
[Insert Metric(s)] | ||
Performance Level | % of Budget | Payout |
Threshold | [Insert Percentages] | [Insert Percentages] |
- |
|
|
- |
|
|
- |
|
|
Target |
|
|
- |
|
|
- |
|
|
- |
|
|
Maximum |
|
|
[Insert additional performance and/or payout conditions, if relevant.]
6