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Filing tables
Filing exhibits
- 10-K Annual report
- 10.5 Fourth Amendment to Karp Employment Agreement
- 10.7 Amendment 1 to the Karp Consulting Agreement
- 10.11 Third Amendment to O'hagan Employment Agreement
- 10.16 Amentmend 1 to the Mckee Employment Agreement
- 10.24 Summary Description of 2009 Incentive Plan
- 21.0 Subsidiaries
- 23.0 Consent
- 31.1 Section 302 Certification of the CEO
- 31.2 Section 302 Certification of the CFO
- 32.1 Section 906 Certification of the CEO
- 32.2 Section 906 Certification of the CFO
Related press release
MLI similar filings
Filing view
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2009 INCENTIVE PLAN FOR CERTAIN KEY EMPLOYEES
The Company has a discretionary annual incentive program under which exempt salaried employees (other than the Chairman) may earn cash payments based on a percentage of base annual salary. The actual percent is based on a variety of guidelines including the performance levels of the respective business units measured by operating income subject to certain adjustments.
The payment to an employee is based upon (i) their assigned grade level, (ii) actual company earnings achieved relative to a pre-determined target, which is adjusted upward if company performance exceeds target and reduced if company performance is less than target, (iii) base salary paid during the fiscal year, and (iv) discretionary ranking of the individual's performance.