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Exhibit 10-a-1
NORDSON CORPORATION
MANAGEMENT INCENTIVE COMPENSATION PLAN
1994 REVISION TO EXHIBITS A, B AND C
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EXHIBIT A
NORDSON CORPORATION
MANAGEMENT INCENTIVE COMPENSATION PLAN
ELIGIBLE POSITIONS FOR FY 1994 PLAN YEAR
- President and Chief Executive Officer
- Vice President
- Vice President
- Vice President
- President - Nordson K.K.
- President - Pacific/South Division
- President - European Division
- Vice President - Corporate Research and Technology
- Vice President - Finance and Controller
- Vice President - Law and Assistant Secretary
- Vice President - Manufacturing
- Vice President - Human Resources
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EXHIBIT B
NORDSON CORPORATION
TARGET INCENTIVE AWARDS
FY 1994 PLAN YEAR
Target
Position Title Incumbent Award Amount
- ------------------------ --------------- ------------
President and
Chief Executive Officer W. P. Madar $ 480,000
Vice President J. E. Jackson 149,500
Vice President E. P. Campbell 149,500
President -
European Division W. Bohm 143,000
Vice President R. E. Thayer 126,750
President -
Pacific/South Division D. J. McLane 117,000
Vice President - Finance
and Controller N. D. Pellecchia 85,250
Vice President - Law
and Assistant Secretary T. L. Moorhead 78,650
Vice President -
Manufacturing D. R. Bunch 77,000
Vice President - Corporate
Research and Technology R. G. Klein 77,000
Vice President -
Human Resources B. H. Fields 74,800
President - Nordson K.K. Y. Miyahara 73,450*
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Aggregate Target Award: $1,631,900
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<FN>
*Represents Yen 8,125,000 converted at the December 31, 1993
exchange rate of Yen 110.6 to the U.S. $1.
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EXHIBIT C
NORDSON CORPORATION
MANAGEMENT INCENTIVE COMPENSATION PLAN - FY 1994
PERFORMANCE COMPONENTS
________________________________________________________________
I. 70% of Target Award II. 30% of Target Award
RETURN ON CAPITAL PROFITABILITY
CORPORATE
GOAL 16% / Year 15% / Year
_________________________________________________________________
% of % of
Target Earnings Target
ROC Award Per Share Award
--- ------ --------- ------
PAYOUT
TABLES 8% -0- $2.13 -0-
12% 50 2.29 50
16% 100 2.45 100
20% and above 150 2.77 and above 150
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