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Fiscal Year 2010 BioMeasurement
Division Management Bonus Plan
of Hutchinson Technology Incorporated
We have a fiscal
year 2010 management bonus plan that covers executive officers and
certain other management-level employees of our BioMeasurement
Division. The plan is designed to create an incentive for
management of our BioMeasurement Division to achieve goals that our
board of directors believes align with the interests of our
long-term shareholders. The plan design includes an annual
corporate financial goal as well as additional division strategic
goals. Individual bonus targets, expressed as a percentage of base
salary, are approved for all executive officers by our board of
directors upon the recommendation of the board’s compensation
committee.
Forty percent of
the bonus target is dependent on our achievement of an annual
corporate financial goal, which is set giving consideration to both
near- and long-term financial performance. For fiscal year 2010,
sixty percent of the corporate financial goal is based on our
earnings before taxes (“EBT”), and the remaining forty
percent of the corporate financial goal is based on our cash and
liquid investments
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