Exhibit
10.L.3
FINOVA 2009 Annual Incentive
Plan Rules
March 2009
All employees who
are in good standing as at January 1 st 2009
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2.
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Performance
Incentive Bonuses:
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Incentive
Amounts All
participants may be paid a percentage of their earnings paid from
January 1, 2009 to December 31, 2009. Earnings include
pay for regular time, overtime, holiday and PTO. It excludes
payments received for short-term disability, sick pay, payment
under any recognition program or other bonus plan. The bonus
percentage will be based on participant’s pay grade and
criticality. The amount of the bonus will be subject to the
recommendation of the participant’s supervisor and the
approval of the CEO.
Form and Timing of Incentive
Payment . All
Incentive Bonuses will be paid as lump sums, less applicable taxes,
by the last working day of January 2010. Participants, whose
employment involuntarily terminates during 2009, other than for
cause or documented unsatisfactory performance, will receive any
bonus award on the payroll covering the employee’s last date
of employment. Payment of the bonus will be on the recommendation
of the employee’s supervisor and the approval of the CEO
after a review of performance and transition of duties before
termination.
Incentive Plan Bonus
Payments The Plan has
been specifically designed to be discretionary in nature. Factors
bearing on an employee’s individual bonus aw
