Precision Castparts Corp. Incentive Compensation Program for Human Capital Planning Performance

Exhibit 10.15

Precision Castparts Corp.

Incentive Compensation Program for Human Capital Planning Performance

1. Purpose/Method of Operation . The purpose of the Program is to reward the development, addition, retention and sharing of high potential employees among the Company’s manufacturing plants. The Program operates by adding to or subtracting from the bonus award otherwise payable to a participant under the Company’s executive incentive plans, and the Program is subject to the eligibility rules and general provisions of the applicable executive incentive plans.

2. Definitions. The following words as used herein have the meanings ascribed to each below: (a) “Board” means the Board of Directors of the Company; (b) “Committee” means the Compensation Committee of the Board; (c) “Company” means Precision Castparts Corp. and its subsidiaries; (d) “HCP Objectives” means the