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Exhibit 10.17
TEXAS INDUSTRIES,
INC.
THREE-YEAR INCENTIVE
PLAN
adopted pursuant to
the
MASTER PERFORMANCE-BASED
INCENTIVE PLAN
This Three Year Incentive Plan is
adopted by the Compensation Committee of the Board of Directors
pursuant to the Texas Industries, Inc. Master Performance-Based
Incentive Plan (“Master Incentive Plan”). This
Three-Year Incentive Plan is subject to all of the terms and
conditions of the Master Incentive Plan. Terms not defined in this
Three-Year Incentive Plan have the same meanings as in the Master
Incentive Plan. Amendments and exceptions to this Three-Year
Incentive Plan may be made only in the manner provided in the
Master Incentive Plan.
The three fiscal years beginning
June 1, 2009 and ending May 31, 2012.
Participants are recommended by
management of the Company and approved by the Compensation
Committee.
Achievement of an Award is dependent
on attainment of a three year consolidated average return-on-equity
for the Performance Period (“ROE”) equal to or greater
than 14%.
ROE is the average of the net income
of the Company as a percentage of the average shareholders’
equity of the Company for each fiscal year in t
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