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2009 Executive Bonus
Plan
STRUCTURE: This
2009 Executive Bonus Plan (the “Plan”) is intended to
be an incentive bonus plan. The Company may, but is not obligated
to, pay discretionary bonuses outside the Plan. This Plan is
intended to be exempt from Section 409A of the Internal
Revenue Code under Treasury Regulation Section 1.409A-1(b)(4)
and will be construed and administered consistently therewith to
the greatest extent possible.
ELIGIBILITY.
All executive officers, including the chief executive officer, are
eligible for participation in the Plan, subject to their continued
employment throughout fiscal year 2009. No bonus amounts will be
paid under the Plan if an otherwise eligible executive’s
employment terminates prior to December 31, 2009. The
Compensation Committee will determine whether newly hired or
promoted executives may be eligible for participation in the Plan,
and if so, the applicable terms of participation (consistent with
the terms of this Plan).
ADMINISTRATION.
The Plan is administered by the Compensation Committee. All
determinations under the Plan will be made by the Co
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