MICRO THERAPEUTICS EXECUTIVE INCENTIVE COMPENSATION PLANExecutive Compensation Plan Agreement |
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Exhibit 10.48
MICRO THERAPEUTICS EXECUTIVE INCENTIVE COMPENSATION PLAN
ARTICLE I
GENERAL PROVISIONS
1.1 Purpose. The purpose of the Executive Incentive Compensation Plan (the “Plan) is to assist Micro Therapeutics, Inc. (the “Company”) in promoting and rewarding covered executives for achieving the goals and objectives that promote the interests of the Company and its stockholders.
1.2 Administration of the Plan. The Plan shall be administered by the Compensation Committee of the Board of Directors of the Company (the “Committee”). The Committee shall have the authority to interpret and construe the Plan and to adopt all necessary rules and regulations for administering the Plan. All decisions and determinations of the Committee with respect to the Plan shall be final and binding on all parties.
ARTICLE II
PARTICIPATION
2.1 Eligibility and
