Exhibit 10.1
Myriad Genetics, Inc.
Management Performance - Incentive Bonus
Program
Fiscal Year 2010
The Compensation Committee of the
Board of Directors of Myriad Genetics, Inc. has implemented an
annual management performance - incentive bonus program for the
purpose of establishing annual performance objectives for our
executives, including our named executive officers, to align their
performance with the overall goals and objectives for Myriad. This
process commences in the fourth quarter of each fiscal year as each
executive meets with our President and CEO to discuss (i)
pre-determined financial targets related to the Company's
operations and (ii) management business objectives (collectively
"Performance Goals") for the ensuing fiscal year. After review and
discussion, our President and CEO finalizes each executive's
Performance Goals for the ensuing fiscal year. Similarly, our
President and CEO meets with the Compensation Committee at the end
of each fiscal year to propose his Performance Goals for the
ensuing fiscal year which, after review and discussion, are
finalized by the Compensation Committee. All executive Performance
Goals are then reported to the independent members of the Board of
Directors.
At the end of the ensuing fiscal
year, each executive's performance for the fiscal year is reviewed,
including an assessment by management and the Compensation
Committee of the achievement of these Performance Goals. As a part
of this review, we assess the degree of achievement of each of the
financial targets related to the Company's operations, each
executive officer's performance in each of the areas in which
individual management business objectives were established, the
financial performance of Myriad in the areas of responsibility of
the executive officer, the overall financial performance of Myriad,
and other significant accomplishments and contributions of the
executive officer. At this time, our President and CEO recommends
an incentive cash bonus amount and salary
