50 of the Top 250 law firms use our Products every day
SUMMARY DESCRIPTION
OF
ANNUAL MANAGEMENT INCENTIVE COMPENSATION PLAN
As previously
disclosed in filings made with the Securities and Exchange
Commission, Gibraltar Industries, Inc. (the “Company”)
maintains an annual incentive compensation plan known as the
Management Incentive Compensation Plan (“MICP”) for the
benefit of its executive officers and other key employees of the
Company and its subsidiaries. The MICP is designed to provide an
alignment between the cash compensation paid to the Company’s
management and the interests of the Company’s stockholders by
rewarding management for performance that the Company believes will
lead to improvements in stockholder value.
In the
administration of the MICP, a targeted annual incentive
compensation award, which is equal to a stated percentage of a
participant’s annual base salary, is established for each
participant. Participants are entitled to payment of their targeted
annual incentive compensation award if the level of performance
achieved by the Company with respect to objectively
determinable
|