Exhibit 10.55
JOHNSONDIVERSEY, INC.
RESTRUCTURING INCENTIVE PLAN PLAN HIGHLIGHTS
Plan Name JohnsonDiversey, Inc. Restructuring Incentive Plan (the " Plan" ). Effective Date of the Plan The effective date of the Plan is January 1, 2006. Participants Participants in the Plan are select key executives JohnsonDiversey, Inc. (the " Company" ), designated by the Compensation and Management Succession Committee of the Board of Directors (the " Committee" ). Individual Target
Awards and Payment
Range Individual Target Awards for participants, the payout range for each performance year, within a possible range of 0% to 200% of an Individual Target Award, and the Performance Targets applicable to a Participant for a fiscal year will be established by the Committee. For regional participants, the criteria relate to the relevant regional performance; for global participants, the criteria relate to total Company performance. Performance Targets are cumulative. Criteria for Establishing
Performance Targets
Performance is assessed against specific budgeted targets for certain performance criteria. Up to three performance metrics will be utilized to measure performance:
(a) EBITDA improvement;
(b) Containment of one-time costs and capital expenditures associated with restructuring; and
(c) Successful divestiture of certain identified business units. Details of Performance
Metrics EBITDA ...
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