Search Results  >  Agreement Preview
Agreement#: AG-460628
Pages: 5 pages
Format: MS Word, WordPerfect and other RTF formats are supported. MS Word Compatible
Price: $35.00
Click the "Add To Cart" button to download the full agreeement.
Add To Cart


See other similar agreements:

VP of Sales, Enterprise Networking Group Managment Incentive Plan

Effective Date: 1996
Parties:

ADC Telecommunications

Sectors: Telecommunications
ADC TELECOMMUNICATIONS
VP OF SALES, ENTERPRISE NETWORKING GROUP
MANAGEMENT INCENTIVE PLAN
FISCAL YEAR 1996


I. PLAN NAME AND EFFECTIVE DATE


The name of this Plan is the ADC Telecommunications, Inc. ("Company"), VP of Sales, Enterprise Networking Group Management Incentive Plan - Fiscal Year ("FY") 1996, effective November 1, 1995 through October 31, 1996.


II. PURPOSE


The purpose of the Plan is to provide, with full regard to the protection of shareholder's investments, a direct financial incentive for eligible management employees to perform an effective leadership role and make a significant contribution to the Company's established goals.


III. ADMINISTRATION


This Plan will be administered by a Management Incentive Plan Committee ("Committee") appointed and authorized by the Company's Board of Directors. Subject to the complete and full discretion of the Board of Directors, the Committee is authorized to make all decisions as required in administration of the Plan and to exercise its discretion to define, interpret, construe, apply and make any exceptions to the terms of the Plan.


IV. ELIGIBILITY


To qualify for participation under this Plan, the participant must be employed by ADC as VP of Sales, Enterprise Networking Group. No employee will become a participant in the Plan after May 1, 1996.


V. TIME OF PAYMENT


Payments which become due under this Plan will be made as soon as administratively feasible following the close of the Company's fiscal year.


VI. PLAN GOALS


The Plan reinforces the annual financial goals which support ADC's long-term strategic plans. The FY 1996 goal categories and weights for this Plan are as follows:


Enterprise Networking Group Revenue
Overall 40%
International 20%


Enterprise Networking Group Operating Profit 20%


* Individual Contribution 20%
----
TOTAL 100%


* The Individual Contribution goal measures your performance against pre-
determined objectives. The objectives are to be documented on the
attached "Individual Objecti ...

*End of Preview*
Click the 'Add to Cart' button to download the complete and formatted agreement.