ADC TELECOMMUNICATIONS
VP OF SALES, BROADBAND CONNECTIVITY
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, Broadband Connectivity 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, Broadband Connectivity. 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:
Broadband Connectivity Revenue * Overall 50% ** Canada 10%
Broadband Connectivity Operating Profit 20%
*** Individual Contribution 20%
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TOTAL 100%
* Includes U.S. Broadband Connectivity, all of Canada; plus NSD and AVS for
Government and Systems Integration; excludes NSD Distribution.
** Includes Broadband Connectivity, Enterprise Networking Group, and
Transmission Group.
*** The Indivi ...
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