EXHIBIT 10-m
ADC TELECOMMUNICATIONS
VP OF SALES AND CUSTOMER SERVICE
MANAGEMENT INCENTIVE PLAN
FISCAL YEAR 1995
ADC TELECOMMUNICATIONS
VP OF SALES AND CUSTOMER SERVICE
MANAGEMENT INCENTIVE PLAN
FISCAL YEAR 1995
PLAN NAME AND EFFECTIVE DATE
The name of this Plan is the ADC Telecommunications, Inc. ("Company"), VP of Sales and Customer Service Management Incentive Plan - Fiscal Year ("FY") 1995 effective November 1, 1994 through October 31, 1995.
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.
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.
ELIGIBILITY
To qualify for participation under this plan, the employee must be employed by ADC as VP of Sales and Customer Service.
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.
PLAN GOALS
The Plan reinforces the annual financial goals which support ADC's long-term strategic plans. The FY 1995 goal categories and weights are as follows:
Revenue:
Total (includes ATM) 40%
Network Services (includes Canada) 20%
Canada (includes ALS and Kentrox) 10%
Expense (without incentives)/Revenue Ratio 10%
*Individual Contribution 20%
--- TOTAL 100%
The Individual Contribution goal measures your performance against pre- determi ...
*End of Preview*
Click the 'Add to Cart' button to download the complete and formatted agreement.