Looking for an agreement? Search from over 1 million agreements now.

Business Development

This is an actual contract by ADC Telecommunications.

Save time and money with our Premium Packages.
Buy all (8) recommended agreements for
$140.00 (50% savings)
Agreement Preview
Sectors: Telecommunications
Effective Date: January 01, 1994
Search This Document
Exhibit 10-c


ADC TELECOMMUNICATIONS
BUSINESS DEVELOPMENT
MANAGEMENT INCENTIVE PLAN
FISCAL YEAR 1994


ADC TELECOMMUNICATIONS
BUSINESS DEVELOPMENT
MANAGEMENT INCENTIVE PLAN
FISCAL YEAR 1994


I. PLAN NAME AND EFFECTIVE DATE


The name of this Plan is the ADC Telecommunications, Inc. ("Company"), Business Development Management Incentive Plan - Fiscal Year ("FY") 1994, effective November 1, 1993 through October 31, 1994.


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


The Committee will establish rules of eligibility for participation in the Plan and determine eligibility in accordance with those rules. Participation will be effective as of the date approved by the Committee and will be communicated to the participant by an incentive opportunity statement ("Participant Form") specifying the target incentive level for the position held by the participant. No employee will become a participant in the Plan after May 1, 1994.


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 1994 goal categories and weights for Business Development participants are as follows:


Corporate Revenue 20%


Corporate Operating Profit
-- End of Preview --
Home| About Us| FAQ| Subscription | Contact Us |

Privacy Policy   Terms of Service  18.232.147.215