Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K COMPENSATION ISSUES 12-2-09 - ICO INC | form8k-compissues120209.htm |
| EX-10.4 - EXHIBIT 10.4 - LEUSCHNER RETENTION AGREEMENT - ICO INC | exhibit10-4.htm |
| EX-10.1 - EXHIBIT 10.1 - FY 2010 ANNUAL INCENTIVE BONUS PLAN - BUSINESS UNIT PRESIDENTS - ICO INC | exhibit10-1.htm |
| EX-10.2 - EXHIBIT 10.2 - FY 2010 ANNUAL INCENTIVE BONUS PLAN - CFO - ICO INC | exhibit10-2.htm |
ICO,
Inc.
FY
2010 Annual Incentive Bonus Plan - CEO
|
The following is the formula for calculating the FY 2010 Annual Incentive
Bonus for the Chief Executive Officer, A. John Knapp, Jr.:
The
sum of the Annual Incentive Bonuses paid to the Company’s other five
ELT members based on FY 2010 performance, in accordance with their
respective FY 2010 Annual Incentive Bonus Plans
divided
by:
The
sum of the FY 2010 Base Salaries of the Company’s other five ELT
members
multiplied
by:
Mr.
Knapp’s FY 2010 Annual Base Salary
For
the purpose of the above formula, “the other five ELT members” are (1)
Donald Eric Parsons, President – ICO Polymers North America; (2) Stephen
E. Barkmann, President – Bayshore Industrial; (3) Derek R. Bristow –
President, ICO Europe and Asia Pacific; (4) Bradley T. Leuschner – Chief
Financial Officer; and (5) Charlotte Fischer Ewart, General
Counsel.
Additional Provisions
For
the purpose of this paragraph, termination for “Cause” and “Good Reason”
have the meanings ascribed to those terms in the ICO, Inc. Change in
Control Severance Plan and the Business Unit President’s Participation
Agreement in relation thereto. The CEO will not be entitled to
a bonus under this Plan, or otherwise with respect to FY 2010, if, prior
to October 1, 2010 (a) he resigns from employment with the Company (except
in the case of resignation or termination for Good Reason), or (b) he is
terminated from employment for “Cause.” If the CEO is terminated without
cause, a pro rata bonus will be paid to him following the conclusion of
fiscal year 2010, in no event later than December 15, 2010.
|