Attached files
file | filename |
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EX-4.4 - EX-4.4 - TALBOTS INC | b81238exv4w4.htm |
EX-4.1 - EX-4.1 - TALBOTS INC | b81238exv4w1.htm |
EX-10.9 - EX-10.9 - TALBOTS INC | b81238exv10w9.htm |
EX-32.1 - EX-32.1 - TALBOTS INC | b81238exv32w1.htm |
EX-31.2 - EX-31.2 - TALBOTS INC | b81238exv31w2.htm |
EX-31.1 - EX-31.1 - TALBOTS INC | b81238exv31w1.htm |
EX-10.8 - EX-10.8 - TALBOTS INC | b81238exv10w8.htm |
EX-10.12 - EX-10.12 - TALBOTS INC | b81238exv10w12.htm |
EX-10.11 - EX-10.11 - TALBOTS INC | b81238exv10w11.htm |
EX-10.10 - EX-10.10 - TALBOTS INC | b81238exv10w10.htm |
10-Q - THE TALBOTS, INC. - TALBOTS INC | b81238e10vq.htm |
Exhibit 10.13
2010 Management Incentive Plan Performance Criteria
Under the Management Incentive Program (MIP) of The Talbots, Inc. (the Company), based on
and subject to achieving pre-established financial performance goals, cash incentive awards may be
made annually to those eligible management employees who are in certain position levels within the
Company including executive officers. Under the MIP, the following formula will be applied in
determining annual incentive compensation awards for fiscal 2010: base annual salary x executives
target incentive percentage x performance achievement rating. For fiscal 2010, the Compensation
Committee of the Board of Directors (the Committee) approved the following objective performance
measures under the MIP: income from continuing operations (60%), return on invested capital (20%)
and achievement of individual goals (20%). For each financial performance measure, a participant
earns 50% of his or her target award if actual achievement equals threshold performance; 100% of
his or her target award if achievement equals target performance; and 200% of his or her target
award if achievement is equal to or above maximum performance. Achievement below threshold for
any performance measure results in no award for that performance measure. If actual achievement is
below threshold for operating income from continuing operations, no annual cash incentive award
will be payable for any of the MIP performance measures. Awards made under the MIP are subject to
the discretion of the Committee.