Attached files
| file | filename |
|---|---|
| EX-21 - EXHIBIT 21 - UFP INDUSTRIES INC | c12957exv21.htm |
| EX-13 - EXHIBIT 13 - UFP INDUSTRIES INC | c12957exv13.htm |
| EX-23 - EXHIBIT 23 - UFP INDUSTRIES INC | c12957exv23.htm |
| EX-31.B - EXHIBIT 31(B) - UFP INDUSTRIES INC | c12957exv31wb.htm |
| EX-10.G - EXHIBIT 10(G) - UFP INDUSTRIES INC | c12957exv10wg.htm |
| EX-14.A - EXHIBIT 14(A) - UFP INDUSTRIES INC | c12957exv14wa.htm |
| EX-31.A - EXHIBIT 31(A) - UFP INDUSTRIES INC | c12957exv31wa.htm |
| EX-10.J.2 - EXHIBIT 10(J)(2) - UFP INDUSTRIES INC | c12957exv10wjw2.txt |
| EX-10.A.5 - EXHIBIT 10(A)(5) - UFP INDUSTRIES INC | c12957exv10waw5.txt |
| EX-10.A.6 - EXHIBIT 10(A)(6) - UFP INDUSTRIES INC | c12957exv10waw6.txt |
| 10-K - FORM 10-K - UFP INDUSTRIES INC | c12957e10vk.htm |
| EX-32.A - EXHIBIT 32(A) - UFP INDUSTRIES INC | c12957exv32wa.htm |
| EX-32.B - EXHIBIT 32(B) - UFP INDUSTRIES INC | c12957exv32wb.htm |
Exhibit 10(f)
PERFORMANCE BONUS PLAN
SUMMARY PLAN DESCRIPTION
SUMMARY PLAN DESCRIPTION
| A. | ELIGIBILITY REQUIREMENTS. A participant must be salaried and employed
by the Company at the beginning of the new calendar year in order to
participate in the Company Salaried Performance Bonus Plan (the
“Plan”). Employees compensated under other incentive programs may be
excluded from the Plan. |
|
| B. | BONUS CALCULATION. A participant’s bonus is calculated as follows
[(Participant’s Percentage “PP”)(Bonus Pool “BP”) = Participant’s
Bonus Amount]: |
| 1. | The participant’s base percentage of the bonus pool is determined at the beginning
of the year. The participant may also be eligible for a portion of any unallocated
percentage. This unallocated portion, called the discretionary percentage, is allocated
after the close of the year based on individual performance and other subjective
standards. The total of the base percentage and the discretionary percentage for each
participant equals the total Participant’s Percentage “PP”. |
||
| 2. | The bonus pool is calculated by multiplying the Pre-Bonus Operating Profit (PBOP)
for the business unit times the bonus rate factor. The bonus rate factor is determined by
the Pre-Bonus Return on Investment (PBROI) of the business unit. |
||
| 3. | The PBROI of a business unit is determined by dividing PBOP, minus income taxes, by
the business unit’s Investment. |
||
| 4. | The bonus rate factor is listed on the rate chart for the business unit. |
| C. | BONUS LIMITATIONS. If the calculated bonus for a participant exceeds the participant’s base
salary, the maximum amount of bonus the participant may receive is limited to 1.75 times his
or her current base salary. |