EX-10.1
from 8-K
155 pages
Amended and Restated Receivables Funding and Administration Agreement Dated as of May 20, 2011 by and Among Rexnord Funding LLC, as Borrower, the Financial Institutions Signatory Hereto From Time to Time, as Lenders, and General Electric Capital Corporation, as a Lender, as Swing Line Lender and as Administrative Agent
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EX-10.20
from 10-Q
4 pages
Plan Name: Rexnord LLC Management Incentive Compensation Plan (Micp) Plan Objectives: Establish a Meaningful Variable Compensation Component of an Attractive Pay-For-Performance Total Cash Compensation Program Designed to Support the Achievement of Outstanding Strategic, Financial and Operational Performance Plan Term: The Plan Commences on the First Day of the Fiscal Year and Ends on the Last Day of the Fiscal Year Plan Eligibility: As Approved by the Rexnord Management Compensation Committee Target Bonus Levels: Determined Based on a MIX of Level-Of-Impact Toward the Achievement of Company Objectives, and Sound Pay-For-Performance Total Cash Compensation Guidelines Performance Measures: • Budgeted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) • Debt Reduction or Divisional Cash Flow • Non-Financial Objectives (Personal Performance Factor) Plan Design: • Payout Determined by Formula: Year End Base Salary X Individual Target Bonus % X Financial Factor* X Personal Performance Factor = Bonus Payout * Note – Financial Factor May Be Determined by a “MIX” of More Than One Organizational Financial Factor (Percentage Weighted – Example: 80% Division + 20% Corporate) • Performance Criteria: • Team Achievements = Financial Factor • Individual Achievements (Aip’s) = Personal Performance Factor Financial Factor: • Based on EBITDA and Debt Reduction or Divisional Cash Flow * Note – % Weighting of EBITDA and Debt Reduction Will Be Established Annually by the Compensation Committee of the Board of Directors • Financial Thresholds: In Order to Align Management and Shareholder Objectives, the Minimum Threshold for Either EBITDA and Debt Reduction or Divisional Cash Flow Must Be Achieved in Order to Trigger a Potential Bonus Payment for That Component Under the Plan (“The Cliff”)
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