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Latshaw Enterprises Inc

Material Contracts Filter

EX-10
from 10-K 1 page Exhibit (10)(a) Fiscal 1997 Key Management Bonus System Wescon Products President 1. Minimum Entry Level for Participation in the Bonus Program Is at a 12% Corporate Return on Investment. 2. the Maximum Level Up to Which Bonus Payments Will Be Made Is a 26% Corporate Return on Investment Per the Table Below. Key Management a Bonus Amount Equal to 112.5% of President's Bonus Will Be Allocated for the President to Make Discretionary Distribution in Amounts and to Participants of His Choice. Payments 1. This Plan Is for Fiscal 1997 Only. 2. Payment Will Be Made by December 31, 1997, Based on Audited Fiscal Results. 3. to Receive the Bonus Due December 31, 1997, the Employee Must Be Active and on the Payroll at Fiscal Year End. Bonus Table Fiscal 1997 Plan Bonus Earned 1997 Corporate Roi President Discretion Total <table> <c> <c> <s> <c> <s> <c> 12% 11% of Salary 12% of Salary $ 40,000 15% 25% of Salary 28% of Salary 93,000 18% 30% of Salary 34% of Salary 113,000 21% 35% of Salary 39% of Salary 130,000 26% 43% of Salary 48% of Salary 160,000 </Table> <page> Definitions 1. "Wescon Products" Is the Wescon Consolidated Operations Including the Assets, Liabilities, Revenue and Expenses Identifiable as Consumer Products and I.H. Molding, Inc. 2. "Corporate Investment" Is the Monthly Average of the Total of All the Assets Less the Liabilities to Outside Third Parties in Wescon. 3. "Corporate Return on Investment" Is Wescon Products' Consolidated Annual Operating Profit Before Income Taxes Divided by the Average Monthly Corporate Investment in Wescon
12/34/56
EX-10
from 10-K 1 page Exhibit (10)(a) Fiscal 1996 Key Management Bonus System Wescon Products President 1. Minimum Entry Level for Participation in the Bonus Program Is at a 12% Corporate Return on Investment. 2. the Maximum Level Up to Which Bonus Payments Will Be Made Is a 26% Corporate Return on Investment Per the Table Below. Key Management a Bonus Amount Equal to 112.5% of President's Bonus Will Be Allocated for the President to Make Discretionary Distribution in Amounts and to Participants of His Choice. Payments 1. This Plan Is for Fiscal 1996 Only. 2. Payment Will Be Made by December 31, 1996, Based on Audited Fiscal Results. 3. to Receive the Bonus Due December 31, 1996, the Employee Must Be Active and on the Payroll at Fiscal Year End. Bonus Table Fiscal 1996 Plan Bonus Earned 1996 Corporate Roi President Discretion Total <table> <c> <c> <s> <c> <s> <c> 12% 11% of Salary 12% of Salary $ 40,000 15% 25% of Salary 28% of Salary 93,000 18% 30% of Salary 34% of Salary 113,000 21% 35% of Salary 39% of Salary 130,000 26% 43% of Salary 48% of Salary 160,000 </Table> <page> Definitions 1. "Wescon Products" Is the Wescon Consolidated Operations Including the Assets, Liabilities, Revenue and Expenses Identifiable as Consumer Products and I.H. Molding, Inc. 2. "Corporate Investment" Is the Monthly Average of the Total of All the Assets Less the Liabilities to Outside Third Parties in Wescon. 3. "Corporate Return on Investment" Is Wescon Products' Consolidated Annual Operating Profit Before Income Taxes Divided by the Average Monthly Corporate Investment in Wescon
12/34/56