EX-10.13
from 10-K
11 pages
• You Will Be Eligible to Receive Annual Incentive Compensation Under Allegheny’s Annual Incentive Plan. Your Target Bonus Will Be 40% of Your Annual Base Salary and Your Maximum Bonus Will Be 80% of Your Annual Base Salary (Pro-Rated for 2003 Based Upon the Period of Your Employment). You Must Be Employed by Allegheny on the Date on Which Incentive Compensation Is Paid in Order to Be Eligible for Incentive Compensation Payments Thereunder. • You Will Be Eligible to Receive Up to $250,000 of Additional Incentive Compensation, as Follows: • You Will Receive $83,333 Upon Completion of the Filing of Allegheny’s 10-Qs for Each of the First Three Quarters of 2003 and for the Third Quarter of 2002, but Only if All of Such 10-Qs Are Filed by December 30, 2003. • You Will Receive $83,333 Upon the Filing of Allegheny’s 10-K for 2003, but Only if Such 10-K Is Filed by March 15, 2004. • You Will Receive $83,334 Upon Allegheny’s Receipt of a Management Letter From Its Independent Auditor With Respect to Its 2004 Audit, but Only if No Material Weaknesses Are Identified in Such Letter
12/34/56
