EX-10.1
from 10-Q
1 page
Title: Senior Vice President, General Counsel and Corporate Secretary Location: Highland Heights, Ky Effective Date: January 12, 2015 Reports To: President and Chief Executive Officer, General Cable Corporation Base Salary: Annual Base Salary of $325,000 (Usd), Paid in Bi-Weekly Installments and Subject to Deductions for Taxes and Other Withholdings as Required by Law or the Policies of the Company. Annual Incentive Awards: You Will Be Eligible to Participate in the Global Annual Incentive Plan (Gaip) Design for All Members of the Operating Committee With a Target of $225,000 (Usd). Overall Performance Measurements Will Consist of 80% Financial (65% EBITDA and 15% CCC in Days) and 20% Strategic, and Will Be Allocated Based on Your Corporate Role. Long-Term Incentive Awards: You Will Be Eligible for Long-Term Incentive (Lti) Awards Under the Company’s 2005 Stock Incentive Plan With an Annual Target Value of $550,000. Key Features of the Plan Design Are Currently Being Reviewed and in Discussion With Compensation Committee, and Will Be Confirmed No Later Than Feb. 2015. Executive Severance: You Will Be Eligible for the Executive Severance Plan, Which Includes; 18 Months’ Pay for Involuntary Termination, Plus 1.5 Target Bonus, Plus Prorated Bonus. Included Is a Change in Control Provision of 24 Months’ Pay, 2 Times Target Bonus and an Annual Prorated Bonus. in Addition, You Will Receive Medical Coverage Continuation and Outplacement Services
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