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FL » Topics » Annual Bonus

This excerpt taken from the FL DEF 14A filed Apr 10, 2006.
Annual Bonus. Executive officers participate in the annual bonus program, which provides for payment of a percentage multiple of the executive's base salary depending upon the Company's performance in relation to targets established by the Committee at the beginning of each plan year. In recent years, including 2005, these targets have been a combination of pre-tax income and return-on-invested-capital. These performance targets are based on the business plan and budget for the year reviewed and approved by the Finance and Strategic Planning Committee and the Board of Directors.

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II. Long-Term Compensation

      

This excerpt taken from the FL DEF 14A filed Apr 8, 2005.
Annual Bonus. Executive officers participate in the annual bonus program, which provides for payment of a percentage multiple of the executive's base salary depending upon the Company's performance in relation to targets established by the Committee at the beginning of each plan year. In recent years, including 2004, these targets have been a combination of pre-tax income and return-on-invested-capital. These performance targets are based on the business plan and budget for the year reviewed and approved by the Finance and Strategic Planning Committee and the Board of Directors.

      

EXCERPTS ON THIS PAGE:

DEF 14A
Apr 10, 2006
DEF 14A
Apr 8, 2005

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