This excerpt taken from the GMCR 10-Q filed May 10, 2007.
Executive Management Short-Term Incentive Plan for FY 2007
The Executive Management Short-Term Incentive Plan for fiscal year 2007 (the period from October 1, 2006 to September 29, 2007) is designed to recognize the contributions of key management employees to the achievement of business goals and objectives through a monetary bonus.
In order for a participant to qualify for a bonus award, the participant must have performed their duties satisfactorily, in accordance with policies and procedures and in a manner that will enhance the quality of the working experience at, the image of and reputation of Green Mountain Coffee Roasters (GMCR).
The participant may earn a bonus on an annual basis during the plan year based on a combination of the Green Mountain Coffee Roasters reaching the Operating Profit Growth target, the Sales Growth target, and the achievement of individual goals. See schedule A for details.
The terms and conditions of this Plan are for fiscal year 2007 of Green Mountain Coffee Roasters, Inc. (October 1, 2006 to September 29, 2007).