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KR » Topics » 1.01 . Entry into a Material Definitive Agreement . Establishment of 2006 Long-Term Bonus Plan

This excerpt taken from the KR 8-K filed Dec 14, 2005.

1.01. Entry into a Material Definitive Agreement.

 

Establishment of 2006 Long-Term Bonus Plan

 

At a meeting of the Compensation Committee on December 8, 2005, the Committee established, and the Board approved, the 2006 long-term bonus plan, in which certain key executives, including the Chief Executive Officer and the other named executive officers, are eligible to participate. The purpose of the Plan is to increase long-term performance of the Company and to improve the competitiveness of long-term compensation of participants. A description of the 2006 long-term bonus plan is set forth on Exhibit 99.1 hereto.

 

Section 9—Financial Statements and Exhibits

 

Item 9.01. Financial Statements and Exhibits.

 

  (c) Exhibits:

 

  99.1 Description of 2006 Long-Term Bonus Plan.

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