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This excerpt taken from the MTD DEF 14A filed Mar 14, 2008. Range of
Bonus Possible (in $)
The impact of over- or under-achieving targets on the annual
bonus can be significant. The company and Board of Directors
therefore approach the target setting process with care and
consideration. We believe targets are set consistently with the
philosophy of the POBS Plan that they be challenging and
ambitious. Over the last several years, the average target
achievement for executive officers has ranged from 95% to
approximately 125%, resulting in bonuses of between
approximately 30% to 155% of base salary.
This excerpt taken from the MTD DEF 14A filed Mar 15, 2007. Range of
Bonus Possible (in $)
The impact of over- or under-achieving targets on the annual
bonus can be significant. The company and Board of Directors
therefore approach the target setting process with care and
consideration. We believe targets are set consistently with the
philosophy of the POBS Plan that they be challenging and
ambitious. Over the last several years, the average target
achievement for executive officers has ranged from slightly
below 100% to approximately 125%, resulting in bonuses of
between approximately 30% to 155% of base salary.
Table of Contents
COMPENSATION
DISCUSSION AND ANALYSIS
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