This excerpt taken from the MOLX 8-K filed Aug 1, 2006.
Cash Merit Bonus (payable August 2006)
Frederick A. Krehbiel
John H. Krehbiel, Jr.
Martin P. Slark
Vice Chairman and Chief Executive Officer
Liam G. McCarthy
President and Chief Operating Officer
Robert B. Mahoney
Executive Vice President and Regional President, Far East South
Establishment of Cash Merit Bonus Targets
On July 27, 2006, the Committee also approved cash merit bonus targets for the period July 1, 2007 to June 30, 2006 (FY07), for the Named Executive Officers. The cash merit bonus plan covers all executive officers and provides that a cash merit bonus will be paid upon the achievement of two metrics: a profit-before-tax goal (PBT) and performance against individual goals. Under the plan, the Committee determines the target bonus opportunity for each executive officer based on the achievement of minimum, target and maximum performance goals. The PBT metric is not discretionary, but the individual goal metric is discretionary based on the Committees evaluation of the Named Executive Officers performance.
The following table sets forth the FY07 bonus opportunities for the Named Executive Officers under the cash merit bonus plan.