MOT » Topics » Mid-Range Incentive Plan

These excerpts taken from the MOT 10-K filed Feb 28, 2008.
Mid-Range Incentive Plan
 
The Mid-Range Incentive Plan (“MRIP”) rewarded participating elected officers for the Company’s achievement of specified business goals during the period, based on two performance objectives measured over two-year cycles. The provision for MRIP for the year ended December 31, 2005 was $19 million. As of December 31, 2005, the MRIP was canceled.
 
Mid-Range
Incentive Plan



 



The Mid-Range Incentive Plan (“MRIP”) rewarded
participating elected officers for the Company’s
achievement of specified business goals during the period, based
on two performance objectives measured over two-year cycles. The
provision for MRIP for the year ended December 31, 2005 was
$19 million. As of December 31, 2005, the MRIP was
canceled.


 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 28, 2008
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