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OCCF » Topics » Section 6. Bonuses .

This excerpt taken from the OCCF 8-K filed Jan 24, 2005.

Section 6. Bonuses.

 

Executive shall participate in executive bonus programs, as established from time to time by the President and CEO, subject to review by the Board of Directors or an appropriate committee thereof. This includes participation in the Optical Cable Corporation 2005 Management Incentive Plan, pursuant to which Executive is being provided with a 25% annual target bonus opportunity (as a percentage of annual base salary) for the Corporation’s fiscal year 2005 which, unless otherwise provided herein, is contingent on achievement of quantified corporate and divisional goals and specifically identified divisional objectives.

 

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