This excerpt taken from the SWM DEF 14A filed Mar 6, 2009.
"Affiliate" means any company in which the Company owns 20% or more of the equity interest (collectively, the "Affiliates").
"Performance Percentage" means the respective percentages applicable to achievement of the following benchmark Performance Levels for a given Objective as follows: Threshold 50%, Target 100%, Outstanding 150%, Maximum 200%; and, if actual performance of such Objective falls between any two of such benchmark Performance Levels, the percentage amount applicable to the performance level actually achieved will be prorated.
"Board" means the Board of Directors of the Company.
"CEO" means the Chief Executive Officer of the Company.
"Change of Control" shall mean the date as of which: (a) a third person, including a "group" as defined in Section 13(d)(3) of the Securities Exchange Act of 1934, acquires actual or beneficial
ownership of shares of the Company having 15% or more of the total number of votes that may be cast for the election of Directors of the Company; or (b) as the result of any cash tender or exchange offer, merger or other business combination, sale of assets or contested election, or any combination of the foregoing transactions (a "Transaction"), the persons who were directors of the Company before the Transaction shall cease to constitute a majority of the Board of Directors of the Company or any successor to the Company.
"Committee" means the Compensation Committee of the Board.
"Control Measures" shall have the meaning as set forth in Section 8 of this Plan.
"Covered Employee" shall have the meaning given to such term in Internal Revenue Code Section 162(m)(3) and any successor provision.
"Incentive Award" means the cash award payable to a Participant as determined in accordance with Section 10 of this Plan and is the sum of the Objective Awards for each Objective Area.
"Measurement Period" means the fiscal year of the Company.
"Objective Areas" means the general areas for which Objectives may be established and shall include the Company Objective Area, Unit Objective Area and Individual/Function Objective Area.
"Objective(s)" means the objective(s) established for each Participant.
"Participant" shall have the meaning set forth in Section 5 of this Plan.
"Percentage Weighting" shall have the meaning set forth in Section 7 of this Plan.
"Performance Levels" shall have the meaning set forth in Section 6 of this Plan.
"Objective Award" shall mean the amount determined by multiplying a Participant's base salary at the beginning of the Measurement Period, by the Percentage Weighting applicable for the Objective Area, by the Performance Percentage for the Performance Level achieved, and by the Target Incentive Award Percentage.
"Target Incentive Award Percentage" means the target percentage of a Participant's base salary designated by the Committee in its sole discretion at the beginning of the Measurement Period, which percentage need not be the same for each Participant.
These excerpts taken from the SWM 10-K filed Mar 6, 2009.