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GWW » Topics » 11.3 Adjustment of Performance-Based Compensation.

This excerpt taken from the GWW 10-Q filed Aug 2, 2006.
11.3 Adjustment of Performance-Based Compensation. Awards that are intended to qualify as Performance-Based Compensation may not be adjusted upward. The Committee shall retain the discretion to adjust such Awards downward, either on a formula or discretionary basis or any combination, as the Committee determines.

 

"11.3 Adjustment of Performance-Based Compensation." elsewhere:

Arrow Electronics (ARW)
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