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These excerpts taken from the GWW 10-K filed Feb 27, 2008. Annual Compensation shall mean the sum of:
(a) the annual salary of the Participant determined by the Board of Directors of the Company in effect on the Date Creating an Entitlement, and (b) the Participants target bonus under the Companys Management Incentive Program (which term shall be deemed to include such equivalent incentive bonus programs as the Committee may recognize for purposes of this Plan) for the calendar year in which the Date Creating an Entitlement occurs. Annual Compensation shall mean the sum of: (a) the annual salary of the Participant determined by the Board of Directors of the Company in effect on the Date Creating an Entitlement, and (b) the Participants target bonus under the Companys Management Incentive Program (which term shall be deemed to include such equivalent incentive bonus programs as the Committee may recognize for purposes of this Plan) for the calendar year in which the Date Creating an Entitlement occurs. | EXCERPTS ON THIS PAGE:
RELATED TOPICS for GWW: |
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