This excerpt taken from the GWW DEF 14A filed Mar 18, 2005.
Article 12. Covered Employee Annual Incentive Award
Establishment of Incentive Pool. The Committee may designate Covered Employees who are eligible to receive a monetary
payment in any Plan Year based on a percentage of an incentive pool equal to five percent (5%) of the Company's Net Earnings for this Plan Year. The Committee shall allocate an incentive pool
percentage to each designated Covered Employee for each Plan Year. In no event may (1) the incentive pool percentage for any one Covered Employee exceed one hundred percent (100%) of the total
pool and (2) the sum of
incentive pool percentages for all Covered Employees cannot exceed one hundred percent (100%) of the total pool.
Determination of Covered Employees' Portions. As soon as possible after the determination of the incentive pool for a
Plan Year, the Committee shall calculate each Covered Employee's allocated portion of the incentive pool based upon the percentage established at the beginning of this Plan Year. Each Covered
Employee's incentive award then shall be determined by the Committee based on the Covered Employee's allocated portion of the incentive pool subject to adjustment in the sole discretion of the
Committee. In no event may the portion of the incentive pool allocated to a Covered Employee be increased in any way, including as a result of the reduction of any other Covered Employee's allocated
portion. The Committee shall retain the discretion to adjust such Awards downward.