WTM » Topics » Eligibility

This excerpt taken from the WTM 10-K filed Feb 28, 2007.

Eligibility

The Plan is limited to home office and field office senior staff who have a significant impact on OneBeacon’s operating results.

 

This excerpt taken from the WTM 10-K filed Mar 7, 2006.

Eligibility

The Plan is limited to home office and field office senior staff who have a significant impact on OneBeacon’s operating results.

 

Target Awards

Target awards for all participants, expressed as a percent of salary, will be set and approved by the Board of OneBeacon Corporation.

 

Performance Measure

The Corporate MIP pool will be established based upon achievement of a 94% combined ratio for total OneBeacon operations, computed on an adjusted calendar year basis. This measurement will be used to establish a pool of money to be allocated to business units and Home Office departments. At a corporate combined ratio of 94%, the plan will fund an amount equal the sum of each of the plan’s participant’s potential award at their target bonus percentage. The OneBeacon Board of Directors may adjust the size of the pool based on under or over achievement of the company’s target combined ratio and other objectives that will be communicated during first quarter, 2005.

 

EXCERPTS ON THIS PAGE:

10-K
Feb 28, 2007
10-K
Mar 7, 2006
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