Common use of Objective Performance Bonus Clause in Contracts

Objective Performance Bonus. The Objective Performance Bonus shall equal the sum of the following: (i) Company Earnings Growth Bonus — Bonus Target Amount X Company Earnings Growth Bonus Percentage X 50 % = Company Earnings Growth Bonus (ii) Company Sales Growth Bonus — Bonus Target Amount X Company Sales Growth Bonus Percentage X 30 % = Company Sales Growth Bonus (iii) Company Capital Efficiency Bonus — Bonus Target Amount X Company Capital Efficiency Bonus Percentage X 20 % = Company Capital Efficiency Bonus Each of the above components of Executive’s bonus shall be calculated and awarded independently. Executive will not receive one or more of the components of the bonus set forth in this Section 1(b) if the Company does not achieve the “Threshold” level of performance as set forth in the applicable Table B attached hereto. For purposes of illustration, if the Company achieves the threshold Increase in Sales and Return on Invested Capital but does not achieve the threshold Increase in Earnings Per Share, each as set forth in the applicable Table B attached hereto, Executive will receive a Company Sales Growth Bonus and Company Capital Efficiency Bonus but will not receive a Company Earnings Growth Bonus for the Plan Year.

Objective Performance Bonus. The Objective Performance Bonus shall equal the sum of the following: (i) Company Earnings Growth Bonus — – Bonus Target Amount X Company Earnings Growth Bonus Percentage X 50 50% = Company Earnings Growth Bonus (ii) Company Sales Growth Bonus — – Bonus Target Amount X Company Sales Growth Bonus Percentage X 30 30% = Company Sales Growth Bonus (iii) Company Capital Efficiency Bonus — – Bonus Target Amount X Company Capital Efficiency Bonus Percentage X 20 20% = Company Capital Efficiency Bonus Each of the above components of Executive’s bonus shall be calculated and awarded independently. Executive will not receive one or more of the components a component of the bonus set forth in this Section 1(b) if the Company does not achieve the “Threshold” level of performance as set forth in the applicable Table B attached heretohereto for that component. For purposes of illustration, if the Company achieves the threshold Increase in Sales and Return on Invested Capital but does not achieve the threshold Increase in Earnings Per Sharefully diluted earnings per share, each as set forth in the applicable Table B attached hereto, Executive will receive a Company Sales Growth Bonus and Company Capital Efficiency Bonus but will not receive a Company Earnings Growth Bonus for the Plan Year.

Objective Performance Bonus. The Objective Performance Bonus shall equal the sum of the following: (i) Company Earnings Growth Bonus — – Bonus Target Amount X Company Earnings Growth Bonus Percentage X 50 50% = Company Earnings Growth Bonus (ii) Company Sales Growth Bonus — and Gross Profit Dollars Bonus– Bonus Target Amount X Company Sales Growth and Gross Profit Dollars Bonus Percentage X 30 30% = Company Sales Growth Bonus and Gross Profit Dollars Bonus (iii) Company Capital Efficiency Bonus — – Bonus Target Amount X Company Capital Efficiency Bonus Percentage X 20 20% = Company Capital Efficiency Bonus Each of the above components of Executive’s bonus shall be calculated and awarded independently. Executive will not receive one or more of the components a component of the bonus set forth in this Section 1(b) if the Company does not achieve the “Threshold” level of performance as set forth in the applicable Table B attached heretohereto for that component. For purposes of illustration, if the Company achieves the threshold Increase in Sales Growth and Return on Invested Gross Profit Dollars and Capital Efficiency but does not achieve the threshold Increase in Earnings Per Sharefully diluted earnings per share, each as set forth in the applicable Table B attached hereto, Executive will receive a Company Sales Growth and Gross Profit Dollars Bonus and Company Capital Efficiency Bonus but will not receive a Company Earnings Growth Bonus for the Plan Year.