Description of the Chart Industries, Inc. 2005 Incentive Plan for Executive Officers (May 16th, 2005)
Chart Industries, Inc. (the Company) historically has maintained a cash bonus plan administered by the Compensation Committee of its Board of Directors (the Committee). The purpose of the bonus plan is to provide an incentive to employees to enhance stockholder value. The Committee historically determines which employees of the Company are eligible to participate in the bonus plan for a fiscal period, establishes specific performance targets to be achieved during that fiscal period and approves specific bonus amounts under the plan, which are tied to the targets. Executive officers of the Company historically have participated under specific terms of the broader cash bonus plan approved by the Committee. The actual bonuses payable under the cash bonus plan for a fiscal period, if any, will vary depending on the extent to which actual performance meets, exceeds or falls short of the target approved by the Committee, as determined by the Committee.