Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Executive Cash Bonus Plan
On May 8, 2009, the Board of Directors of the Company approved a cash bonus plan
for the Company's fiscal year ending June 27, 2010. The Company's CEO, a
position for which the Company is currently conducting a search, will be
eligible to receive a bonus under the plan up to 112.5% of his or her base
salary if the Company achieves 125% of a financial goal based upon fiscal 2010
operating income, as adjusted for certain items. Other executive officers of the
Company will be eligible to receive bonuses up to 75% of their base salaries if
the Company achieves 125% of a financial goal based on 2010 operating income, as
adjusted for certain items. Bonus payments for all executive officers are based
on an allocation of 80% to the Company's achievement of the adjusted operating
income financial goal and 20% to the achievement of individual goals. Payments
will be made to eligible executives within sixty days of the end of fiscal 2010
provided they remain employees at that time.
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