EXHIBIT 10.1

 

RETENTION BONUS PLAN

 

Participants

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Payment Date

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Bonus Payment

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Jack W. Oehlke

  

08/01/03

  

$    211,250

President & CEO

  

08/02/04

  

      243,750

    

08/01/05

  

      276,250

Craig D. Gates

  

08/01/03

  

      119,000

Executive Vice President & General Manager

  

08/02/04

  

      142,800

    

08/01/05

  

      166,600

Ronald F. Klawitter

  

08/01/03

  

      119,000

Executive Vice President & CFO

  

08/02/04

  

      142,800

    

08/01/05

  

      166,600

         

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Total Plan Bonus Payments

       

$1,588,050

 

Terms

 

  •   In order to earn and receive the bonus payment on the payment date, the
participant must be employed by the Company on the payment date or have been
terminated by the Company without cause.

 

  •   Bonus payments shall be reduced by the amount of any incentive payments
earned by a participant pursuant to any other Company incentive plan during the
fiscal year immediately preceding the payment date.

 

Approved by Board of Directors – October 24, 2002.