EXHIBIT 10.2

 

SUMMARY DESCRIPTION OF 2005 MICP

 

On April 5, 2005, the Board of Directors of the Company approved the 2005 MICP
targets which are applicable to the Expected Named Executives for the fiscal
year ending January 31, 2006 (“Fiscal 2005”).  For Fiscal 2005, the target
incentive for annual incentive compensation for each Expected Named Executive is
fifty percent (50%) of their respective base salary, with an over-achievement
opportunity up to a maximum of one hundred percent (100%) of their respective
base salary.  Incentive components for each Expected Named Executive are based
on a financial measurement, the achievement by the Company of a specified return
on net capital employed in Fiscal 2005, although the Board reserves the right to
consider other subjective factors and to alter or modify the MICP in its
discretion.

 

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