exv10w13



 






Exhibit 10.13




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	
	 	 	 	 	 	Number
	 	 	Appendix
	 	 	Page Number	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 Page 1 of 4	 
	 	Effective Date:

	 	 	Revised Date:
	 	 	Section Title:	 	 	 	 	 	 	 
	 	

	 	 	
	 	 		 	 	 	 	 	 	 
	 	January 1, 2003

	 	 	February 3, 2003
	 	 	Human Resources	 	 	 	 	 	 	 
	 	Approval:

	 	 	 	 	 	Subject:
ACCO BRANDS MANAGEMENT INCENTIVE
PLAN	 	 	 	 	 
	 









Purpose:





	 	   	The purpose for the ACCO Brands Management Incentive Plan (the “Plan”) is to provide added
incentive to the North American based employees of ACCO World inclusive of ACCO Brands,
Incorporated, ACCO Canada, ACCO Mexico, Day-Timers, and Boone International, and to enhance
the performance of ACCO World Corporation by awarding incentive compensation upon the
attainment of performance goals.





Plan Year:





	 	   	The plan year is the twelve month period that runs from January 1st through
December 31st.





Performance Goals:





	 	   	At the beginning of each year, specific financial and strategic operational goals will be
set for ACCO World, ACCO Brands, and each strategic business unit. These goals will be
reviewed and approved by the ACCO Compensation Committee and the Fortune Brands Salary
Committee.





Eligibility:





	 	   	All North American employees with positions slotted in the Fortune Brands or ACCO salaried
pay grades are eligible participants. Participants must be employed prior to November
1st of the plan year and must remain employed with ACCO through December
31st of the plan year to be eligible. In the event of death, disability, or
retirement during the plan year, a payment will be made based on eligible earnings for that
year.






	 	   	A participant’s eligibility for payout ends immediately upon voluntary termination of
employment or termination for cause.





Incentive Levels:





	 	   	For those locations where an established salary structure exists, the target incentive
levels are expressed as a percentage of eligible earnings and are assigned to each salary
grade (see attached). If an established salary structure does not exist, the target incentive levels are assigned by position and approved by the Vice President of Human
Resources for ACCO World.
	 
	 	   	Payouts can range from a minimum of 0% to a maximum of 200% of a participant’s target
incentive based on actual performance against the goals set at the beginning of the plan
year.





 








 










	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	
	 	 	 	 	 	Number
	 	 	Appendix
	 	 	Page Number	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 Page 2 of 4	 
	 	Effective Date:

	 	 	Revised Date:
	 	 	Section Title:	 	 	 	 	 	 	 
	 	

	 	 	
	 	 		 	 	 	 	 	 	 
	 	January 1, 2003

	 	 	February 3, 2003
	 	 	Human Resources	 	 	 	 	 	 	 
	 	Approval:

	 	 	 	 	 	Subject:
ACCO BRANDS MANAGEMENT INCENTIVE
PLAN	 	 	 	 	 
	 







Eligible Earnings:





	 	   	For salaried exempt employees, eligible earnings are defined as regular base salary received
during the plan year, plus the amount of any performance award given in lieu of a merit
increase.






	 	   	For salaried non-exempt employees, eligible earnings are defined as regular base pay plus
all overtime pay received during the plan year plus the amount of any performance award
given in lieu of a merit increase.





Change in Status:





	 	   	A participant who, as a result of a change in pay grades, experiences a change in their
target incentive level will receive an incentive payment prorated to reflect the time of
service at each target incentive level.






	 	   	If a participant transfers between business units, his/her payment will reflect an amount
based on the actual payout levels of each business unit prorated for their time of service
within each business unit.





Award Calculation:





	 	   	The calculation of the financial portion of the bonus payment will be based on the financial
results of the Company as approved by Fortune Brands and its auditors.






	 	   	The calculation of the strategic objectives portion of the bonus payment will be based on
the actual performance measures as approved by the ACCO Compensation Committee.





Payout of Awards:





	 	   	Incentive awards for a plan year shall be payable as soon as practicable during the first
quarter of the calendar year following the end of that plan year.





Administration:





	 	   	The Manager of Compensation is responsible for the administration of the Plan at the
direction of the ACCO Compensation Committee. Notwithstanding any other provision of the
Plan, the ACCO Compensation Committee may in its sole discretion adjust award payments to
any or all participants.




 









 











	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	
	 	 	 	 	 	Number
	 	 	Appendix
	 	 	Page Number	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 Page 3 of 4	 
	 	Effective Date:

	 	 	Revised Date:
	 	 	Section Title:	 	 	 	 	 	 	 
	 	

	 	 	
	 	 		 	 	 	 	 	 	 
	 	January 1, 2003

	 	 	February 3, 2003
	 	 	Human Resources	 	 	 	 	 	 	 
	 	Approval:

	 	 	 	 	 	Subject:
ACCO BRANDS MANAGEMENT INCENTIVE
PLAN	 	 	 	 	 
	 








Amendment and Termination





	 	   	The ACCO Compensation Committee has the right to amend or terminate the Plan at any time.
The Fortune Brands Salary Committee has the right to amend or terminate the Plan at any time
with respect to participants in Fortune Brands salary grades 9 or higher.






	 	   	In the event of an acquisition, merger, reorganization, consolidation, change of control or
other transaction, the effects of such event will be fairly taken into account and
adjustments will be made in the awards due participants under this Plan to insure that any
such event will not inequitably decrease or increase participants’ awards. Any adjustments
made under this provision will be determined by the ACCO Compensation Committee and shall be
conclusive.




 









 







	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	
	 	 	 	 	 	Number
	 	 	Appendix
	 	 	Page Number	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 Page 4 of 4	 
	 	Effective Date:

	 	 	Revised Date:
	 	 	Section Title:	 	 	 	 	 	 	 
	 	

	 	 	
	 	 		 	 	 	 	 	 	 
	 	January 1, 2003

	 	 	February 3, 2003
	 	 	Human Resources	 	 	 	 	 	 	 
	 	Approval:

	 	 	 	 	 	Subject:
ACCO BRANDS MANAGEMENT INCENTIVE
PLAN	 	 	 	 	 
	 









	 	 	 	 	 
	ACCO Brands 	 
	Target Bonus Schedule	 
	 	 	Target Bonus	 
	Pay Grade	 	Percentage	 
	8
	 	 	25	%
	 
	 	 	 
	7
	 	 	20	%
	 
	 	 	 
	6
	 	 	15	%
	 
	 	 	 
	5
	 	 	15	%
	 
	 	 	 
	4
	 	 	12.5	%
	 
	 	 	 
	3
	 	 	10	%
	 
	 	 	 
	2
	 	 	10	%
	 
	 	 	 
	1
	 	 	5	%
	 
	 	 	 
	D
	 	 	5	%
	 
	 	 	 
	C
	 	 	5	%
	 
	 	 	 
	B
	 	 	5	%
	 
	 	 	 
	A
	 	 	5	%