Bonuses were calculated based on the operating results of the Company and performance of the individuals. Bonuses earned in 1998 were paid quarterly with fiscal fourth quarter bonuses paid in the following fiscal year. No bonuses were earned for fiscal 1996. Dr. Schmidt's bonus for fiscal 1998 was earned based on Company performance and his individual performance. Dr. Schmidt's bonus for 1997 was calculated on a preset formula based on the terms of his employment contract.
Officers have the right to vote the shares and to receive cash dividends, if any.
The dividends have the same vesting restrictions as the shares. Inc. Retirement and Savings Plan and the Deferred Compensation Plan. Dr. Schmidt joined the Company in March 1997. Mr. Heinz became an executive officer in fiscal 1997. Mr. Tolonen resigned from the Company in April 1998.