IS $[
].
PLEASE NOTE THIS FIGURE IS COMPANY CONFIDENTIAL AND NOT TO BE DISCLOSED
EXTERNALLY.
5.
INCENTIVE ENDING CASH BALANCE.
FOR FY 2010, THE INCENTIVE ENDING
CASH BALANCE FOR PURPOSES OF DETERMINING PARTICIPANT'S BONUS PAYMENT, IF ANY, IS
$[
].
PLEASE NOTE THIS FIGURE IS COMPANY CONFIDENTIAL AND NOT TO BE DISCLOSED
EXTERNALLY.
6.
TARGET BONUS.
FOR PURPOSES OF THE PROGRAM, PARTICIPANT'S TARGET
BONUS SHALL EQUAL $[
]
(REPRESENTING [
]%) OF
PARTICIPANT'S BASE SALARY DURING FY 2010.
ADJUSTMENTS TO BASE SALARY DURING THE
COURSE OF FY 2010, OR PARTIAL YEAR PARTICIPATION DUE TO A START DATE DURING THE
PLAN YEAR, SHALL RESULT IN A CORRESPONDING ADJUSTMENT TO TARGET BONUS
ELIGIBILITY ON A PRO-RATED BASIS.
7.
INDIVIDUAL GOAL ACHIEVEMENT.
PARTICIPANT ACKNOWLEDGES AND AGREES
THAT THE BONUS PAYMENT, IF ANY, WILL BE SUBJECT TO PARTICIPANT ACHIEVING CERTAIN
GOALS.
THE CRITERIA USED IN ASSESSING INDIVIDUAL PERFORMANCE, THE WEIGHT TO BE
ASSIGNED SUCH CRITERIA AND SUCH PARTICIPANT'S PERFORMANCE ACHIEVEMENT PERCENTAGE
SHALL BE DETERMINED BY THE COMMITTEE IN ITS SOLE DISCRETION.
THE BONUS PAYMENT,
IF ANY, WILL BE CALCULATED IN ACCORDANCE WITH THE PROGRAM
8.
BINDING EFFECT.
THIS AGREEMENT SHALL BE BINDING UPON AND INURE
TO THE BENEFIT OF ANY SUCCESSORS TO THE COMPANY AND ALL PERSONS LAWFULLY
CLAIMING UNDER PARTICIPANT.
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9.
COMPLETE AGREEMENT.
THIS AGREEMENT, THOSE DOCUMENTS EXPRESSLY
REFERRED TO HEREIN AND OTHER DOCUMENTS OF EVEN DATE HEREWITH EMBODY THE COMPLETE
AGREEMENT AND UNDERSTANDING AMONG THE PARTIES AND SUPERSEDE AND PREEMPT ANY
PRIOR UNDERSTANDINGS, AGREEMENTS OR REPRESENTATIONS BY OR AMONG THE PARTIES,
WRITTEN OR ORAL, WHICH MAY HAVE RELATED TO THE SUBJECT MATTER HEREOF IN ANY WAY.
10.
FUTURE INCENTIVE BONUS PLANS.
THE COMPANY MAY IN THE FUTURE ADOPT
ONE OR MORE INCENTIVE PLANS OR PROGRAMS, WITH REGARD TO WHICH THE COMMITTEE
SHALL RETAIN THE EXCLUSIVE RIGHT IN ITS SOLE DISCRETION TO DETERMINE THE
APPLICABLE TERMS AND TO IDENTIFY THE PERSONS ELIGIBLE TO PARTICIPATE.
NOTHING
IN THIS AGREEMENT SHALL BE UNDERSTOOD TO GRANT OR GUARANTEE PARTICIPANT A RIGHT
TO PARTICIPATE IN ANY SUCH PLAN OR PROGRAM.
*
*
*
*
*
IN WITNESS WHEREOF, the Company and Participant have executed this Agreement as
of the date first above written.
GT SOLAR INTERNATIONAL, INC.
By:
Brian P. Logue
Vice President Human Resources
PARTICIPANT
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