adjustments or
partial year participation due to start date during the plan year.
4.
INDIVIDUAL GOAL ACHIEVEMENT.
PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE BONUS PAYMENT, IF ANY, WILL BE
SUBJECT TO PARTICIPANT ACHIEVING CERTAIN INDIVIDUAL GOALS AND STANDARDS
IDENTIFIED BY THE EXECUTIVE TEAM.
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 EXECUTIVE TEAM IN
ITS SOLE DISCRETION.
THE BONUS PAYMENT, IF ANY, WILL BE CALCULATED IN
ACCORDANCE WITH THE PROGRAM.
5.
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.
6.
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.
7.
FUTURE INCENTIVE BONUS PLANS.
THE
COMPANY MAY IN THE FUTURE ADOPT ONE OR MORE INCENTIVE PLANS OR PROGRAMS, WITH
REGARD TO WHICH THE EXECUTIVE TEAM 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.
*
*
*
*
*
A-2
IN WITNESS WHEREOF, the Company and Participant have executed this Agreement as
of the date first above written.
GT SOLAR INCORPORATED
By:
Name:
Title:
PARTICIPANT
Participant Name