Document:

Exhibit 10.3.1

Exhibit 10.3.1

GENERAL CABLE CORPORATION

2008 ANNUAL INCENTIVE PLAN

1. Purpose

The purpose of the General Cable Corporation 2008 Annual Incentive Plan (the “Plan”) is
to provide annual incentive awards (“Awards”) in order to motivate certain executive officers and
key employees of General Cable Corporation, a Delaware corporation, and its subsidiaries (the
“Company”) to put forth maximum efforts toward the growth, profitability and success of the Company
and its subsidiaries and to encourage such individuals to remain in the employ of the Company or
the applicable subsidiary.

2. Administration

a. The Plan shall be administered by a committee (the “Committee”), which shall be a
committee or subcommittee of the Board of Directors of the Company (the “Board”) appointed by the
Board from among its members. Initially, the Committee shall be the Board’s Compensation
Committee. Unless the Board otherwise determines, the Committee shall be comprised solely of not
less than two members who each shall qualify, at the time of appointment, as an “outside director”
within the meaning of Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”)
and the regulations thereunder.

b. The Committee shall have all the powers vested in it by the terms of the Plan, such powers
to include authority (within the limitations described herein) to select the persons to be granted
Awards under the Plan, to determine the time when Awards will be granted, to determine whether
performance objectives and other conditions for earning Awards have been met, to determine whether
Awards will be paid at the end of the performance period or deferred to a later date, and to
determine whether an Award or payment of an Award should be reduced or eliminated. The Committee
is authorized, subject to the provisions of the Plan, to establish such rules and regulations as it
deems necessary for the proper administration of the Plan and to make such determinations and
interpretations and to take such action in connection with the Plan and any Awards granted
hereunder as it deems necessary or advisable. All determinations and interpretations made by the
Committee shall be binding and conclusive on all persons participating in the Plan and their legal
representatives. No member of the Committee and no employee of the Company shall be liable for any
act or failure to act hereunder, except in circumstances involving his or her bad faith, gross
negligence or willful misconduct, or for any act or failure to act hereunder by any other member or
employee or by any agent to whom duties in connection with the administration of this Plan have
been delegated. The Company shall indemnify members of the Committee and any agent of the
Committee who is an employee of the Company against any and all liabilities or expenses to which
they may be subjected by reason of any act or failure to act with respect to their duties on behalf
of the Plan.

 

 

c. The Committee may delegate to one or more of its members, or to one or more executive
officers of the Company (“Executive Officers”), including to the Chief Executive Officer of the
Company, authority to select key employees other than Executive Officers to be granted Awards under
the Plan and to make all other determinations in respect of such Awards. In addition, the
Committee may delegate to such persons such administrative duties as it deems advisable.
References herein to “Committee” shall include any such delegatee, except where the context
otherwise requires. The Committee, or any person to whom it has delegated duties as aforesaid, may
employ one or more persons to render advice with respect to any responsibility the Committee or
such person may have under the Plan including such legal or other counsel, consultants and agents
as it may deem desirable for the administration of the Plan and may rely upon any opinion or
computation received from any such counsel, consultant or agent. Expenses incurred in the
engagement of such counsel, consultant or agent shall be paid by the Company.

3. Eligibility

Awards may be granted under the Plan to such Executive Officers and key employees of the
Company as shall be selected for participation pursuant to Section 2 above.

4. Awards and Award Pool; Limitations on Awards

a. Each Award granted under the Plan shall represent an amount payable in cash by the
Company to the Executive Officer or key employee (a “Participant”) upon accomplishment of one or
more or a combination of performance objectives (“Performance Objectives”) in a specified fiscal
year (a “Performance Year”), subject to all other terms and conditions of the Plan and such other
terms and conditions as may be specified by the Committee. An Award may be granted as a target
percentage of base salary of a Participant or as a specific target cash amount. The Performance
Objectives for an Award to an Executive Officer shall consist of specific Performance Objectives
approved by the Committee. Performance Objectives for an Award to a key employee other than an
Executive Officer may consist of any measure of performance the Committee may determine in its
discretion. The grant of Awards under the Plan shall be evidenced by Award letters in a form
approved by the Committee from time to time which shall contain the terms and conditions, as
determined by the Committee, of a Participant’s Award; provided, however, that in the event of any
conflict between the provisions of the Plan and any Award letters, the provisions of the Plan shall
prevail. Awards shall be determined as follows: (1) in case of an Award granted as a target
percentage of base salary, the Participant’s target percentage of base salary shall be multiplied
by applicable factors and percentages based on the achievement of Performance Objectives; and (2)
in case of an Award of a specific target cash amount, the target cash amount shall be multiplied by
applicable factors and percentages based on achievement of Performance Objectives.

b. Awards payable in respect of a given Performance Year may be settled only if and to the
extent the total amount of Awards (the “Award Pool”) has been accrued on the books of the Company
as of the end of such Performance Year. The Award Pool is designated only for purposes of
accounting within the Plan and does not authorize any segregation of assets or the creation of a
trust. The maximum amount of an Award granted to any one Participant in respect of a Performance
Year shall not exceed $3.0 million. This maximum amount limitation shall be measured at the time
of settlement of an Award under Section 6.

 

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c. Annual Performance Objectives shall be based on the performance of the Company, one or more
of its subsidiaries or affiliates, one or more of its units or divisions and/or the individual for
the Performance Year. Performance Objectives shall include the following performance measures
individually or in any combination: cash flow; cash flow from operations; earnings per share,
diluted or basic; earnings per share from continuing operations, diluted or basic; earnings from
continuing operations; earnings before interest and taxes; earnings before interest, taxes,
depreciation and amortization; net asset turnover; inventory turnover; capital expenditures;
operating earnings; gross or operating margin; profit margin; gross profits; assets; debt; working
capital; return on assets; return on net assets; return on total assets; return on capital; return
on investment; return on stockholders’ equity; return on sales; net or gross sales; cost of
capital; stock price; and total shareholder return; pretax income before allocation of corporate
overhead and bonus; net income; appreciation in or maintenance of the price of the Common Stock or
any other publicly-traded securities of the Company; market share; economic value-added models;
comparisons with various stock market indices; or reduction in costs.

5. Grant of Awards

a. The Committee shall select those Executive Officers who it determines are to be
Participants for a given Performance Year and grant Awards to such Participants not later than 90
days after the commencement of the Performance Year, and shall select other key employees for
participation and grant Awards to such Participants at such times as the Committee may determine.
In granting an Award, the Committee shall establish the amount of the Award in accordance with
Section 4 and other terms of such Award. Other provisions of the Plan notwithstanding, in the case
of any Participant who initially becomes employed by the Company as an Executive Officer after the
commencement of a Performance Year, the Participant may be granted an Award for that Performance
Year prior to the date at which 25% of the period remaining in the year from the date of hiring of
such Executive Officer has elapsed.

b. After the end of each Performance Year, the Committee shall determine the extent to which
the Award Pool shall be funded based on achievement of Performance Objectives for such Performance
Year. The Committee shall also determine the maximum amount payable to any Participant in respect
of an Award for the Performance Year and the amount payable to each Participant in settlement of
the Participant’s Award for the Performance Year. The Committee, in its discretion, may determine
that the amount payable to any Participant in settlement of an Award shall be reduced, including a
determination to make no final Award whatsoever, and, in the case of a Participant who is not an
Executive Officer, may determine that such amount shall be increased. The Committee shall certify
in writing, in a manner conforming to applicable regulations under Section 162(m) of the Code,
prior to settlement of each Award granted to an Executive Officer, that the Performance Objectives
and other material terms of the Award upon which settlement of the Award was conditioned have been
satisfied.

 

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c. The Committee may adjust or modify Awards or terms of Awards (1) in recognition of unusual
or nonrecurring events affecting the Company or any business unit, or the financial statements or
results thereof, or in response to changes in applicable laws (including tax, disclosure, and other
laws), regulations, accounting principles, or other circumstances deemed relevant by the Committee,
(2) with respect to any Participant whose position or duties with the Company change during a
Performance Year, or (3) with respect to any person who first becomes a Participant after the first
day of the Performance Year; provided, however, that no adjustment to an Award granted to an
Executive Officer shall be authorized or made if and to the extent that such authorization or the
making of such adjustment would contravene the requirements applicable to “performance-based
compensation” under Section 162(m) of the Code and regulations thereunder.

6. Settlement of Awards

a. Each Participant shall receive payment of a cash lump sum in settlement of his or her
Award, in the amount determined in accordance with Section 5 as promptly as practicable following
the time such determination in respect thereof has been reached by the Committee.

b. Each Participant shall have the right to defer his or her receipt of part or all of any
payment due in settlement of an Award under and in accordance with the terms and conditions of any
deferred compensation plan or arrangement of the Company unless otherwise specified by the
Committee.

7. Termination of Employment

Except as otherwise provided in any written agreement between the Company and a Participant,
if a Participant ceases to be employed by the Company prior to settlement of an Award for any
reason other than death, disability (as determined by the Committee), normal retirement, or early
retirement with the approval of the Committee, such Award shall be forfeited. If such cessation of
employment results from such Participant’s death, disability (as determined by the
Committee), normal retirement, or early retirement with the approval of the Committee, the
Committee shall determine, in its sole discretion and in such manner as it may deem reasonable
(subject to Section 8), the extent to which the Performance Objectives for the Performance Year or
portion thereof completed at the date of cessation of employment have been achieved, and the amount
payable in settlement of the Award based on such determinations. The Committee may base such
determination on the performance achieved for the full year, in which case its determination may be
deferred until following the Performance Year. Such determinations shall be set forth in a written
certification, as specified in Section 5. Such Participant or his or her beneficiary shall be
entitled to receive settlement of such Award at the earliest time such payment may be made without
causing the payment to fail to be deductible by the Company under Section 162(m) of the Code.

 

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8. Status of Awards under Section 162(m)

It is the intent of the Company that Awards granted to Executive Officers shall constitute
“performance-based compensation” within the meaning of Section 162(m) of the Code and regulations
thereunder, if at the time of settlement the Participant remains an Executive Officer.
Accordingly, the Plan shall be interpreted in a manner consistent with Section 162(m) of the Code
and regulations thereunder. If any provision of the Plan relating to Executive Officers or any
Award letter evidencing an Award to an Executive Officer does not comply or is inconsistent with
the provisions of Section 162(m)(4)(C) of the Code or regulations thereunder (including Treasury
Regulation 1.162-27(e)) required to be met in order that compensation (other than post-termination
compensation) shall constitute “performance-based compensation,” such provision shall be construed
or deemed amended to the extent necessary to conform to such requirements, and no post-termination
settlement shall be authorized or made under Section 7 if and to the extent that such authorization
or settlement would contravene such requirements.

9. Transferability

Awards and any other benefit payable under, or interest in, this Plan are not transferable by
a Participant except upon a Participant’s death by will or the laws of descent and distribution,
and shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment,
pledge, encumbrance, or charge, and any such attempted action shall be void.

10. Withholding

All payments relating to an Award, whether at settlement or resulting from any further
deferral or issuance of an Award under another plan of the Company in settlement of the Award,
shall be net of any amounts required to be withheld pursuant to applicable federal, state and local
tax withholding requirements.

11. Tenure

A Participant’s right, if any, to continue to serve the Company as an Executive Officer,
officer, employee, or otherwise, shall not be enlarged or otherwise affected by his or her
designation as a Participant or any other event under the Plan.

12. No Rights to Settlement or to Participate

Until the Committee has determined to settle an Award under Section 6, a Participant’s
selection to participate, the grant of an Award, and other events under the Plan shall not be
construed as a commitment that any Award will be settled under the Plan. Nothing in the Plan shall
be deemed to give any eligible employee any right to participate in the Plan except upon
determination of the Committee under Section 4. The foregoing notwithstanding, the Committee may
authorize legal commitments with respect to Awards under the terms of an employment agreement or
other agreement with a Participant, to the extent of the Committee’s authority under the Plan,
including commitments that limit the Committee’s future discretion under the Plan, but in all cases
subject to Section 8.

 

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13. Unfunded Plan

Participants shall have no right, title, or interest whatsoever in or to any specific assets
of the Company or investments which the Company may make to aid in meeting its obligations under
the plan. Nothing contained in the Plan, and no action taken pursuant to its provisions, shall
create or be construed to create a trust of any kind, or a fiduciary relationship between the
Company and any Participant, beneficiary, legal representative or any other person. To the extent
that any person acquires a right to receive payments from the Company under the Plan, such right
shall be no greater than the
right of an unsecured general creditor of the Company. All payments to be made hereunder
shall be paid from the general funds of the Company and no special or separate fund shall be
established and no segregation of assets shall be made to assure payment of such amounts. The Plan
is not intended to be subject to the Employee Retirement Income Security Act of 1974, as amended.

14. Other Compensatory Plans and Arrangements

Nothing in the Plan shall preclude any Participant from participation in any other
compensation or benefit plan of the Company or its subsidiaries. The adoption of the Plan and the
grant of Awards hereunder shall not preclude the Company or any subsidiary from paying any other
compensation apart from the Plan, including compensation for services or in respect of performance
in a Performance Year for which an Award has been made.

15. Duration, Amendment and Termination of Plan

No Award may be granted in respect of any Performance Year after 2017. The Board may amend
the Plan from time to time or suspend or terminate the Plan at any time, provided that any such
action shall be subject to stockholder approval if and to the extent required by law or regulation,
or to ensure that compensation under the Plan will qualify as “performance-based compensation”
under Section 162(m) and the regulations thereunder.

16. Governing Law

The Plan, Awards granted hereunder, and actions taken in connection herewith shall be governed
and construed in accordance with the laws of the Commonwealth of Kentucky (excluding principles of
conflict of laws).

17. Effective Date

The Plan shall be effective as of January 1, 2008; provided, however, that the Plan shall be
subject to approval of the stockholders of the Company at an annual meeting or any special meeting
of stockholders of the Company before settlement of Awards for the 2008 Performance Year so that
compensation will qualify as “performance-based compensation” under Section 162(m) of the Code and
regulations thereunder. In addition, the Board may determine to submit the Plan to stockholders
for reapproval at such times, if any, required in order that compensation under the Plan shall
qualify as performance-based compensation.

 

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EXHIBIT 10.23

Grant No.                     

o Participant’s Copy

o Company’s Copy

Arbitron Inc.

2008 Equity Compensation Plan

Director Deferred Stock Unit Agreement — Initial Grant

To                     :

     Arbitron Inc.
(the “Company”) has granted you (the “Grant”) deferred stock units
(“DSUs”) as
set forth on Exhibit A to this Agreement (the “DSUs”)
under its 2008 Equity Compensation Plan (the
“Plan”).

     The Grant is subject in all respects to the applicable provisions of the Plan. This Agreement
does not cover all of the rules that apply to the Grant under the Plan, and the Plan defines any
capitalized terms in this Agreement that this Agreement does not define.

     In addition to the Plan’s terms and restrictions, the following terms and restrictions apply:

	 	 	 
	Vesting Schedule

	 	The Grant is fully nonforfeitable (“Vested”) on the Grant Date.
	 
	 	 
	Distribution Date

	 	You will receive a distribution of shares (the “Shares”) of Company common stock (“Common Stock”) equivalent
to your DSUs as indicated on Exhibit A, the “Distribution Date,” subject to any overriding provisions in the
Plan.
	 
	 	 
	Limited Status

	 	You understand and agree that the Company will not consider you a shareholder for any purpose with respect to
the Shares, unless and until the Shares have been issued to you on the Distribution Date(s). You will,
however, receive dividend equivalents (“Dividend Equivalent Rights”) with respect to the DSUs, measured using
the Shares they represent, with the amounts convertible into full or fractional additional DSUs based on
dividing the dividends by the Fair Market Value (as defined in the Plan) as of the date of dividend
distribution and holding the resulting additional DSUs for distribution as provided for the other DSUs.
	 
	 	 
	Voting

	 	DSUs cannot be voted. You may not vote the Shares unless and until the Shares are distributed to you.
	 
	 	 
	Transfer 

Restrictions

	 	You may not sell, assign, pledge, encumber, or otherwise transfer any interest
(“Transfer”) in the Shares until the Shares are distributed to you.
Any attempted Transfer that precedes the Distribution Date for such Shares is invalid.
	 
	 	 
	Additional 

Conditions

	 	The Company may postpone issuing and delivering any Shares for so long as the
Company determines to be advisable to satisfy the following:
	to Receipt
	 	 

	 	 	 	its completing or amending any securities registration or qualification of the Shares or its or your
satisfying any exemption from registration under any Federal or state law, rule, or regulation;
	 
	 	 	 	its receiving proof it considers satisfactory that a person or entity seeking to receive the Shares
after your death is entitled to do so;

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	 	 	 	your complying with any requests for representations under the Grant and the Plan; and
	 
	 	 	 	its or your complying with any federal, state, or local tax withholding obligations.

	 	 	 
	Taxes and
Withholding

	 	The DSUs provide tax deferral, meaning that they are not taxable to you until you
actually receive Shares on or around each Distribution Date. You will then owe taxes at ordinary income tax
rates as of each Distribution Date at the Shares’ value.
	 
	 	 
	 

	 	If you become employed by the Company before a Distribution Date, the
Company will be required to withhold (in cash from salary or other amounts
owed you) the applicable percentage of the value of the Shares on the
Distribution Date. If the Company does not choose to do so, you agree to
arrange for payment of the withholding taxes and/or confirm that the Company
is arranging for appropriate withholding.
	 
	 	 
	Additional 

Representations 

from You

	 	If you receive Shares at a time when the Company does not have a current registration
statement (generally on Form S-8) under the Act that covers issuance of Shares to you,
you must comply with the following before the Company will release the Shares to you. You must:

	 	 	 	represent to the Company, in a manner satisfactory to the Company’s counsel, that you are acquiring the
Shares for your own account and not with a view to reselling or distributing the Shares; and
	 
	 	 	 	agree that you will not sell, transfer, or otherwise dispose of the Shares unless:

	 	 	 	a registration statement under the Act is effective at the time of disposition with respect to
the Shares you propose to sell, transfer, or otherwise dispose of; or
	 
	 	 	 	the Company has received an opinion of counsel or other information and representations it
considers satisfactory to the effect that, because of Rule 144 under the Act or otherwise, no registration
under the Act is required.

	 	 	 
	Additional Restriction

	 	You will not receive the Shares if issuing the Shares would violate any applicable

federal or state securities laws or other laws or regulations.
	 
	 	 
	No Effect on 

Service 

Providing 

Relationship

	 	Nothing in this Agreement restricts the Company’s rights or those of any of its affiliates
to terminate your service on the Company’s Board of Directors or other relationship at
any time, with or without cause. The termination of your relationship, whether by the
Company or any of its affiliates or otherwise, and regardless of the reason for such termination, has the
consequences provided for under the Plan.
	 
	 	 
	No Effect on 

Running Business

	 	You understand and agree that the existence of the DSU will not affect in any way the
right or power of the Company or its stockholders to make or authorize any adjustments, recapitalizations,
reorganizations, or other changes in the Company’s capital structure or its business, or any merger or
consolidation of the Company, or any issuance of bonds, debentures, preferred or other stock, with preference
ahead of or convertible into, or otherwise affecting the Company’s common stock or the rights thereof, or the
dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or
business, or any other corporate act or proceeding, whether or not of a similar character to those described
above.

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	Section 409A

	 	This Agreement is intended to comply with the requirements of Section 409A of the Internal Revenue Code and
must be construed consistently with that section.
Notwithstanding anything in the Plan or this Agreement to the contrary, if
(x) you are a “specified employee” within the meaning of Section 409A at the
time of your separation from service (as determined by the Company, by which
determination you agree you are bound) and (y) the payment under the DSUs
will result in the imposition of additional tax under Section 409A if paid
to you within the six month period following your separation from service,
then the payment under such accelerated DSUs will not be made until the
earlier of (i) the date six months and one day following the date of your
separation from service or (ii) the 10th day after your date of
death, and will be paid within 10 days thereafter. Neither the Company nor
you shall have the right to accelerate or defer the delivery of any such
payments or benefits except to the extent specifically permitted or required
by Section 409A. In any event, the Company makes no representations or
warranty and shall have no liability to you or any other person, if any
provisions of or payments under this Agreement are determined to constitute
deferred compensation subject to Code Section 409A but not to satisfy the
conditions of that section.
	 
	 	 
	Unsecured 

Creditor

	 	This Agreement creates a contractual obligation on the part of the Company to make
payment under the DSUs credited to your account at the time provided for in this
Agreement. Neither you nor any other party claiming an interest in deferred
compensation hereunder shall have any interest whatsoever in any specific assets of the
Company. Your right to receive payments hereunder is that of an unsecured general
creditor of Company.
	 
	 	 
	Governing Law

	 	The laws of the State of Delaware will govern all matters relating to this Agreement,
without regard to the principles of conflict of laws.
	 
	 	 
	Notices

	 	Any notice you give to the Company must follow the procedures then in effect. If no
other procedures apply, you must send your notice in writing by hand or by mail to the
office of the Company’s Secretary. If mailed, you should address it to the Company’s
Secretary at the Company’s then corporate headquarters, unless the Company directs
participants to send notices to another corporate department or to a third party
administrator or specifies another method of transmitting notice. The Company and the
Administrator will address any notices to you at your office or home address as
reflected on the Company’s business records. You and the Company may change the
address for notice by like notice to the other, and the Company can also change the
address for notice by general announcements to participants.
	 
	 	 
	Plan Governs

	 	Wherever a conflict may arise between the terms of this Agreement and the terms of the
Plan, the terms of the Plan will control.

	 	 	 	 	 
	 	Arbitron Inc.

 	 
	Date:                     	By:  	 	 
	 	 	 	 
	 	 	 	 

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ACKNOWLEDGMENT

     I acknowledge I received a copy of the Plan. I represent that I have read and am familiar
with the Plan’s terms. I accept the Grant subject to all of the terms and provisions of this
Agreement and of the Plan under which the Grant is made, as the Plan may be amended in accordance
with its terms. I agree to accept as binding, conclusive, and final all decisions or
interpretations of the Administrator concerning any questions arising under the Plan with respect
to the Grant.

	 	 	 	 	 
	 	 	 
	Date:                                  	  	 	 
	 	 	 	 
	 	 	Name:  	 	 
	 	 	 	 
	 

     No one may sell, transfer, or distribute the securities covered by the Grant without an
effective registration statement relating thereto or an opinion of counsel satisfactory to the
Company or other information and representations satisfactory to the Company that such registration
is not required.

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Grant No.                     

Arbitron Inc.

2008 Equity Compensation Plan

Deferred Stock Unit — Initial Grant

Exhibit A

Recipient Information:

	 	 	 
	Name:

	 	                                                         
	 
	 	 
	Signature:

	 	X                                                      

Grant Information:

DSUs:         
                   
                   
               Date of Grant:   
             
                  
                    

	 	 	 
	Distribution Date

	 	Your Distribution Date will be a date within 30 days
after the six month anniversary of my ceasing to serve
as a director of the Company, at which point I will
receive all Shares covered by the DSUs.
	 
	 	 
	 

	 	If a Change in Control Event (as defined in the Plan) occurs before
the Distribution Date and the Change in Control Event also would be
an event described in Treas. Reg. Section 1.409A-3(i)(5), full
payment will be made in connection with the closing of the Change in
Control Event. A Change in Control Event that does not comport with
that regulation will not affect the payment timing. The payment will
be in cash (unless the Board determines otherwise) equal to the value
per share of the consideration received in the Change in Control
Event multiplied by the number of DSUs, at which point the DSUs will
expire without further obligation to you. The Board will have the
authority to value any consideration received in the Change in
Control Event to the extent neither cash nor readily marketable
securities.

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