Document:

Nonqualified Stock Option Agreement

 Exhibit 10.37 
  
 PLANAR SYSTEMS, INC. 
  
 NONQUALIFIED STOCK OPTION AGREEMENT 
  

					
	To: Gerald Perkel	  	Date of Grant: September 26, 2005

  
 We are pleased to
inform you that pursuant to your Executive Employment Agreement dated as of September 26, 2005 with Planar Systems, Inc. (the “Company”), the Board of Directors (the “Board”) of the Company has awarded you a nonqualified
stock option for the purchase of two hundred forty thousand (240,000) shares (the “Shares”) of the Company’s common stock at an exercise price of $7.85 per share. 
  
 1. TERM. The term of the option is ten years from date of grant, unless sooner terminated. 
  
 2. VESTING. Except as otherwise provided by the Executive Employment Agreement between you
and the Company dated September 26, 2005, the option will vest and become exercisable according to the following schedule: the option will vest with respect to twenty-five percent (25%) of the Shares on September 29, 2006 and,
thereafter, the option will vest with respect to six and one quarter percent (6.25%) of the Shares on the last day of each fiscal quarter of the Company, beginning with the quarter ending December 29, 2006. 
  
 3. EXERCISE. During your lifetime only you can exercise the option. The option may be
exercised by the personal representative of your estate, by the beneficiary you have designated on forms prescribed by and filed with the Company, or the beneficiary of your estate following your death. You may use the Notice of Exercise of
Nonqualified Stock Option in the form attached to this Agreement when you exercise the option. 
  
 4. PAYMENT FOR SHARES. The option may be exercised by the delivery of: 
  
 a. Cash, personal check (unless, at the time of exercise, the Company determines otherwise), bank certified or
cashier’s check; 
  
 b. Unless the Compensation Committee of
the Board (the “Committee”) in its sole discretion determines otherwise, shares of the capital stock of the Company held by you for a period of at least six months having a fair market value at the time of exercise, as determined in good
faith by the Board, equal to the exercise price; 
  
 c. A properly
executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the Company the amount of sale or loan proceeds to pay the exercise price; or 
  
 d. Instructions to the Company to withhold from the Shares that would otherwise be issued on the exercise that number of
Shares having a fair market value at the time of such exercise equal to the aggregate exercise price of the options being exercised. 
  

 1 – NONQUALIFIED STOCK OPTION AGREEMENT 

 5. WITHHOLDING TAXES. As a condition to the exercise of the option, you must make such arrangements as the Company may
require for the satisfaction of any federal, state or local withholding tax obligations that may arise in connection with such exercise. 
  
 6. TERMINATION. If your employment with the Company terminates, and unless by its terms the option sooner terminates or expires, then you may exercise, for a twelve-month
period following the termination of your employment, that portion of the option which is exercisable at the time of such termination, but the option will terminate at the end of such period following such termination as to all Shares for which it
has not theretofore been exercised. 
  
 7. DEATH OF OPTIONEE. If you die while
having a relationship with the Company or within the 12-month period following cessation of such relationship, and unless by its terms the option sooner terminates or expires, this option may be exercised within one year after your death by the
personal representative of your estate or by the person or persons to whom your rights under the option pass (i) by will or by the applicable laws of descent and distribution or (ii) by a designation or transfer, but the option will
terminate at the end of such period following your death as to all Shares for which it has not theretofore been exercised. 
  
 8. TRANSFERABILITY OF OPTION. This option and the rights and privileges conferred hereby may not be transferred, assigned, pledged or hypothecated in any manner (whether
by operation of law or otherwise) other than by will or by the applicable laws of descent and distribution and shall not be subject to execution, attachment or similar process. This option is personal to you and is exercisable solely by you. Any
attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option or of any right or privilege conferred hereby, contrary to the provisions hereof, or the sale or levy or any attachment or similar process upon the rights and
privileges conferred hereby will be null and void. Notwithstanding the foregoing, to the extent permitted by applicable law and regulation, the Company, in its sole discretion, may permit you to (i) during your lifetime, designate a person who
may exercise the option after your death by giving written notice of such designation to the Company (such designation may be changed from time to time by you by giving written notice to the Company revoking any earlier designation and making a new
designation) or (ii) transfer the option and the rights and privileges conferred hereby. 
  
 9. NO STATUS AS SHAREHOLDER. Neither you nor any party to whom your rights and privileges under the option pass will be, or have any of the rights or privileges of, a shareholder of the Company with respect to any of
the Shares issuable upon the exercise of this option unless and until this option has been exercised. 
  
 10. CONTINUATION OF RELATIONSHIP. Nothing in this option will confer upon you any right to continue in the employ or other relationship of the Company, or to interfere in any way with the right of the Company to
terminate your employment or other relationship with the Company at any time. 
  
 11. ADJUSTMENTS UPON CHANGES IN CAPITALIZATION. The aggregate number and class of shares covered by this option and the exercise price per share thereof (but not the total price), will all be proportionately adjusted for any increase or
decrease in the number of issued shares of Common Stock of the Company resulting from a split-up or consolidation of shares or any like capital adjustment, or the payment of any stock dividend. 
  

 2 – NONQUALIFIED STOCK OPTION AGREEMENT 

 12. EFFECT OF LIQUIDATION OR REORGANIZATION. 
  
 a. Dissolution or Liquidation. In the event of the proposed dissolution or
liquidation of the Company, this option will terminate immediately prior to the consummation of such proposed action. The Committee shall declare that this option shall terminate as of a date fixed by the Board and give you the right to exercise
your option as to all or any part of the Shares subject to this option, including Shares as to which this option would not otherwise be exercisable. 
  
 b. Cash for Stock. Except as provided in subsection (c), upon a merger (other than a merger of the Company in which the holders of shares of Common Stock
immediately prior to the merger have the same proportionate ownership of shares of Common Stock in the surviving corporation immediately after the merger), consolidation, acquisition of property or stock, separation or reorganization (other than a
mere reincorporation or the creation of a holding company) of the Company, as a result of which the shareholders of the Company receive cash in exchange for or in connection with their shares of Common Stock, this option will terminate, but
immediately prior to any such merger, consolidation, acquisition of property or stock, separation or reorganization, this option shall become fully vested and you will have the right to exercise this option in full. 
  
 c. Property or Stock for Stock. In the event of a sale of all or
substantially all of the assets of the Company, or the merger of the Company with or into another corporation in which the shareholders receive property or stock, this option shall be assumed or an equivalent option shall be substituted by such
successor corporation or a parent or subsidiary of such successor corporation, unless the Committee determines, in the exercise of its sole discretion and in lieu of such assumption or substitution, that you shall have the right to exercise this
option as to all or any part of the Shares subject to this option, including Shares as to which this option would not otherwise be exercisable. If the Committee determines that this option shall be exercisable in lieu of assumption or substitution
in the event of a merger or sale of assets, the Committee shall notify you that this option shall be so exercisable for a period of thirty (30) days from the date of such notice or such shorter period as the Committee may specify in the notice,
and this option will terminate upon the expiration of such period. For the purposes of this paragraph, this option shall be considered assumed if, following the merger or sale of assets, this option confers the right to purchase, for each Share
subject to this option immediately prior to the merger or sale of assets, the consideration (whether stock, cash, or other securities or property) received in the merger or sale of assets by holders of Common Stock for each share held on the
effective date of the transaction; provided, however, that if such consideration received in the merger or sale of assets was not solely common stock of the successor corporation or its parent, the Committee shall provide for the consideration to be
received upon the exercise of this option, for each Share subject to this option, to be solely common stock of the successor corporation or its parent equal in fair market value to the per share consideration received by holders of Common Stock in
the merger or sale of assets. 
  

 3 – NONQUALIFIED STOCK OPTION AGREEMENT 

 13. FRACTIONAL SHARES. In the event of any adjustment in the number of shares covered by this option, any fractional
shares resulting from such adjustment will be disregarded and the option will cover only the number of full shares resulting from such adjustment. 
  
 14. DETERMINATION OF COMMITTEE TO BE FINAL. The administration of this Agreement and all determinations and adjustments referred to herein will be made by the Committee,
and its determination as to what adjustments will be made, and the extent thereof and all other determinations, will be final, binding and conclusive. 
  
 15. SECURITIES REGULATION. Shares will not be issued with respect to this option unless the exercise of such option and the issuance and delivery of the Shares pursuant
thereto complies with all relevant provisions of law, including, without limitation, any applicable state securities laws, the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, the rules and regulations promulgated
thereunder, and the requirements of any stock exchange upon which the shares may then be listed. The Company agrees to register under the Securities Act of 1933 the sale of the Shares to you upon exercise of the option. 
  
 Please execute the enclosed copy of this Agreement and return it to the
undersigned. 
  

					
	 	 	Very truly yours,
		
	 	 	PLANAR SYSTEMS, INC.
			
	 	 	By:	 	 /S/    GREGORY H. TURNBULL

	  
 AGREED AND ACCEPTED:
	 	 	 	 Gregory H. Turnbull
 Chairman of the
Board

			
	 /s/ Gerald Perkel

	 	 	 	 
	Gerald Perkel	 	 	 	 
			
	Date: September 26, 2005	 	 	 	 

  

 4 – NONQUALIFIED STOCK OPTION AGREEMENT 

 NOTICE OF EXERCISE OF NONQUALIFIED STOCK OPTION 
  
 To: Planar Systems, Inc. 
  
 I, Gerald Perkel, a resident of the State of Oregon, hereby exercise my nonqualified stock option granted by Planar Systems,
Inc. (the “Company”) on September     , 2005 and notify the Company of my desire to purchase shares of Common Stock of the Company (the “Securities”) at the exercise price of
$             per share which were offered to me pursuant to said option. 
  
 I hereby represent and warrant that (1) I have been furnished with all information which I deem necessary to evaluate the merits and risks of the
purchase of the Securities; (2) I have had the opportunity to ask questions and receive answers concerning the information received about the Securities and the Company; and (3) I have been given the opportunity to obtain any additional
information I deem necessary to verify the accuracy of any information obtained concerning the Securities and the Company. 
  

	
	 Dated:
                                

	  
 /s/ Gerald Perkel

	 Gerald Perkel

	
	 Taxpayer I.D. Number:
                    

	
	 Address

	
	  

	  

	  

  

 5 – NONQUALIFIED STOCK OPTION AGREEMENT 

 RECEIPT 
  
                         
hereby acknowledges receipt from Gerald Perkel, in payment for              shares of Common Stock of Planar Systems, Inc., an Oregon corporation, of
$            in the form of 
  
  ̈    Cash 
  
  ̈    Check (personal, cashier’s or bank certified) 
  
  ̈
                     shares of the Company’s Common Stock, fair market value
$             per share held by the Optionee for a period of at least six months 
  
  ̈ A properly executed exercise notice together
with irrevocable instructions to a broker to promptly deliver to the Company the amount of sale or loan proceeds to pay the exercise price 
  

					
	 Date:
                                
	 	 
		
	 	 	 PLANAR SYSTEMS, INC.

			
	 	 	By:	 	  

	 	 	 	 	 

  

 6 – NONQUALIFIED STOCK OPTION AGREEMENTAmended and Restated Bonus Program

 Exhibit 10.1 
  
 NCI BUILDING SYSTEMS, INC. 
  
 BONUS PROGRAM 
  
 [As Amended and Restated as of December 8, 2005] 
  
 The Bonus Program (the “Program”) is as follows: 
  
 1. Purpose. The purpose of the Program is: 
  
 (A) To provide exceptional cash rewards earned by exceptional performance; and 
  
 (B) To focus management attention on key objectives of the Company by basing
their bonus on return on assets and growth in earnings per share. 
  
 2. Administration. The Program will be administered and interpreted by the Compensation Committee of the Board of Directors of the Company (the “Committee”). 
  
 3. Maximum Bonuses and Bonus Performance Standards. 
  
 (A) Maximum Bonuses. For fiscal 2004 and thereafter, the aggregate maximum bonus pool to be paid pursuant to the
Program in any fiscal year (including all bonuses and any related 401(k) profit sharing plan matches, social security taxes and other employer costs) for all of the Company’s employees shall not exceed fifteen percent (15%) of the
Company’s Adjusted Pre-Tax Profit before any accrual for bonuses payable pursuant to the Program for that fiscal year (the “Maximum Bonus Amount”). If the aggregate bonuses to be paid pursuant to the Program for Level 1A, Level 1B,
Level 2, Level 3 and Level 4 participants and the Non-Management Bonus Pool in any fiscal year exceed the Maximum Bonus Amount, then the bonuses to be paid to Level 1A, Level 1B, Level 2, Level 3 and Level 4 participants shall be reduced on a pro
rata basis to an amount such that the aggregate bonuses to be paid pursuant to the Program for Level 1A, Level 1B, Level 2, Level 3 and Level 4 participants and the Non-Management Bonus Pool in that fiscal year equal the Maximum Bonus Amount.

  
 (B) Combination of ROA and EPS. Level 1A, Level
1B and Level 2 participants will be eligible for the award of an annual cash bonus equal to a percentage of their respective base salaries, based upon the Company’s achievement of a specified ROA, a specified EPS Growth or a combination of
ROA and EPS Growth for the fiscal year. No cash bonuses will be awarded to these participants if both ROA is less than 15% and EPS Growth is less than 10%. 
  
 (1) Level 2 Participants. Subject to the minimum requirements for ROA and EPS Growth, Level 2 participants will be eligible for a cash bonus
award based upon the grid of ROA and EPS Growth achievement attached hereto as Exhibit A, in which the bonus eligible for award is the percentage of base salary indicated at each intersecting grid mark for ROA and EPS Growth (e.g., ROA
of 25% and EPS Growth of 15% results in a 50% cash bonus). 
  

 1 

 Exhibit 10.1 
  
 (2) Level 1A and 1B Participants. Cash bonus awards for which Level 1A and 1B participants are eligible also will be
based on the grid of ROA and EPS Growth achievement attached hereto as Exhibit A, but (1) for Level 1A participants it will be 2.0 times the percentage of base salary indicated for Level 2 participants and (2) for Level 1B
participants it will be 1.5 times the percentage of base salary indicated for the Level 2 participants. 
  
 (C) ROA Only. Level 3 and Level 4 participants will be eligible for the award of a cash bonus equal to a percentage of their respective
base salaries, based upon the Company’s achievement of a specified ROA for the fiscal year. No cash bonuses will be awarded to these participants if ROA is less than 15%. 
  
 (1) Level 3 Participants. The Committee shall place all Level 3 participants in five categories. If ROA is 15% or
more, Level 3 participants will be eligible for a cash bonus in accordance with the following table: 
  

					
	 Category

	 	 Minimum
 Bonus
 (15% ROA)

	 	 Additional Percentage
 of Base Salary for each
 1% Increment of ROA
 in excess of 15%

	A	 	7.5%	 	2.25%
			
	B	 	8.75%	 	2.625%
			
	C	 	10%	 	3%
			
	D	 	11.25%	 	3.375%
			
	E	 	12.5%	 	3.75%

  
 (2) Level 4
Participants. If ROA is 15% or more, Level 4 participants will be eligible for the award of a cash bonus equal to 6.25% of base salary and an additional 1.875% of base salary for each 1% increment in ROA over 15%. 
  
 (D) Non-Management Bonus Pool. The Company shall establish a
permanent minimum bonus pool for lower level, non-management employees (the “Non-Management Bonus Pool”), in an amount equal to the lesser of (i) $2,000,000, or (ii) ten percent (10%) of the Company’s Adjusted Pre-Tax
Profit before any accrual for bonuses payable pursuant to the Program; provided, however, that the aggregate amount of the Non-Management Bonus Pool shall be adjusted annually by a percentage equal to the percentage increase in the then most
recently published CPI (as hereinafter defined), over the CPI published for the immediately preceding fiscal year. If the CPI did not increase during the measurement period, no adjustment to the Non-Management Bonus Pool shall be made. For purposes
of the Program, “CPI” means the Consumer Price Index for All Urban Customers for the Houston-Galveston-Brazoria area. If the CPI becomes unavailable to the public because publication is discontinued, or otherwise, then the Company and the
Committee will substitute therefor a comparable index based upon changes in the cost of living or purchasing power of the consumer dollar, published by another governmental agency or, if no such index shall be available then a comparable index
published by a major bank or other financial institution or by a recognized financial publication. 
  

 2 

 Exhibit 10.1 
  
 (E) No Individual Caps. Subject to the Maximum Bonus Amount set forth in Section 3(A) above, participants will
not be subject to any cap on the maximum amount of an individual bonus. The grid attached hereto as Exhibit A illustrates the bonus levels payable up to 35% ROA Growth and 30% EPS Growth. Should either of these metrics exceed those levels,
individual bonuses shall be increased by extrapolating the grid in a proportionate manner. 
  
 4. Participants and Eligibility. 
  
 (A) Whether or not to award a cash bonus to any particular participant is within the absolute discretion of the Company and the Committee. No bonus award to a Level 1A, 1B, 2 or 3 participant may be paid unless
and until approved by the Committee, and no bonus award may be paid to a Level 4 participant unless and until the Committee has approved the aggregate employee bonus pool for that fiscal year. 
  
 (B) A participant shall not be eligible for and shall not be entitled to
receive a bonus for any fiscal year’s performance unless the participant is employed by the Company or one of its subsidiaries both on the last day of the fiscal year and on the date of approval by the Committee of the bonus (if a
Level 1A, 1B, 2 or 3 participant) or the aggregate employee bonus pool for that year (if a Level 4 participant). 
  
 (C) The Committee, in its sole discretion, shall determine the Level 1A, 1B, Level 2 and Level 3 participants for any given fiscal year;
provided, however, the Committee and/or the Executive Committee shall determine the categories into which Level 3 participants will be placed, and provided further that the Executive Committee shall have the authority to move a Level 4
participant to the lowest category of Level 3 when that participant receives a promotion. Designation of a manager as a participant for any fiscal year is in the absolute discretion of the Company and the Committee and does not entitle that
participant to remain as a participant in any subsequent year. 
  
 (D) Addition, removal or movement of participants into, from or between any of Levels 1A, 1B, 2 or 3 must be submitted to and approved by the Committee; provided, however, that the Executive Committee shall have the authority to move a
Level 4 participant to the lowest category of Level 3 when that participant receives a promotion. The Level 1 managers, with the approval of the Chairman of the Board and President, shall have discretion to add or remove participants
at Level 4 without further action of the Committee, provided the aggregate bonuses paid to all employees do not exceed the amount of the employee bonus pool for that year approved by the Committee. 
  
 (E) The Executive Committee, in its sole discretion, shall determine the
participants in the Non-Management Bonus Pool for any given fiscal year. Designation of a non-management employee as a participant for any fiscal year is in the absolute discretion of the Company and the Executive Committee and does not entitle that
participant to remain as a participant in any subsequent year. 
  
 5. Definitions. As used in this Program, the following terms shall have the meanings set forth below: 
  

 3 

 Exhibit 10.1 
  
 “Adjusted EPS” means net income plus the after-tax impact of deferred financing costs and other
non-recurring expenses approved by the Compensation Committee or the Board of Directors divided by the weighted average shares outstanding on a fully diluted basis for the period as set forth on the audited annual financial statements of the Company
and, when appropriate to the calculations, the internally generated financial statements for each month and quarter of the fiscal year, prepared in accordance with generally accepted accounting principles. Solely for the purposes of the calculation
of EPS Growth for fiscal 2006, Adjusted EPS for fiscal 2005 shall be calculated to reflect the pro forma impact of the Company’s stock option grants using the fair value method under SFAS 123, as set forth in the Company’s audited
financial statements for fiscal 2005. 
  
 “Adjusted Operating Assets” means (x) total assets, less (y) cash and cash equivalents, deferred income taxes and goodwill, all as set forth on the audited annual financial statements of the Company and, when appropriate
to the calculations, the internally generated financial statements for each month and quarter of the fiscal year, prepared in accordance with generally accepted accounting principles. 
  
 “Adjusted Pre-Tax Profit” means EBIT plus deferred financing costs and other non-recurring
expenses approved by the Compensation Committee or the Board of Directors as set forth on the audited annual financial statements of the Company and, when appropriate to the calculations, the internally generated financial statements for each month
and quarter of the fiscal year, prepared in accordance with generally accepted accounting principles. 
  
 “EBIT” means income before income taxes plus interest expense as set forth on the audited annual financial statements of the
Company and, when appropriate to the calculations, the internally generated financial statements for each month and quarter of the fiscal year, prepared in accordance with generally accepted accounting principles. 
  
 “EPS Growth” means (x) Adjusted EPS for the
fiscal year less Adjusted EPS for the prior fiscal year, divided by (y) Adjusted EPS for the prior fiscal year. If the Company conducts a public offering of equity securities, the Committee will evaluate and determine at that time whether any
adjustments should be made to the calculation of EPS Growth. 
  
 “Maximum Bonus Amount” has the meaning set forth in Section 3(A) hereof. 
  
 “Non-Management Bonus Pool” has the meaning set forth in Section 3(D) hereof. 
  
 “ROA” means Adjusted Pre-Tax Profit divided by
Adjusted Operating Assets. 
  
 6. Interpretation. The
Committee shall interpret the Program and shall prescribe such rules and regulations in connection with the operation of the Program as it determines to be advisable. The Committee may rescind and amend its rules, regulations and interpretations.

  

 4 

 Exhibit 10.1 
  
 7. Amendment or Termination. The Program may be terminated at any time or amended from time to time by the Committee
without the consent or approval of the participants in the Program. 
  
 8. Effect of Program. Neither the adoption of the Program nor any action of the Committee, including action taken at any time to terminate or amend the Program, shall be deemed to give any officer, manager, employee, participant or
other person any right to receive a bonus or any other rights, whether as a third party beneficiary or otherwise. 
  

 5 

 LEVEL 1 AND 11 BONUS PARTICIPANTS 
 Matrix as Shown for 50% 
 Matrix times 1.5 for 75% 
  

																																																																															
	 	 	30	%	 	20	 	22	 	24	 	25	 	 	27	 	29	 	31	 	33	 	35	 	 	37	 	39	 	41	 	43	 	45	 	 	47	 	49	 	51	 	53	 	55	 	 	57	 	59	 	61	 	63	 	65	 	 	67	 	69	 	71	 	73	 	75	 	 	77	 	79	 	81	 	83	 	85	 
	 	 	 	 	 	18	 	20	 	22	 	24	 	 	26	 	28	 	30	 	32	 	34	 	 	36	 	38	 	40	 	42	 	44	 	 	46	 	48	 	50	 	52	 	54	 	 	56	 	58	 	60	 	62	 	64	 	 	66	 	68	 	70	 	72	 	74	 	 	76	 	78	 	80	 	82	 	84	 
	 	 	 	 	 	17	 	19	 	21	 	23	 	 	25	 	27	 	29	 	31	 	33	 	 	35	 	37	 	39	 	41	 	43	 	 	45	 	47	 	49	 	51	 	53	 	 	55	 	57	 	59	 	61	 	63	 	 	65	 	67	 	69	 	71	 	73	 	 	75	 	77	 	79	 	81	 	83	 
	 	 	5	%	 	16	 	18	 	20	 	22	 	 	24	 	26	 	28	 	30	 	32	 	 	34	 	36	 	38	 	40	 	42	 	 	44	 	46	 	48	 	50	 	52	 	 	54	 	56	 	58	 	60	 	62	 	 	64	 	66	 	68	 	70	 	72	 	 	74	 	76	 	78	 	80	 	82	 
	 	 	 	 	 	15	 	17	 	19	 	21	 	 	23	 	25	 	27	 	29	 	31	 	 	33	 	35	 	37	 	39	 	41	 	 	43	 	45	 	47	 	49	 	51	 	 	53	 	55	 	57	 	59	 	61	 	 	63	 	65	 	67	 	69	 	71	 	 	73	 	75	 	77	 	79	 	81	 
	 	 	25	%	 	14	 	16	 	18	 	20	 	 	22	 	24	 	26	 	28	 	30	 	 	32	 	34	 	36	 	38	 	40	 	 	42	 	44	 	46	 	48	 	50	 	 	52	 	54	 	56	 	58	 	60	 	 	62	 	64	 	66	 	68	 	70	 	 	72	 	74	 	76	 	78	 	80	 
	 	 	 	 	 	13	 	15	 	17	 	19	 	 	21	 	23	 	25	 	27	 	29	 	 	31	 	33	 	35	 	37	 	39	 	 	41	 	43	 	45	 	47	 	49	 	 	51	 	53	 	55	 	57	 	59	 	 	61	 	63	 	65	 	67	 	69	 	 	71	 	73	 	75	 	77	 	79	 
	 	 	 	 	 	12	 	14	 	16	 	18	 	 	20	 	22	 	24	 	26	 	28	 	 	30	 	32	 	34	 	36	 	38	 	 	40	 	42	 	44	 	46	 	48	 	 	50	 	52	 	54	 	56	 	58	 	 	60	 	62	 	64	 	66	 	68	 	 	70	 	72	 	74	 	76	 	78	 
	 	 	2.5	%	 	11	 	13	 	15	 	17	 	 	19	 	21	 	23	 	25	 	27	 	 	29	 	31	 	33	 	35	 	37	 	 	39	 	41	 	43	 	45	 	47	 	 	49	 	51	 	53	 	55	 	57	 	 	59	 	61	 	63	 	65	 	67	 	 	69	 	71	 	73	 	75	 	77	 
	 	 	 	 	 	10	 	12	 	14	 	16	 	 	18	 	20	 	22	 	24	 	26	 	 	28	 	30	 	32	 	34	 	36	 	 	38	 	40	 	42	 	44	 	46	 	 	48	 	50	 	52	 	54	 	56	 	 	58	 	60	 	62	 	64	 	66	 	 	68	 	70	 	72	 	74	 	76	 
	 	 	20	%	 	9	 	11	 	13	 	15	 	 	17	 	19	 	21	 	23	 	25	 	 	27	 	29	 	31	 	33	 	35	 	 	37	 	39	 	41	 	43	 	45	 	 	47	 	49	 	51	 	53	 	55	 	 	57	 	59	 	61	 	63	 	65	 	 	67	 	69	 	71	 	73	 	75	 
	 	 	 	 	 	8	 	10	 	12	 	14	 	 	16	 	18	 	20	 	22	 	24	 	 	26	 	28	 	30	 	32	 	34	 	 	36	 	38	 	40	 	42	 	44	 	 	46	 	48	 	50	 	52	 	54	 	 	56	 	58	 	60	 	62	 	64	 	 	66	 	68	 	70	 	72	 	74	 
	 	 	 	 	 	7	 	9	 	11	 	13	 	 	15	 	17	 	19	 	21	 	23	 	 	25	 	27	 	29	 	31	 	33	 	 	35	 	37	 	39	 	41	 	43	 	 	45	 	47	 	49	 	51	 	53	 	 	55	 	57	 	59	 	61	 	63	 	 	65	 	67	 	69	 	71	 	73	 
	E	 	 	 	 	6	 	8	 	10	 	12	 	 	14	 	16	 	18	 	20	 	22	 	 	24	 	26	 	28	 	30	 	32	 	 	34	 	36	 	38	 	40	 	42	 	 	44	 	46	 	48	 	50	 	52	 	 	54	 	56	 	58	 	60	 	62	 	 	64	 	66	 	68	 	70	 	72	 
	P	 	 	 	 	5	 	7	 	9	 	11	 	 	13	 	15	 	17	 	19	 	21	 	 	23	 	25	 	27	 	29	 	31	 	 	33	 	35	 	37	 	39	 	41	 	 	43	 	45	 	47	 	49	 	51	 	 	53	 	55	 	57	 	59	 	61	 	 	63	 	65	 	67	 	69	 	71	 
	S	 	15	%	 	4	 	6	 	8	 	10	 	 	12	 	14	 	16	 	18	 	20	 	 	22	 	24	 	26	 	28	 	30	 	 	32	 	34	 	36	 	38	 	40	 	 	42	 	44	 	46	 	48	 	50	 	 	52	 	54	 	56	 	58	 	60	 	 	62	 	64	 	66	 	68	 	70	 
	 	 	 	 	 	3	 	5	 	7	 	9	 	 	11	 	13	 	15	 	17	 	19	 	 	21	 	23	 	25	 	27	 	29	 	 	31	 	33	 	35	 	37	 	39	 	 	41	 	43	 	45	 	47	 	49	 	 	51	 	53	 	55	 	57	 	59	 	 	61	 	63	 	65	 	67	 	69	 
	 	 	 	 	 	2	 	4	 	6	 	8	 	 	10	 	12	 	14	 	16	 	18	 	 	20	 	22	 	24	 	26	 	28	 	 	30	 	32	 	34	 	36	 	38	 	 	40	 	42	 	44	 	46	 	48	 	 	50	 	52	 	54	 	56	 	58	 	 	60	 	62	 	64	 	66	 	68	 
	G	 	 	 	 	1	 	3	 	5	 	7	 	 	9	 	11	 	13	 	15	 	17	 	 	19	 	21	 	23	 	25	 	27	 	 	29	 	31	 	33	 	35	 	37	 	 	39	 	41	 	43	 	45	 	47	 	 	49	 	51	 	53	 	55	 	57	 	 	59	 	61	 	63	 	65	 	67	 
	R	 	 	 	 	0	 	2	 	4	 	6	 	 	8	 	10	 	12	 	14	 	16	 	 	18	 	20	 	22	 	24	 	26	 	 	28	 	30	 	32	 	34	 	36	 	 	38	 	40	 	42	 	44	 	46	 	 	48	 	50	 	52	 	54	 	56	 	 	58	 	60	 	62	 	64	 	66	 
	O	 	10	%	 	0	 	1	 	3	 	5	 	 	7	 	9	 	11	 	13	 	15	 	 	17	 	19	 	21	 	23	 	25	 	 	27	 	29	 	31	 	33	 	35	 	 	37	 	39	 	41	 	43	 	45	 	 	47	 	49	 	51	 	53	 	55	 	 	57	 	59	 	61	 	63	 	65	 
	W	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	24	 	 	26	 	28	 	30	 	32	 	34	 	 	36	 	38	 	40	 	42	 	44	 	 	46	 	48	 	50	 	52	 	54	 	 	56	 	58	 	60	 	62	 	64	 
	T	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	23	 	 	25	 	27	 	29	 	31	 	33	 	 	35	 	37	 	39	 	41	 	43	 	 	45	 	47	 	49	 	51	 	53	 	 	55	 	57	 	59	 	61	 	63	 
	H	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	22	 	 	24	 	26	 	28	 	30	 	32	 	 	34	 	36	 	38	 	40	 	42	 	 	44	 	46	 	48	 	50	 	52	 	 	54	 	56	 	58	 	60	 	62	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	21	 	 	23	 	25	 	27	 	29	 	31	 	 	33	 	35	 	37	 	39	 	41	 	 	43	 	45	 	47	 	49	 	51	 	 	53	 	55	 	57	 	59	 	61	 
	 	 	5	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	20	 	 	22	 	24	 	26	 	28	 	30	 	 	32	 	34	 	36	 	38	 	40	 	 	42	 	44	 	46	 	48	 	50	 	 	52	 	54	 	56	 	58	 	60	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	19	 	 	21	 	23	 	25	 	27	 	29	 	 	31	 	33	 	35	 	37	 	39	 	 	41	 	43	 	45	 	47	 	49	 	 	51	 	53	 	55	 	57	 	59	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	18	 	 	20	 	22	 	24	 	26	 	28	 	 	30	 	32	 	34	 	36	 	38	 	 	40	 	42	 	44	 	46	 	48	 	 	50	 	52	 	54	 	56	 	58	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	17	 	 	19	 	21	 	23	 	25	 	27	 	 	29	 	31	 	33	 	35	 	37	 	 	39	 	41	 	43	 	45	 	47	 	 	49	 	51	 	53	 	55	 	57	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	16	 	 	18	 	20	 	22	 	24	 	26	 	 	28	 	30	 	32	 	34	 	36	 	 	38	 	40	 	42	 	44	 	46	 	 	48	 	50	 	52	 	54	 	56	 
	 	 	2.5	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	15	 	 	17	 	19	 	21	 	23	 	25	 	 	27	 	29	 	31	 	33	 	35	 	 	37	 	39	 	41	 	43	 	45	 	 	47	 	49	 	51	 	53	 	55	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	14	 	 	16	 	18	 	20	 	22	 	24	 	 	26	 	28	 	30	 	32	 	34	 	 	36	 	38	 	40	 	42	 	44	 	 	46	 	48	 	50	 	52	 	54	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	13	 	 	15	 	17	 	19	 	21	 	23	 	 	25	 	27	 	29	 	31	 	33	 	 	35	 	37	 	39	 	41	 	43	 	 	45	 	47	 	49	 	51	 	53	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	12	 	 	14	 	16	 	18	 	20	 	22	 	 	24	 	26	 	28	 	30	 	32	 	 	34	 	36	 	38	 	40	 	42	 	 	44	 	46	 	48	 	50	 	52	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	11	 	 	13	 	15	 	17	 	19	 	21	 	 	23	 	25	 	27	 	29	 	31	 	 	33	 	35	 	37	 	39	 	41	 	 	43	 	45	 	47	 	49	 	51	 
	 	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	10	 	 	12	 	14	 	16	 	18	 	20	 	 	22	 	24	 	26	 	28	 	30	 	 	32	 	34	 	36	 	38	 	40	 	 	42	 	44	 	46	 	48	 	50	 
		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	0%	 	 	 	 	 	 	 	 	 	 	4	%	 	 	 	 	 	 	 	 	 	9	%	 	 	 	 	 	 	 	 	 	14	%	 	 	 	 	 	 	 	 	 	19	%	 	 	 	 	 	 	 	 	 	24	%	 	 	 	 	 	 	 	 	 	29	%	 	 	 	 	 	 	 	 	 	34	%
		 	
	 	 	 	 	 	Return on Assets (Percent)	 

  

					
	 	  	 Bonus Grid Calculation for Level
2—50%
 (2 times ROA%) + EPS % Growth—14% = % Payout
  
	  	 
	 	  	 	  	 
	 	  	 FY 2004 Bonus Calculation
Example
 2 X 25.4% + 110.8333%—15% = 146.6333%—Level 2
 146.6333% * 2 = 293.2667%— Level 1A
 146.6333% * 1.5 = 219.9499%— Level 1
 Level 1 & 2 Payout of Target 293.2667%—(146.6333% / 50% Target)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00094-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00094-of-00352.parquet"}]]