Exhibit 10.30
Corporate Executive Fiscal 2005 Bonus Measurements
The fiscal 2005 bonus plan for corporate executives will be based on year-over-year improvement in Actuant’s Consolidated Combined Management Measure (CMM)
Supporting Definitions:
Consolidated CMM = Net earnings before interest, taxes, and amortization less Asset Carrying Charge of 20% of net debt, shareholders’ equity and accumulated amortization of intangible assets
Bonus Targets:
| 0% | 100% (Target) |
250% | ||||||
| Consolidated CMM |
$40.4 million | $44.5 million | $50.5 million | |||||
| Name |
Functional Area | Proposed Bonus Payout @ 100% | ||||||
| Robert Arzbaecher | Chief Executive Officer | $536,000 | ||||||
| Andrew Lampereur | Chief Financial Officer | $155,000 | ||||||
Business Unit & Segment Leader Fiscal 2005 Bonus Measurements
The fiscal 2005 bonus plan for segment leaders will be based on year-over-year improvement in segment CMM (70%) and year-over-year improvement in Actuant’s CMM (30%). The fiscal 2005 bonus plan for the European Electrical business unit leader will be based on year-over-year improvement in Business Unit CMM (33%), year-over-year improvement in Actuant’s CMM (33%), and a performance based incentive based on projects assigned by the CEO (34%).
Supporting Definitions:
Business Unit & Segment CMM = Operating Profit (before amortization) less Asset Carrying Charge of 20% of Net Assets Employed
Net Assets Employed = Net accounts receivable + net inventory + prepaid assets + net fixed assets + other long-term assets (excluding intangible assets) - accounts payable – accrued current liabilities
Bonus Targets:
| Mark Goldstein; Executive Vice President— |
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| Tools & Supplies CMM |
0% payout: Less than or equal to 100% of prior year. 100% payout: 10% improvement over prior year 250% payout: 25% improvement over prior year | |
| Consolidated CMM |
See consolidated CMM scale above. | |
| Bonus payout at 100% |
$170,000 | |
| Bill Blackmore; Executive Vice President— |
||
| Engineered Solutions CMM |
0% payout: Less than or equal to 100% of prior year. 100% payout: 10% improvement over prior year 250% payout: 25% improvement over prior year | |
| Consolidated CMM |
See consolidated CMM scale above. | |
| Bonus payout at 100% |
$162,500 | |
Exhibit 10.30
| Gustav H.P. Boel; Executive Vice President— |
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| European Electrical CMM |
0% payout: Less than or equal to 80% of prior year. 100% payout: 10% improvement over prior year 250% payout: 50% improvement over prior year | |
| Consolidated CMM |
See consolidated CMM scale above. | |
| Bonus payout at 100% |
$137,500 | |