FM SERVICES COMPANY
PERFORMANCE INCENTIVE AWARDS PROGRAM
1. Purpose. The purpose of the Performance Incentive Awards Program (the "Plan") of FM Services Company
(the "Company") is to provide greater incentives for certain key management, professional and technical
employees whose performance in fulfilling the responsibilities of their positions can significantly affect the
performance of the Company. The Plan provides an opportunity to earn additional compensation in the form of
cash incentive payments based on the employee's individual performance and on the results achieved by the
Company and by the staff unit for which the employee performs services.
2. Administration. The Plan shall be administered by the Chairman of the Board of the Company who shall have
full authority to interpret the Plan and from time to time adopt rules and regulations for carrying out the Plan,
subject to such directions as the Company's Board of Directors may give, either as guidelines or in particular
3. Eligibility for Participation. Each year the Chairman of the Board shall select the key managerial, professional
or technical employees of the Company or of any of its subsidiaries who shall be eligible for participation in the
Plan during that year. The Chairman of the Board may in his discretion make such selection, in whole or in part,
on the basis of minimum salary levels, or position-point levels.
The selection of an employee for eligibility in a particular year shall not constitute entitlement either to an incentive
payment under the Plan for that year or to selection for eligibility in any subsequent year. Selection of employees
for eligibility in a particular year will ordinarily be made in January of that year, but selection of any employee or
employees may be made at any subsequent time or times in such year.
4. Determination of Target Incentives. At the time each employee is selected for eligibility in the Plan for a
particular year, the Chairman of the Board shall determin