Plan: FY09 Executive Incentive Plan
Division: International Technidyne Corporation (ITC)
ITC’s Executive Incentive Plan, hereinafter referred to as EIP is intended to reward executive employees
who significantly impact and influence ITC’s productivity in proportion to their accomplishment of specified
The purpose of the plan is to ensure maximum return to ITC by encouraging greater initiative,
resourcefulness, teamwork and efficiency on the part of senior management whose performance and
responsibilities directly affect company profits.
Awarding of the bonus will be based on company financial performance and by accomplishing a set of
annual objectives, determined by the Chief Executive Officer (“CEO”) and the Board of Directors, typically
at the beginning of the year. Bonus determinations and payouts will take place after the financial statements
have been prepared for the fiscal year.
II. Determination Of The Fund
The availability of, and participants in, the fund will be set by the CEO and approved by the Board of
Directors as part of the annual budgeting process.
III. Effective Date
The effective date of this program is January 4, 2009, the beginning of the plan year, and will continue in
effect until January 2, 2010, or until terminated or amended by the Board of Directors. This plan supersedes
all prior EIP plans.
Participation in the plan is limited to those in comparable levels of responsibility who have a direct and
significant influence on ITC’s growth and profitability. Employees must be regular and not eligible for any
other ITC commission, bonus or incentive plan in order to be eligible to participate in the EIP.
Participating employees will be determined at the beginning of the fiscal year, or at such time during the
Fiscal Year that an employee achieves an eligible position. Employees will be notified of their eligibility and