EVERGREEN SOLAR, INC
Management Incentive Plan
The purpose of the Management Incentive Plan (‘the plan”) is to recognize and reward eligible employees of
Evergreen Solar, Inc. (the “Company”) for the business performance of the organization. Quarterly performance
goals are established for the plan on a semi-annual basis. Payment to plan participants is made quarterly for those
goals with quarterly targets and annually for goals with annual targets, based on actual results against plan.
Plan participants will include: CEO, VPs, Sr. Director, Director, Manager and all other Professional staff. The
plan allows the inclusion of other non-referenced employees as approved by the CEO or Compensation
Participation in the Management Incentive Plan will be based on position level in the company at the beginning of
each calendar quarter. Employees hired or promoted after the beginning of the calendar quarter will be eligible for
participation in the Management Incentive Plan on a pro-rated based, determined by using the promotion date or
Plan participants must be employed on the last day of the calendar quarter in order to be eligible for participation
in the plan for that quarter.
Plan participants who are on a leave of absence (LOA) are eligible for a pro-rated quarterly payment based on
the amount of time they were actively at work.
Plan participants who have been counseled or disciplined during the applicable quarter will not be eligible for a
bonus payment. Eligibility in following quarters will depend upon a determination by the functional VP and CEO
that the individual is performing at least at a “Meets Expectations” level and has satisfactorily addressed any prior
performance or other disciplinary issue.
Promote strong linkage between employee contributions and overall Company performance that enhances
Reward performance that directly supports the achievement of Compan