EXCELLENCE IN PERFORMANCE
A MANAGEMENT INCENTIVE PROGRAM
Agrilink Foods Excellence in Performance, a management incentive program, (the `Plan') is a discretionary annual
cash bonus program. This Plan is an important component of compensation. When combined with base salary, it
creates a total compensation opportunity that, when business goals are achieved, is competitive within the food
industry, and, when those goals are exceeded, provides an above-market compensation opportunity.
The objective of the Plan is to align managers' financial objectives with those of Agrilink owners, Pro-Fac
Cooperative. It is designed to motivate managers to perform in a way that will optimize Agrilink earnings, and to
effectively manage and improve the operating cash flow of Agrilink. The Plan recognizes the impact managers can
have on the achievement of Agrilink business goals by rewarding those achievements.
Participation is limited to a group of managers selected by the executive committee, and who do not participate in
any company-sponsored sales and marketing incentive program, or other Agrilink incentive program.
Targeted Incentive Awards
Each participating manager's targeted bonus award, or bonus opportunity, is based on competitive bonuses paid
at other food companies which are similar in size to Agrilink Foods and is expressed as a percentage of base
salary paid during the fiscal year. The sum of these individual targeted bonuses represents the company's targeted
The performance targets for Agrilink are established annually by the Agrilink Foods Executive Committee and the
Agrilink Board of Directors. Annual performance targets are generally based on a level of earnings and operating
cash flow that represent real growth, that insure a fair payment to growers for the products they deliver, and that
provide a reasonable return-on-investment to Agrilink owners. The performance targets are subject to chang