THREE YEAR INCENTIVE PLAN
FOR THE THREE CONSECUTIVE FISCAL YEAR PERIOD
ENDING MAY 31, 2009
This Plan and subsequent Plans are created for these reasons:
The three fiscal years beginning June 1, 2006 and ending May 31, 2009.
Participants are recommended by management and approved by the Compensation Committee of the Board of Directors.
The initial participants are listed in Section 8 of this Plan document.
Awards will be paid only to participants who meet the following eligibility requirements:
A. To create an interest (focus) for Plan participants that mirrors the interest of the Company’s shareholders.
B. Focus Plan participants on medium-term growth and profitability.
C. Provide an opportunity for participants to accumulate estate building capital.
D. Provide an incentive necessary to retain and recruit top-quality executives.
A. The Compensation Committee of the Board of Directors approves and interprets this Plan.
B. The President and Chief Executive Officer, the Executive Vice President, Finance and Chief Financial Officer and the
Vice President of Human Resources, together, have the authority to add or delete acquired or divested operations to
incentive plans and make minor adjustments to reflect the spirit and objectives of the Plan. Such changes will be
reported to the Compensation Committee of the Board of Directors.
5. MINIMUM AWARD HURDLE:
A. Achievement of an award is dependent on attainment of a three (3) year consolidated average return-on-equity for the
performance period (ROE) equal to or greater than fourteen percent (14%).
B. ROE is the average of the net income of the Company as a percentage of the average shareholders’ equity of the
Company for each fiscal year in the performance period, based on the net income and shareholders’ equity reported
to shareholders in t