mpr8k201101ip.htm

-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SqSh5O/jCrm79nPva4LUrWnG7DrsjbfBeUAUkRpRvOBIzttTKR8f57m3deNTwQSP tnjCF840yJyNHF+1ZDbMRg== 0000065201-11-000011.txt : 20110201 0000065201-11-000011.hdr.sgml : 20110201 20110201141146 ACCESSION NUMBER: 0000065201-11-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20110201 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110201 DATE AS OF CHANGE: 20110201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MET PRO CORP CENTRAL INDEX KEY: 0000065201 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL & COMMERCIAL FANS & BLOWERS & AIR PURIFYING EQUIP [3564] IRS NUMBER: 231683282 STATE OF INCORPORATION: PA FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07763 FILM NUMBER: 11562562 BUSINESS ADDRESS: STREET 1: 160 CASSELL ROAD CITY: HARLEYSVILLE STATE: PA ZIP: 19438 BUSINESS PHONE: 2157236751 MAIL ADDRESS: STREET 1: 160 CASSELL ROAD STREET 2: BOX 144 CITY: HARLEYSVILLE STATE: PA ZIP: 19438 FORMER COMPANY: FORMER CONFORMED NAME: MET PRO WATER TREATMENT CORP DATE OF NAME CHANGE: 19740924 FORMER COMPANY: FORMER CONFORMED NAME: MET PRO INC DATE OF NAME CHANGE: 19661026 8-K 1 mpr8k201101ip.htm FORM 8-K mpr8k201101ip.htm

UNITES STATES

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): December 13, 2010

MET-PRO CORPORATION
(Exact name of registrant as specified in its charter)


Pennsylvania	001-07763	23-1683282
(State or other jurisdiction of	(Commission File Number)	(I.R.S. Employer
incorporation or organization)		Identification No.)


160 Cassell Road, P.O. Box 144
Harleysville, Pennsylvania		19438
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (215) 723-6751

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02(e). Compensatory Arrangements of Certain Officers.

On December 13, 2010, the Compensation and Management Development Committee of the Board of Directors of Met-Pro Corporation (the “Company”) approved the Met-Pro Corporation fiscal year end 2012 Management Incentive Plan (the “Incentive Plan”). The Incentive Plan is designed to recognize and reward the achievement of financial, business and management goals that are essential to the success of the Company. The Incentive Plans for management are attached to this current report on Form 8-K as exhibits.

Item 9.01. Financial Statements and Exhibits.

	Exhibit		Description
	(10)(cb)		FYE 2012 Incentive Plan for Chief Executive Officer and Chief Financial Officer

	(10)(cc)		FYE 2012 Incentive Plan for Executive Vice President

	(10)(cd)		FYE 2012 Incentive Plan for Vice Presidents/General Managers

The information in this Form 8-K and the Exhibits attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 except as shall be expressly set forth by specific reference in such filing

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: February 1, 2011

	MET-PRO CORPORATION



	By: /s/ Raymond J. De Hont
	Raymond J. De Hont,
	President and Chief Executive Officer

EX-10.CB 2 mpr8k201101ex10cb.htm FYE 2012 INCENTIVE PLAN FOR CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER mpr8k201101ex10cb.htm

Exhibit (10)(cb)

TO:	Chief Executive Officer and Chief Financial Officer

FROM:	Raymond J. De Hont

SUBJECT:	FYE 2012 Management Incentive Plan

Incentive Level:

Participants in the Management Incentive Plan will be eligible for competitive target bonuses as a percentage of salary as shown below:

Chief Executive Officer	50%
Chief Financial Officer	40%

Bonuses will be considered and calculated based upon the attainment of the Corporate Net Income and Net Sales targets for FYE 2012.

Corporate Circuit Breaker %:

The participant will not qualify for the FYE 2012 Management Incentive Plan if the actual Corporate Net Income is less than 75% of the Corporate Net Income Target.

Corporate Financial Factors:

The Corporate financial factors are comprised of Corporate Net Income (70%) and Net Sales (30%).

FYE 2012 Management Incentive Plan

1)	Corporate Net Income Multiplier

Under the FYE 2012 Management Incentive Plan, the participant becomes eligible for 70% of the potential Corporate bonus amount (at 100% performance) upon the attainment of the Corporate Net Income target of $ .

The percent of target bonus earned based upon Corporate Net Income is listed below:

			Corporate Net
Objective Achievement			Income Multiplier
less than 75%			0.00
75%			.35
80%			.42
85%			.49
90%			.56
95%			.63
100%			.70
105%			.7875
110%			.875
115%			1.05
120%			1.225
125%			1.40

FYE 2012 Management Incentive Plan

2)	Corporate Net Sales Multiplier

Under the FYE 2012 Management Incentive Plan, the participant becomes eligible for 30% of the potential Corporate bonus amount (at 100% performance) upon the attainment of the Corporate Net Sales target of $ .

The percent of target bonus earned based upon Corporate Net Sales is listed below:

			Corporate Net Sales
Objective Achievement			Multiplier
less than 85%			0.00
85%			.15
90%			.20
95%			.25
100%			.30
105%			.3375
110%			.375
115%			.45
120%			.525
125%			.60

Bonus Amount:

Salary x Incentive Level x (Corporate Net Income Multiplier + Corporate Net Sales Multiplier)

The participant will not qualify for the FYE 2012 Management Incentive Plan if the actual Corporate Net Income is less than 75% of the Corporate Net Income Target.

Note:

This Management Incentive Plan (“Plan”) is not a contract that entitles you to an award if the Plan objectives for the fiscal year are met; rather, this Plan is a discretionary short term cash bonus plan administered by the Compensation and Management Development Committee of the Board of Directors (the “Committee”). The Committee retains the sole and absolute discretion to deny and not pay bonuses under the Plan and to reduce bonuses payable under the Plan, notwithstanding the attainment of objectives under the Plan; to increase or pay bonuses under the Plan, even if the objectives under the Plan have not been met; and to further condition, modify or amend the objectives and conditions of eligibility under the Plan. The C ommittee also retains the sole discretion with respect to awards to be paid, if any, in connection with separations from employment that occur during a Plan year.

FYE 2012 Management Incentive Plan

Examples of Individual Award with Salary of $100,000 and Incentive Level of 50%:

Example #1:

Goals achieved:

1) Corporate Net Income = 100%

2) Corporate Net Sales = 100%

Bonus amount = $100,000 x 50% x (.70 + .30)

= $50,000

Example #2:

Goals achieved:

1) Corporate Net Income = 80%

2) Corporate Net Sales = 80%

Bonus amount = $100,000 x 50% x (.42 + 0.00)

= $21,000

Example #3:

Goals achieved:

1) Corporate Net Income = 70%

2) Corporate Net Sales = 100%

Bonus amount = $100,000 x 50% x (0.00 + 0.00)

= $0 Net Income Threshold of 75% not met

Example #4:

Goals achieved:

1) Corporate Net Income = 125%

2) Corporate Net Sales = 125%

Bonus amount = $100,000 x 50% x (1.40 + .60)

= $100,000

EX-10.CC 3 mpr8k201101ex10cc.htm FYE 2012 INCENTIVE PLAN FOR EXECUTIVE VICE PRESIDENT mpr8k201101ex10cc.htm

Exhibit (10)(cc)

TO:	Executive Vice-President
	Product Recovery/Pollution Control Technologies

FROM:	Raymond J. De Hont

SUBJECT:	FYE 2012 Management Incentive Plan

Incentive Level:

Participants in the Management Incentive Plan will be eligible for competitive target bonuses as a percentage of salary as shown below:

Executive Vice President

35%

Bonuses will be considered and calculated based upon the attainment of the Business Unit Profit Before Tax (PBT), Business Unit Net Sales (NS), and Business Unit Return on Assets (ROA) targets for FYE 2012, with an add-on component tied to Corporate Targets. Business Unit Targets will make up 80% of the overall bonus pool with the remaining 20% driven by the attainment of Corporate Targets (Net Income and Net Sales).

1) Business Unit Profit Before Tax (PBT):

Under the FYE 2012 Management Incentive Plan, the participant becomes eligible for 70% of the potential bonus amount (at 100% performance) upon the attainment of the PBT target of $ .

The Multipliers based on Business Unit PBT attained are listed below:

Objective Achievement			Business Unit PBT Multiplier
less than 75%			.00
75%			.35
80%			.42
85%			.49
90%			.56
95%			.63
100%			.70
105%			.7875
110%			.875
115%			1.05
120%			1.225
125%			1.40

FYE 2012 Management Incentive Plan

When determining PBT the following items must be considered:

1)		Bonuses for eligible employees must be fully accrued.
2)		Beginning and ending reserves will be considered to determine PBT. All items must be fully reserved at the end of the fiscal year (bad debts, obsolete inventory, advertising, marketing, warranty, etc.).

2)	Business Unit Net Sales:

Under the FYE 2012 Management Incentive Plan, the participant becomes eligible for 15% of the potential bonus amount (at 100% performance) upon the attainment of the Business Unit Net Sales target of $ . The participant will not qualify for this component of the FYE 2012 Management Incentive Plan if the payment threshold for the Business Unit PBT target is not attained.

The Multipliers based on Business Unit Net Sales attained are listed below:

Objective Achievement			Business Unit Net Sales Multiplier
less than 85%			0.00
85%			.075
90%			.10
95%			.125
100%			.15
105%			.1687
110%			.1875
115%			.225
120%			.2625
125%			.30

3) Business Unit Return on Assets (ROA):

Under the FYE 2012 Management Incentive Plan, the participant becomes eligible for 15% of the potential bonus amount (at 100% performance) upon the attainment of the Business Unit ROA target of %. The participant will not qualify for this component of the FYE 2012 Management Incentive Plan if the payment threshold for the Business Unit PBT target is not attained.

FYE 2012 Management Incentive Plan

The Multipliers based upon actual Business Unit ROA are listed below:

Objective Achievement			Business Unit ROA Multiplier
less than 75%			0.00
75%			.075
80%			.09
85%			.105
90%			.12
95%			.135
100%			.15
105%			.169
110%			.1875
115%			.225
120%			.2625
125%			.30

4) Corporate Targets

The Corporate Targets make up 20% of the overall bonus pool and are comprised of Corporate Net Income (70%) and Corporate Net Sales (30%).

The participant will not qualify for this component of the FYE 2012 Management Incentive Plan if the actual Corporate Net Income is less than 75% of the Corporate Net Income Target.

a)	Corporate Net Income Multiplier

FYE 2012 Management Incentive Plan

The Multipliers based upon actual Corporate Net Income are listed below:

			Corporate Net
Objective Achievement			Income Multiplier
less than 75%			0.00
75%			.35
80%			.42
85%			.49
90%			.56
95%			.63
100%			.70
105%			.7875
110%			.8750
115%			1.05
120%			1.225
125%			1.40

b)	Corporate Net Sales Multiplier

The Multipliers based upon actual Corporate Net Sales are listed below:

			Corporate Net Sales
Objective Achievement			Multiplier
less than 85%			0.00
85%			.15
90%			.20
95%			.25
100%			.30
105%			.3375
110%			.375
115%			.45
120%			.525
125%			.60

FYE 2012 Management Incentive Plan

Bonus Amount:

(Salary x Incentive Level x 80%) x (Business Unit PBT Multiplier)

(Salary x Incentive Level x 80%) x (Business Unit Net Sales Multiplier)

(Salary x Incentive Level x 80%) x (Business Unit ROA Multiplier)

(Salary x Incentive Level x 20%) x (Corporate Net Income Multiplier)

(Salary x Incentive Level x 20%) x (Corporate Net Sales Multiplier)

Note:

FYE 2012 Management Incentive Plan

Examples of Individual Award with Salary of $100,000 and Incentive Level of 35%:

Example #1:

Goals achieved:

1)	Business Unit PBT	=	100%
2)	Business Unit Net Sales	=	100%
3)	Business Unit ROA	=	100%
4)	Corporate Net Income	=	100%
5)	Corporate Net Sales	=	100%

Business Unit Bonus amount	=	($100,000 x 35% x .8)	=	$28,000

Business Unit PBT	=	($28,000 x .7)	=	$19,600
+
Business Unit Net Sales	=	($28,000 x .15)	=	$4,200
+
Business Unit ROA	=	($28,000 x .15)	=	$4,200
Business Unit Bonus	=			$28,000

Corporate Net Income Bonus amount	=	($100,000 x 35% x .2) x .7	=	$4,900
Corporate Net Sales Bonus amount	=	($100,000 x 35% x .2) x .3	=	$2,100
Corporate Bonus	=			$7,000

Business Unit Bonus + Corporate Bonus	=	$35,000

Example #2: No Business Unit Bonus as 75% threshold on Business Unit PBT was not reached

Goals achieved:

1)	Business Unit PBT	=	70%
2)	Business Unit Net Sales	=	100%
3)	Business Unit ROA	=	100%
4)	Corporate Net Income	=	80%
5)	Corporate Net Sales	=	100%

Business Unit Bonus amount	=	($100,000 x 35% x .0)	=	$0

Business Unit PBT	=	($0 x .00)	=	$0
+
Business Unit Net Sales	=	($0 x .15)	=	$0
+
Business Unit ROA	=	($0 x .15)	=	$0
Business Unit Bonus	=			$0

Corporate Net Income Bonus amount	=	($100,000 x 35% x .2) x .42	=	$2,940
Corporate Net Sales Bonus amount	=	($100,000 x 35% x .2) x .3	=	$2,100
Corporate Bonus	=			$5,040

Business Unit Bonus + Corporate Bonus	=	$5,040

FYE 2012 Management Incentive Plan

Example #3:

Goals achieved:

1)	Business Unit PBT	=	80%
2)	Business Unit Net Sales	=	125%
3)	Business Unit ROA	=	115%
4)	Corporate Net Income	=	100%
5)	Corporate Net Sales	=	100%

Business Unit Bonus amount	=	($100,000 x 35% x .8)	=	$28,000

Business Unit PBT	=	($28,000 x .42)	=	$11,760
+
Business Unit Net Sales	=	($28,000 x .3)	=	$8,400
+
Business Unit ROA	=	($28,000 x .225)	=	$6,300
Business Unit Bonus	=			$26,460

Corporate Net Income Bonus amount	=	($100,000 x 35% x .2) x .7	=	$4,900
Corporate Net Sales Bonus amount	=	($100,000 x 35% x .2) x .3	=	$2,100
Corporate Bonus	=			$7,000

Business Unit Bonus + Corporate Bonus	=	$31,500

Example #4:

Goals achieved:

1)	Business Unit PBT	=	125%
2)	Business Unit Net Sales	=	125%
3)	Business Unit ROA	=	150%
4)	Corporate Net Income	=	125%
5)	Corporate Net Sales	=	125%

Business Unit Bonus amount	=	($100,000 x 35% x .8)	=	$28,000

Business Unit PBT	=	($28,000 x 1.40)	=	$39,200
+
Business Unit Net Sales	=	($28,000 x .30)	=	$8,400
+
Business Unit ROA	=	($28,000 x .30)	=	$8,400
Business Unit Bonus	=			$56,000

Corporate Net Income Bonus amount	=	($100,000 x 35% x .2) x 1.4	=	$9,800
Corporate Net Sales Bonus amount	=	($100,000 x 35% x .2) x .6	=	$4,200
Corporate Bonus	=			$14,000

Business Unit Bonus + Corporate Bonus	=	$70,000

EX-10.CD 4 mp8k201101ex10cd.htm FYE 2012 INCENTIVE PLAN FOR VICE PRESIDENTS/GENERAL MANAGERS mp8k201101ex10cd.htm

Exhibit (10)(cd)

TO:	Vice President/General Manager

FROM:	Raymond J. De Hont

SUBJECT:	FYE 2012 Management Incentive Plan

Incentive Level:

Participants in the Management Incentive Plan will be eligible for competitive target bonuses as a percentage of salary as shown below:

Vice President/General Manager

25%

1) Business Unit Profit Before Tax (PBT):

Under the FYE 2012 Management Incentive Plan, the participant becomes eligible for 70% of the potential bonus amount (at 100% performance) upon the attainment of the PBT target of $ .

The Multipliers based on Business Unit PBT attained are listed below:

Objective Achievement			Business Unit PBT Multiplier
less than 80%			.00
80%			.35
85%			.4375
90%			.525
95%			.6125
100%			.70
105%			.7875
110%			.875
115%			.945
120%			1.225
125%			1.4

FYE 2012 Management Incentive Plan

When determining PBT the following items must be considered:

1)		Bonuses for eligible employees must be fully accrued.
2)		Beginning and ending reserves will be considered to determine PBT. All items must be fully reserved at the end of the fiscal year (bad debts, obsolete inventory, advertising, marketing, warranty, etc.).

2)	Business Unit Net Sales:

The Multipliers based on Business Unit Net Sales attained are listed below:

Objective Achievement			Business Unit Net Sales Multiplier
less than 85%			0.00
85%			.075
90%			.10
95%			.125
100%			.15
105%			.1688
110%			.1875
115%			.225
120%			.2625
125%			.30

3) Business Unit Return on Assets (ROA):

Under the FYE 2012 Management Incentive Plan, the participant becomes eligible for 15% of the potential bonus amount (at 100% performance) upon the attainment of the Business Unit ROA target of %. The participant will not qualify for this component of the FYE 2012 Management Incentive Plan if the payment threshold for the Business Unit PBT target is not attained.

FYE 2012 Management Incentive Plan

The Multipliers based upon actual Business Unit ROA is listed below:

Objective Achievement			Business Unit ROA Multiplier
less than 80%			0.00
80%			.075
85%			.0875
90%			.1125
95%			.1313
100%			.15
105%			.1688
110%			.1875
115%			.225
120%			.265
125%			.30

4) Corporate Targets

The Corporate Targets make up 20% of the overall bonus pool and are comprised of Corporate Net Income (70%) and Corporate Net Sales (30%).

The participant will not qualify for this component of the FYE 2012 Management Incentive Plan if the actual Corporate Net Income is less than 75% of the Corporate Net Income Target.

a)	Corporate Net Income Multiplier

FYE 2012 Management Incentive Plan

The Multipliers based upon actual Corporate Net Income are listed below:

			Corporate Net
Objective Achievement			Income Multiplier
less than 75%			0.00
75%			.35
80%			.42
85%			.49
90%			.56
95%			.63
100%			.70
105%			.7875
110%			.8750
115%			1.05
120%			1.225
125%			1.40

b)	Corporate Net Sales Multiplier

The Multipliers based upon actual Corporate Net Sales are listed below:

			Corporate Net Sales
Objective Achievement			Multiplier
less than 85%			0.00
85%			.15
90%			.20
95%			.25
100%			.30
105%			.3375
110%			.375
115%			.45
120%			.525
125%			.60

FYE 2012 Management Incentive Plan

Bonus Amount:

(Salary x Incentive Level x 80%) x (Business Unit PBT Multiplier)

(Salary x Incentive Level x 80%) x (Business Unit Net Sales Multiplier)

(Salary x Incentive Level x 80%) x (Business Unit ROA Multiplier)

(Salary x Incentive Level x 20%) x (Corporate Net Income Multiplier)

(Salary x Incentive Level x 20%) x (Corporate Net Sales Multiplier)

Note:

This Management Incentive Plan (“Plan”) is not a contract that entitles you to an award if the Plan objectives for the fiscal year are met; rather, this Plan is a discretionary short term cash bonus plan administered by the Compensation and Management Development Committee of the Board of Directors (the “Committee”). The Committee retains the sole and absolute discretion to deny and not pay bonuses under the Plan and to reduce bonuses payable under the Plan, notwithstanding the attainment of objectives under the Plan; to increase or pay bonuses under the Plan, even if the objectives under the Plan have not been met; and to further condition, modify or amend the objectives and conditions of eligibility under the Plan. The Committee also retains the sole discretion with respect to awards to be paid, if any, in connection with separations from employment that occur during a Plan year.

FYE 2012 Management Incentive Plan

Examples of Individual Award with Salary of $100,000 and Incentive Level of 25%:

Example #1:

Goals achieved:

1)	Business Unit PBT	=	100%
2)	Business Unit Net Sales	=	100%
3)	Business Unit ROA	=	100%
4)	Corporate Net Income	=	100%
5)	Corporate Net Sales	=	100%

Business Unit Bonus amount	=	($100,000 x 25% x .8)	=	$20,000

Business Unit PBT	=	($20,000 x .7)	=	$14,000
+
Business Unit Net Sales	=	($20,000 x .15)	=	$3,000
+
Business Unit ROA	=	($20,000 x .15)	=	$3,000
Business Unit Bonus	=			$20,000

Corporate Net Income Bonus amount	=	($100,000 x 25% x .2) x .7	=	$3,500
Corporate Net Sales Bonus amount	=	($100,000 x 25% x .2) x .3	=	$1,500
Corporate Bonus	=			$5,000

Business Unit Bonus + Corporate Bonus	=	$25,000

Example #2: No Business Unit Bonus as 80% threshold on Business Unit PBT was not reached

Goals achieved:

1)	Business Unit PBT	=	75%
2)	Business Unit Net Sales	=	100%
3)	Business Unit ROA	=	100%
4)	Corporate Net Income	=	80%
5)	Corporate Net Sales	=	100%

Business Unit Bonus amount	=	($100,000 x 25% x .0)	=	$0

Business Unit PBT	=	($0 x .00)	=	$0
+
Business Unit Net Sales	=	($0 x .15)	=	$0
+
Business Unit ROA	=	($0 x .15)	=	$0
Business Unit Bonus	=			$0

Corporate Net Income Bonus amount	=	($100,000 x 25% x .2) x .42	=	$2,100
Corporate Net Sales Bonus amount	=	($100,000 x 25% x .2) x .3	=	$1,500
Corporate Bonus	=			$3,600

Business Unit Bonus + Corporate Bonus	=	$3,600

FYE 2012 Management Incentive Plan

Example #3:

Goals achieved:

1)	Business Unit PBT	=	80%
2)	Business Unit Net Sales	=	125%
3)	Business Unit ROA	=	115%
4)	Corporate Net Income	=	100%
5)	Corporate Net Sales	=	100%

Business Unit Bonus amount	=	($100,000 x 25% x .8)	=	$20,000

Business Unit PBT	=	($20,000 x .35)	=	$7,000
+
Business Unit Net Sales	=	($20,000 x .3)	=	$6,000
+
Business Unit ROA	=	($20,000 x .225)	=	$4,500
Business Unit Bonus	=			$17,500

Corporate Net Income Bonus amount	=	($100,000 x 25% x .2) x .7	=	$3,500
Corporate Net Sales Bonus amount	=	($100,000 x 25% x .2) x .3	=	$1,500
Corporate Bonus	=			$5,000

Business Unit Bonus + Corporate Bonus	=	$22,500

Example #4:

Goals achieved:

1)	Business Unit PBT	=	125%
2)	Business Unit Net Sales	=	125%
3)	Business Unit ROA	=	125%
4)	Corporate Net Income	=	125%
5)	Corporate Net Sales	=	125%

Business Unit Bonus amount	=	($100,000 x 25% x .8)	=	$20,000

Business Unit PBT	=	($20,000x 1.40)	=	$28,000
+
Business Unit Net Sales	=	($20,000 x .30)	=	$6,000
+
Business Unit ROA	=	($20,000 x .30)	=	$6,000
Business Unit Bonus	=			$40,000

Corporate Net Income Bonus amount	=	($100,000 x 25% x .2) x 1.4	=	$7,000
Corporate Net Sales Bonus amount	=	($100,000 x 25% x .2) x .6	=	$3,000
Corporate Bonus	=			$10,000

Business Unit Bonus + Corporate Bonus	=	$50,000

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