Best Buy 2003 Annual Report Download - page 126
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Exhibit 10.6
CERTIFICATE OF RESOLUTIONS
I, Joseph M. Joyce, the Assistant Secretary of Best Buy Co., Inc., a Minnesota corporation, do hereby certify that the
following resolutions were duly adopted by the Compensation and Human Resources Committee of the Board of Directors of this
corporation at a meeting held on April 14, 2003, and that said resolutions are still in full force and effect:
WHEREAS, the Compensation and Human Resources Committee of the Board of Directors of the corporation (the
“Committee”) is responsible for the review and approval of incentive plans applicable to the corporation’s employees, including senior
executives; and
WHEREAS, since April 1999, senior executives of the corporation have received incentive compensation under the
corporation’s EVA Incentive Program; and
WHEREAS, management recommends that starting in fiscal year 2004, senior executives earn incentive compensation
under a new short−term incentive plan; and
WHEREAS, the Committee approves management’s recommendation;
RESOLVED, that effective March 2, 2003, the corporation adopts the Best Buy Short−Term Incentive Plan (the “Plan”)
containing the specifications set forth in Exhibit A.
FURTHER RESOLVED, that commencing with fiscal year 2004, senior officers of the corporation, excluding the Chief
Executive Officer and Chief Operating Officer, will cease to participate in the EVA Incentive Program and will instead be entitled to
participate in the Plan.
Dated: May 28, 2003.
/s/ Joseph M. Joyce
Joseph M. Joyce
Assistant Secretary