Supercuts 2005 Annual Report Download - page 110

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REGIS CORPORATION
SHORT TERM INCENTIVE COMPENSATION PLAN
ARTICLE I
ESTABLISHMENT AND PURPOSE
1.1 Establishment . The Regis Corporation Short Term Incentive Compensation Plan (“ Plan ”), as originally established on
June 30, 1998, is hereby amended and restated by Regis Corporation (“ Company ”), effective as of the Effective Date. The Plan shall remain
in effect for a period of five years and shall terminate on the fifth anniversary of the Effective Date unless earlier determined by the Committee.
1.2 Purposes . The purposes of the Plan are to enhance the value of the Company by providing an annual incentive for the
achievement of one or more of the performance goals set out in Section 5.3(b) (“ Performance Goals ”) and selected by the Committee for the
applicable fiscal year; to link a significant portion of a Participant’s annual compensation to the achievement of one or more of the
Performance Goals; and to attract, motivate and retain employees on a competitive basis by making awards based on annual achievement of
Performance Goals.
ARTICLE II
DEFINITIONS
For purposes of the Plan, the following terms are defined as set forth below:
2.1 “ Affiliate ” means any individual, corporation, partnership, association, limited liability company, joint-stock company,
trust, unincorporated association or other entity (other than the Company) that directly or indirectly through one or more intermediaries,
controls, is controlled by, or is under common control with, the Company.
2.2 “ Appendix ” means any schedule, chart or other description of the specific awards prepared each year (or more frequently)
by the Committee with respect to the applicable fiscal year. Each Appendix shall be a part of this Plan as if originally set forth herein.
2.3 “ Award ” means an annual incentive award granted to a Participant under the Plan. Awards shall be subject to the terms
and conditions of the Plan, and such other terms and conditions as the Committee shall deem desirable (as set out in an Appendix).
2.4 “ Beneficiary ” means any person or other entity, which has been designated by a Participant in his or her most recent
written beneficiary designation filed with the Committee to receive the compensation, specified under the Plan to the extent permitted. If there
is no designated
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