Coach 2007 Annual Report Download - page 56
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(b) Service Bonuses: Subject to your continued employment with the Company, as provided below (i) through June 30, 2012, you
shall be paid a supplemental bonus in the amount of $1,101,475; (ii) through June 29, 2013, you shall be paid a supplemental
bonus in the amount of $1,101,475; (iii) through June 28, 2014, you shall be paid a supplemental bonus in the amount of
$3,202,950. Such amounts shall be paid within 45 days following each of the specified dates. Notwithstanding the above, if
your employment with the Company is terminated by the Company without Cause or you resign your employment for Good
Reason (including, without limitation, separation from employment due to a Change in Control) prior to June 28, 2014, the
Company shall pay you the full amount of each Service Bonus set forth in this paragraph (to the extent not already paid) at the
time such bonus would have been paid.
(c) Additional Performance Bonuses:
(i) With respect to the Contract Year ending on June 30, 2012, you shall be eligible to receive an additional bonus under the
Bonus Plan or otherwise in the maximum amount of $2,188,000 on the basis of the Company’s attainment of objective
financial or other operating criteria established by the Committee in its sole discretion and in accordance with Code
Section 162(m) and the regulations promulgated thereunder, such additional bonus to be paid at the time bonuses under
the Bonus Plan are paid generally but, in any event, no later than 90 days after the end of the applicable Contract Year.
(ii) With respect to the Contract Year ending on June 29, 2013, you shall be eligible to receive an additional bonus under the
Bonus Plan or otherwise in the maximum amount of $2,188,000 on the basis of the Company’s attainment of objective
financial or other operating criteria established by the Committee in its sole discretion and in accordance with Code
Section 162(m) and the regulations promulgated thereunder, such additional bonus to be paid at the time bonuses under
the Bonus Plan are paid generally but, in any event, no later than 90 days after the end of the applicable Contract Year.
(iii) With respect to the Contract Year ending on June 28, 2014, you shall be eligible to receive an additional bonus under the
Bonus Plan or otherwise in the maximum amount of $4,376,000 on the basis of the Company’s attainment of objective
financial or other operating criteria established by the Committee in its sole discretion and in accordance with Code
Section 162(m) and the regulations promulgated thereunder, such additional bonus to be paid at the time bonuses under
the Bonus Plan are paid generally but, in any event, no later than 90 days after the end of the applicable Contract Year.