As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 2/02/05  Graphics Props Holdings, Inc.     10-Q       12/24/04   12:1.8M                                   Merrill Corp-MD/FA

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    751K 
 2: EX-10.1     Material Contract                                   HTML     61K 
 3: EX-10.2     Material Contract                                   HTML     50K 
 4: EX-10.3     Material Contract                                   HTML    168K 
 5: EX-10.4     Material Contract                                   HTML     92K 
 6: EX-10.5     Material Contract                                   HTML     10K 
 7: EX-10.6     Material Contract                                   HTML     38K 
 8: EX-10.8     Material Contract                                   HTML     33K 
 9: EX-10.9     Material Contract                                   HTML     59K 
10: EX-31.1     Certification per Sarbanes-Oxley Act (Section 302)  HTML     13K 
11: EX-31.2     Certification per Sarbanes-Oxley Act (Section 302)  HTML     14K 
12: EX-32       Certification per Sarbanes-Oxley Act (Section 906)  HTML     13K 

 

Exhibit 10.5

 

DESCRIPTION OF EXECUTIVE INCENTIVE PLAN
AND SUMMARY FORMS OF NOTICE

 

Date:                                          

To:                                                    

From:                                        

Re:                               Executive Incentive Plan for FY     

 

The Board of Directors has approved our Executive Incentive Plan for FY       .  Your annual target bonus under this plan is      % of your annual base salary.  The provisions of the plan are listed below:

 

• Payout requires achievement of both plan revenue and operating profit for the Company.

• We must also have a positive operating profit for payout.

• This year we will divide the plan into both a quarterly and an annual plan (both based on the above criteria).

• 50% of your target incentive will be for the quarterly plan (i.e., 1/8 per quarter) and 50% of your target incentive will be for the annual plan.

 

 

Date:                                          

To:                                                    

From:                                        

Re:                               Your FY      Compensation Plan

 

Attached is your compensation plan for FY     .  The Board of Directors recently approved this in the            meeting.  In addition, you are eligible to participate in the Corporate Executive Incentive plan with a target bonus of      % of your annual base salary.  The criteria for the corporate plan are as follows:

 

• Measurement will be on an annual basis.

• Payout requires achievement of both annual revenue and operating profit plan.

• We must have a positive operating profit for payout.

 

2