Annual Report — Form 10-K
Filing Table of Contents
Document/Exhibit Description Pages Size
1: 10-K State Street Boston Corp. Form 10-K 19 123K
2: EX-10 Material Contracts 6± 29K
3: EX-10 Material Contracts 2± 11K
4: EX-10 Material Contracts 1 8K
5: EX-10 Material Contracts 2± 11K
6: EX-10 Material Contracts 2± 10K
7: EX-10 Material Contracts 2± 9K
8: EX-10 Material Contracts 13± 60K
9: EX-11 Statement Re Computation of Per Share Earnings 1 10K
10: EX-12 Statement Re Computation of Ratios 2± 11K
11: EX-13 Annual Report to Stockholders 2± 12K
12: EX-13 Annual Report to Stockholders 24± 97K
13: EX-13 Annual Report to Stockholders 2± 13K
14: EX-13 Annual Report to Stockholders 20 106K
15: EX-21 Subsidiaries of the Registrant 2± 11K
16: EX-23 Consents of Experts and Counsel 1 8K
EX-10 — Material Contracts
EXHIBIT 10.15
STATE STREET GLOBAL ADVISORS
INCENTIVE COMPENSATION PLAN - 1994
I. Purpose:
The purpose of the plan is to provide all employees significant incentive
to enhance the financial performance of State Street Global Advisors and State
Street Boston Corporation.
II. Participation:
The plan will consist of two separate and distinct parts. One part will
cover all non-officers of State Street Global Advisors who have a minimum of
six months of tenure with SSGA. The second part will cover all officers of
State Street Global Advisors.
III. Bonus Pools:
The pool will be generated by contributions that are based on 1994 Global
Advisors Financial Achievement after the revenue sharing related to the
agreement between State Street Bank and Trust Company and State Street Global
Advisors. For the year 1994 revenue sharing has been agreed at a rate of TBD%
of Adjusted Revenues. The Bonus Pool will consist of two parts, non-officer
and officer. The split of the Pool into the two parts will be calculated
according to a formula determined by the Chief Executive Officer of State
Street Global Advisors.
IV. Bonus Awards:
All non-officers who are meeting job standards will be eligible to receive
awards if the Global Advisors Financial Achievement is $TBD. The amounts will
be determined based on the non-officer's contribution. All awards will be paid
in February 1995.
All officers who are meeting job standards are eligible for awards based on
their contribution. Officers will receive 70% of their award in February,
1995, the other 30% will be deferred and paid in equal portions in February,
1996 and February, 1997. Deferred awards will earn interest at a rate equal to
the effective yield to maturity, respectively, on the one and two year U.S.
Treasury notes with an issue date closest to February 18, 1995.
In no case will the sum of the awards exceed the Bonus Pool.
All awards are subject to the approval of the Chief Executive Officer of
State Street Global Advisors, the Chief Executive Officer and the Executive
Compensation Committee of State Street Boston Corporation. If a participant
ceases to be employed by State Street Global Advisors, or State Street Boston
Corporation or one of its subsidiaries, (provided, however, that this provision
shall not apply if the participant's employment is terminated by reason of
death or disability) prior to the date of actual payment of any incentive or
deferral, no payment shall be made.
Dates Referenced Herein and Documents Incorporated by Reference
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