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Pyeongtaek Bonus Proposal for 2014 6 February 2014

Pyeongtaek Bonus Proposal for 2014 6 February 2014. Summary. Calculation for Labor % of Added Value. 2014 Bonus payout plan. Metaldyne Guidelines – Required for All Plant Level Incentive Programs. Each program must include the following features:

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Pyeongtaek Bonus Proposal for 2014 6 February 2014

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  1. PyeongtaekBonus Proposal for 20146 February 2014

  2. Summary

  3. Calculation for Labor % of Added Value

  4. 2014 Bonus payout plan

  5. Metaldyne Guidelines – Required for All Plant Level Incentive Programs Each program must include the following features: Self-funding – the plan must pay for itself through the cash savings generated Minimum Plant Level EBITDA 95% and cash flow positive- Before any payout is made, the plant must achieve 95% of budgeted EBITDA and be cash flow positive Maximum cap of 10% hourly base wage Maximum payout sharing no greater than 1/3rd of savings – the philosophy is to allow 1/3 of the savings for investment into the company, 1/3 for treasury costs (such as interest and taxes) and 1/3 to the employees on the plan Local metrics selected should incentivize behavior, directly affected by employees Quarterly payout All hourly and non-management employees eligible Actively employed on date of payment Plan design, metrics and target rates require approval by CEO and CFO 4

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