Based on the percentage achievement of MIP performance objectives for fiscal 2008, and in the exercise of the Committee's discretion to adjust awards, the Committee determined the amount of MIP bonus awards to be paid to the Company's named executive officers for the year ended December 31, 2008, as follows:
Named Executive Officer Target Value of Award
Patrick J. Moore, 100% $553,500 (50% of salary) Chairman and Chief Executive Officer
Steven J. Klinger, 100% $397,500 (50% of salary) President and Chief Operating Officer
Charles A. Hinrichs, 60% $130,000 (31.1% of salary) Senior Vice President and Chief Financial Officer
Mack C. Jackson, 60% $131,000 (31.0% of salary) Senior Vice President and General Manager - Containerboard Mill and Forest Resources Division
Craig A. Hunt 60% $204,250 (50% of salary) Senior Vice President, Secretary and General Counsel