Replies to post #22565 on AbitibiBowater, Inc. (fka ABWTQ)

[famous]

bravo!!! i think the shareholders should get $$$
not that crummy management/directors

[emailjanum]

Short-Term Incentive Plans. On or as soon as practicable after the
Effective Date, the Reorganized Debtors will adopt and implement the 2010 Short-Term
Incentive Plan (the “2010 STIP”) and the 2011 Short-Term Incentive Plan (the “2011 STIP” and
together with the 2010 STIP, the “STIPs”) pursuant to which participants shall be eligible for a
target incentive award expressed as a percentage of the individual’s base salary as such salary
shall be reduced prior to the Effective Date (the “Reduced Base Salary”). Approximately 550
management employees will be eligible for participation in the STIPs, including the Company’s
top six senior executives. Senior executives will be eligible for a target incentive award of 50%
base salary under the 2010 STIP and 100% of base salary under the 2011 STIP. The target
incentive payments for remaining participants under the STIPs will be at a lower percentage
level of payment. The STIPs shall be entirely performance-based, and actual earned incentive
awards will vary depending on the Company’s and Reorganized Debtors’ ability to achieve the
established targets. Under the 2010 STIP, the Company will base performance targets on the
Company’s actual EBITDA (net of any STIP payment) against its forecast for the third and
fourth quarters of 2010, and targets will be determined in consultation with the Creditors
Committee. The Board will determine the Company’s performance targets under the 2011 STIP.
The material terms of the STIPs will be set forth in Plan Supplement 6A, to be filed on or before
the Supplement Filing Date, and shall be reasonably acceptable to the Creditors Committee.