EGM 2007 - Amiad

Appendix 1AMIAD FILTRATION SYSTEMS LTD.Senior Management Bonus Scheme1 Bonus targets1.1 A bonus scheme will be in operation in relation to financial year ending 31 December2007 which will pay a bonus to the Senior Management team by reference to theirmonthly salary. The level of bonus payable will depend on the achievement oftargets as set out below.1.1.1 Sales Performance of the GroupLevel of Sales (USD million) 50-51 51-52 52-53 53-54 54+Senior Management bonus excluding AviHeifetz (x month’s salary)0.3 0.6 0.9 1.2 1.5Avi Heifetz (x month’s salary) 0.4 0.8 1.2 1.6 2.01.1.2 EBIT Performance of the GroupLevel of EBIT (USD million) 5.5-5.65 5.65-5.8 5.8-5.95 5.95-6.1 6.1+Senior Management bonus excluding AviHeifetz (x month’s salary)0.3 0.6 0.9 1.2 1.5Avi Heifetz (x month’s salary) 0.4 0.8 1.2 1.6 2.01.2 If the minimum target level is reached a bonus will be payable. The amount of thebonus corresponds to the column showing the level of Sales and/or EBIT achieved.1.3 If the minimum target is reached for each of the Sales and EBIT performancecriteria, additional bonuses may be awarded in respect of:1.3.1 completion of the ERP project if it is fully functional and operationalbefore 1 January 2008Senior Management bonus excluding AviHeifetz (x month’s salary)Avi Heifetz (x month’s salary)1 (max)1 (max)1.3.2 personal performance as assessed by the individual’s supervisorand subject to the discretion of the ChairmanSenior Management bonus excluding AviHeifetz (x month’s salary)Avi Heifetz1 (max)n/a5753838.18