Clearfield adopts new Incentive Bonus Plan for executives and key employees effective Oct 1, 2024

Clearfield, Inc.

Plan provides cash bonuses based on achievement of financial, operational, or strategic targets set by Compensation Committee.
Covers executive officers and other designated employees selected by the Committee or delegated to CEO.
Bonus amounts expressed as percentage of base salary; metrics include sales, earnings, cash flow, ROE, TSR, etc.
Includes provisions for adjustments, recoupment, and treatment upon termination, retirement, disability, or death.
Effective Oct 1, 2024; adopted by Compensation Committee on Aug 28, 2024.

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