ADS sets FY2023 annual cash incentive plan with Adjusted EBITDA, net sales, and individual goals

ADVANCED DRAINAGE SYSTEMS, INC.

FY2023 Annual Cash Incentive Plan approved May 18, 2022; measures: Total Net Sales, Adjusted EBITDA, Individual Goal Achievement.
For most NEOs, 60% of award on Adjusted EBITDA, 20% on net sales, 20% on individual goals; for Mr. Moore, 70% on Infiltrator Water Technologies EBITDA.
Payouts range 0%-200% of target via linear interpolation; funding trigger requires minimum Adjusted EBITDA for any payout.
Awards paid in lump sum within 2.5 months after fiscal year end March 31, 2023.

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