Employee performance bonuses and executive incentive plan

12 Months Ended

Jun. 29, 2012

Employee performance bonuses and executive incentive plan

18. Employee performance bonuses and executive incentive plan

The Group did not maintain an executive incentive plan during the years ended June 29, 2012 and June 25, 2010. For the year ended June 24, 2011, the Group maintained an executive incentive plan with quantitative objectives, based on achieving certain revenue and earnings per share milestones for the fiscal year, and qualitative objectives. Bonuses under the fiscal 2011 executive incentive plan were payable in fiscal 2012. During the years ended June 24, 2011 and June 29, 2012, discretionary merit-based bonus awards were also available to Fabrinet’ s non-executive employees. Charges to the income statement for bonus distributions to employees were $1,698, $4,453 and $0 for the years ended June 29, 2012, June 24, 2011 and June 25, 2010, respectively.