EXHIBIT 10.1
EAGLE MATERIALS INC.
SALARIED INCENTIVE COMPENSATION PROGRAM
FOR FISCAL YEAR 2025
(as
adopted by the Board of Directors on May 16, 2024)
The purpose of the Eagle Materials Inc. Salaried Incentive Compensation Program for Fiscal Year 2025 (the Program) is to establish
an incentive bonus program which: (i) focuses on the performance of Eagle Materials Inc. (the Company) as well as individual performance; and (ii) aligns the interest of participants with those of the Companys
stockholders. The Program is adopted by the Board of Directors. The Program shall be in effect for the fiscal year ending March 31, 2025.
The Program shall be administered by the Compensation Committee of the Board (the Committee). The Committee shall have complete
discretion and authority to administer the Program (which may include the delegation of any ministerial administrative duties hereunder to Company employees, as appropriate, the adoption of rules, regulations and guidelines for carrying out the
Program, etc.) and to interpret the provisions of the Program. Any determination, decision, or action of the Committee in connection with the construction, interpretation, administration or application of the Program shall be binding and conclusive
upon all persons, and shall be given the maximum deference permitted by law. The Committee may amend or terminate the Program by adoption of a written instrument at any time without the consent of any Participant.
No member of the Committee, nor any of their delegees pursuant to this Section 2, shall be liable for anything done or omitted to be done
by such individual or by any other member of the Committee in connection with the performance of any duties under the Program, except for such individuals own willful misconduct or as expressly provided by statute.
The Companys Chief Executive Officer (the CEO) and the CEOs direct reports are eligible to participate in the Program.
The CEO may propose to also include in the Program additional exempt salaried employees at the corporate level of the Company.
Participants must be an exempt salaried manager or professional. No hourly or non-exempt employee may
participate.
To ensure reasonableness and affordability, available funds for bonus payments under the Program are to be determined as a percentage of
operating earnings of the Company. The actual percentage may vary from year to year as recommend by the CEO and approved by the Committee. For Fiscal Year 2025, 1.2% of the Companys operating earnings, as determined by the Committee,
will fund the corporate bonus pool.