EXHIBIT 10.1
Summary of Performance Award
under the Nortek, Inc. 2000 Equity and Cash Incentive Plan
On May 12, 2000, the Compensation Committee of the
Nortek, Inc. Board of Directors approved a performance award
to Richard L. Bready under the Nortek, Inc. 2000 Equity and
Cash Incentive Plan. Mr. Bready will receive a cash payment
if the Company's consolidated earnings before interest
expense, taxes, depreciation and amortization ("EBITDA")
during the year 2000 equals or exceeds certain targets. The
award, if any, ranges from $900,000 in the event that EBITDA
for 2000 equals or exceeds $180,000,000 to $4,000,000 in
the event that EBITDA for 2000 equals or exceeds $266,666,667.
