This excerpt taken from the ALL DEF 14A filed Apr 2, 2008.
Long-term cash incentive awards 2007-2009 cycleestimated future payouts
The Estimated Future Payout Under Non-Equity Incentive Plan Awards column of the Grants of Plan-Based Awards at Fiscal Year-End 2007 table also includes the threshold, target and maximum award opportunities for the long-term cash incentive awards for the 2007-2009 cycle. The actual amount of long-term cash incentive awards earned for the 2007-2009 cycle will be reported in the Summary Compensation Table for the fiscal year ended December 31, 2009. The actual amount of long-term cash incentive awards earned for the 2006-2008 cycle will be reported in the Summary Compensation Table for the fiscal year ended December 31, 2008. For the 2007-2009 cycle, the amount of each named executive's award is the sum of the amounts calculated using the following calculation for all of the long-term cash incentive performance measures. For the 2007-2009 cycle, the target award opportunities for the named executives, stated as a percentage of salary, are as follows: Mr. Liddy155%. Mr. Wilson140%, Mr. Ruebenson100%, and Messrs. Simonson and Hale80%.
The weighting for each named executive is provided on page 50. The amount specified in the Grants of Plan Based Awards Table as the threshold, target, and maximum long-term cash incentive award for each named executive is the amount that will be earned if Allstate achieves the threshold, target, and maximum goals, respectively, on all of the performance measures.
The performance measures, weighting, and goals for the 2007-2009 cycle are set forth in the following table. A description of each performance measure is provided under the "Performance Measures" caption at the end of this CD&A.