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CVS » Topics » Long-Term Performance Share Plan

This excerpt taken from the CVS DEF 14A filed Mar 24, 2006.

Long-Term Performance Share Plan

 

The following table shows, for each named executive officer, potential future payouts for the 2005 through 2007 performance period under the Company’s Long-Term Performance Share Plan. Actual payouts are based on the Company’s achievement of an earnings per share target, and may range from no award to the maximum amount shown in the table.

 

              Potential Future Payout (1)
          Name      Performance Period      Threshold      Target      Maximum

Thomas M. Ryan

      2005-2007      $ 900,000      $ 3,600,000      $ 7,200,000

David B. Rickard

      2005-2007        187,500        750,000        1,500,000

Larry J. Merlo

      2005-2007        187,500        750,000        1,500,000

Chris W. Bodine

      2005-2007        187,500        750,000        1,500,000

Douglas A. Sgarro

      2005-2007        187,500        750,000        1,500,000

 

  (1) The potential future payout represents the total award value in dollars; actual payment, if any, will be awarded half in stock and half in cash. The number of shares to be awarded will be determined using the fair market value at the time of payment. Any shares awarded will be subject to a minimum two-year holding period from the grant date.

 

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This excerpt taken from the CVS DEF 14A filed Mar 25, 2005.

Long-Term Performance Share Plan

 

The following table shows, for each named executive officer, potential future payouts for the 2004-2006 performance period under the Company’s Long-Term Performance Share Plan. Actual payouts are based on the Company’s return on invested capital growth during the period, and may range from no award to the maximum amount shown in the table.

 

              Potential Future Payout (1)
          Name      Performance or Other
Period		      Threshold      Target      Maximum

Thomas M. Ryan

      2004-2006      $ 825,000      $ 3,300,000      $ 4,950,000

David B. Rickard

      2004-2006        150,000        600,000        900,000

Larry J. Merlo

      2004-2006        150,000        600,000        900,000

Chris W. Bodine

      2004-2006        150,000        600,000        900,000

Douglas A. Sgarro

      2004-2006        125,000        500,000        750,000

 

  (1) The potential future payout represents the total award value in dollars; actual payment, if any, will be awarded half in stock and half in cash. The number of shares to be awarded will be determined using the fair market value at the time of payment.

 

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EXCERPTS ON THIS PAGE:

DEF 14A
Mar 24, 2006
DEF 14A
Mar 25, 2005

RELATED TOPICS for CVS:

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