This excerpt taken from the CPKI DEF 14A filed Apr 30, 2007.
The purpose of the Audit Committee (the Committee) of the Board of Directors (the Board) of California Pizza Kitchen, Inc. (the Company) is to assist the Board in fulfilling its responsibility for oversight of the quality and integrity of the accounting, auditing, and financial reporting practices of the Company. The Committee shall serve as a channel of communication between the independent auditors and the Board. The Committees role includes a particular focus on the qualitative aspects of financial reporting to stockholders, and on the Companys processes to manage business and financial risk, and for compliance with significant legal, ethical, and regulatory requirements. The Committee is directly responsible for the appointment, compensation, and oversight of the public accounting firm engaged to prepare or issue an audit report on the financial statements of the Company.
Notwithstanding the purpose of the Committee, it is understood that the Committees duties do not include planning or conducting audits or determining that the Companys financial statements are accurate, complete and in accordance with generally accepted accounting principles. Further, the term review as used in this Charter is not intended to have the meaning as defined in auditing literature and, accordingly, should not be interpreted to suggest that the Committee members can or should follow the procedures required of auditors performing reviews of financial statements. The foregoing are the responsibility of management and the independent auditors. The Committee will undertake those specific duties and responsibilities listed below and such other duties as the Board may from time to time prescribe. The powers and responsibilities delegated by the Board to the Committee in this Charter or otherwise shall be exercised and carried out by the Committee as it deems appropriate without requirement of Board approval, and any decision made by the Committee shall be at the Committees sole discretion. While acting within the scope of the powers and responsibilities delegated to it, the Committee shall have and may exercise all the powers and authority of the Board. To the fullest extent permitted by the law, the Committee shall have the power to determine which matters are within the scope of the powers and responsibilities delegated to it.
This excerpt taken from the CPKI DEF 14A filed Apr 26, 2005.
The purpose of the Bonus Plan is to attract and retain employees with outstanding competencies who will strive for excellence, motivate those individuals to exert their best efforts on behalf of our company by providing them with compensation in addition to their base salaries and further the identity of interests of such employees with those of our stockholders through a strong performance-based reward system. If certain requirements are satisfied, bonuses issued under the Bonus Plan may qualify as deductible performance-based compensation within the meaning of Code Section 162(m).