This excerpt taken from the XEC DEF 14A filed Mar 30, 2007.
2006 GRANTS OF PLAN-BASED AWARDS
See Elements of Executive Compensation Program, Cash Incentive Awards for a description of the cash incentive award program and the formula used to determine the cash incentive pool available for award to the Chief Executive Officer and Named Executive Officers. See Long-Term Incentive Awards, Performance Awards for a description of the material terms of the performance awards. Ordinary cash dividends will be paid on the shares subject to the performance awards.