This excerpt taken from the GPS DEF 14A filed Mar 28, 2005.
Compensation Strategy Change in Fiscal 2005
During fiscal 2004, we concluded an in-depth review of our compensation strategy. During this review, we worked closely with senior management to evaluate our compensation philosophy and the alignment of our programs with our objectives. Based on this assessment, we determined that, while the basic executive compensation principles described below remain valid, several changes were appropriate in order to more effectively promote retention and align our programs with the needs of employees, the Companys short and long-term strategies, and the interests of our shareholders. These changes, which are generally effective beginning in fiscal 2005, include:
We are confident that these changes support our business strategies and strike the right balance between the interests of all of the Companys stakeholders. The following information relates specifically to our compensation program for executive officers in fiscal 2004.