|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the HAS DEF 14A filed Apr 6, 2009. Revenues
Measure
90% achievement of each target under the contingent stock
performance awards was established as a threshold to that metric
contributing to the ultimate award payout. Each stock
performance award has a target number of shares of common stock,
a portion of which may be earned by the recipient if the Company
achieves at least 90% of the stated EPS
and/or
Revenue targets over the Performance Period. For example, 90%
achievement of both of the performance metrics corresponds with
a planned payout of 85% of the target number of shares. The
actual number of shares to be received at the end of the
Performance Period can be below or above the target number based
on the actual levels of the target performance achieved against
the two metrics. In all cases the Committee retains the right to
reduce the number of actual shares received pursuant to any
award to any level, including 0%, to the extent it believes the
actual payout should be below the number called for by the award
agreements.
For the first grant of contingent stock performance awards,
which were made in July of 2006, the performance period ended in
December 2008. The table set forth below shows how the Company
performed against the net revenues and EPS performance metrics
set forth in the 2006 contingent stock performance awards. The
revenue performance of 109% of target, and the EPS performance
of 116% of target, together resulted in a payout under these
contingent stock performance awards of 115% of target.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||
