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This excerpt taken from the HPQ DEF 14A filed Jan 27, 2010. Cash Award.
Each Cash Award shall contain provisions regarding (i) the target
and maximum amount payable to the Awardee as a Cash Award, (ii) the
performance criteria and level of achievement versus these criteria which shall
determine the amount of such payment, (iii) the period as to which
performance shall be measured for establishing the amount of any payment, (iv) the
timing of any payment earned by virtue of performance, (v) restrictions on
the alienation or transfer of the Cash Award prior to actual payment, (vi) forfeiture
provisions, and (vii) such further terms and conditions, in each case not
inconsistent with the Plan, as may be determined from time to time by the
Administrator. The maximum amount payable as a Cash Award that is settled for
cash may be a multiple of the target amount payable, but the maximum amount
payable pursuant to that portion of a Cash Award granted under this Plan for
any fiscal year to any Awardee that is intended to satisfy the requirements for
“performance-based compensation” under Section 162(m) of the Code
shall not exceed U.S. $15,000,000.
(b) |
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