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HPQ » Topics » Section 20. Code Section 162(m).

This excerpt taken from the HPQ 10-K filed Jan 14, 2005.

Section 20.    Code Section 162(m).

        With respect to Covered Employees, this Plan is designed to satisfy the special requirements for performance-based compensation set forth in Section 162(m) of the Code, and the Plan shall be so construed. Furthermore, if a provision of the Plan as it relates to a Covered Officer causes a deferral or payment to fail to satisfy these special requirements, the Plan shall be deemed amended to satisfy the requirements to the extent permitted by law and subject to Committee approval.

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