|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the HPQ DEF 14A filed Jan 27, 2010. Pay-for-Results Plan As described under "Compensation Discussion and Analysis—Analysis of Elements of Executive Compensation—Annual Incentive Pay," the PfR Plan is HP's annual incentive compensation program that pays out if the performance metrics of revenue and net profit are met during the fiscal year. During its January 2009 meeting, the Committee approved target awards (expressed as a percentage of annual base salary) and performance metrics for fiscal 2009. Target awards for the NEOs for fiscal 2009 58 are displayed below in the Grants of Plan-Based Awards in Fiscal Year 2009 table. In setting performance targets for the coming year, the Committee generally looks to the actual performance for the year just ended and establishes performance thresholds based on input from the CEO with respect to the business plan for the company. The CEO's recommendations with respect to targets take into account the expectations for contribution from each of the business units to the overall performance of the company, as well as the economic environment and market conditions. Following the close of the fiscal year, the Committee assessed and certified HP's performance against the revenue and net profit metrics established for the year and approved awards to the NEOs in the amounts detailed in the Summary Compensation Table. This excerpt taken from the HPQ DEF 14A filed Jan 20, 2009. Pay-for-Results Plan The PfR Plan is HP's annual incentive compensation program that pays out if the performance metrics of revenue and net profit are met during the fiscal year. During its meeting in January 2008, the Committee approved target awards (expressed as a percentage of annual base salary) and performance metrics for fiscal 2008. Target awards for the NEOs for fiscal 2008 are displayed below under "Grants of Plan-Based Awards in Fiscal Year 2008." In setting performance targets for the coming year, the Committee generally looks to the actual performance for the year just ended and establishes performance thresholds based on input from the CEO with respect to the business plan for the company. The CEO's recommendations with respect to targets take into account the expectations for contribution from each of the business units to the overall performance of the company, as well as the current economic environment and market conditions. Following the close of the fiscal year, the Committee assessed and certified HP's performance against the revenue and net profit metrics it established in November of 2007, and it approved awards to the NEOs in the amounts detailed in the table above. 47 This excerpt taken from the HPQ DEF 14A filed Jan 29, 2008. Pay-for-Results Plan The PfR Plan is HP's annual incentive compensation program that pays out if the performance metrics of revenue and net profit are met during the fiscal year. During its meeting in November 2006, the HR and Compensation Committee (the "Committee") approved target awards (expressed as a percentage of annual base salary) and performance metrics for fiscal 2007. Target awards for the NEOs for fiscal 2007 are displayed below under "Grants of Plan-Based Awards in Fiscal Year 2007." In setting targets for the coming year, the Committee generally looks to the actual performance for the year just ended. Following the close of the fiscal year, the Committee assessed and certified HP's performance against the revenue and net profit metrics it approved in November of 2006 and approved awards to the NEOs ranging from 115% to 192.4% of target. 44 | EXCERPTS ON THIS PAGE:
|
| |||||||
