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This excerpt taken from the HPQ 8-K filed Nov 23, 2005. “Performance
Measure” means any one or more of the following performance
criteria, either individually, alternatively or in any combination, applied to
either HP as a whole or to a business unit, Affiliate, region, or business
segment, either individually, alternatively or in any combination, and measured
either on an absolute basis or relative to a pre-established target, to a previous
period’s results or to a designated comparison group, in each case as specified
by the Committee: cash flow (including
operating cash flow or free cash flow), revenue (on an absolute basis or
adjusted for currency effects), gross margin, operating expenses or operating
expenses as a percentage of revenue, earnings (which may include earnings
before interest and taxes, earnings before taxes, and net earnings, and may be
determined in accordance with U.S. Generally Accepted Accounting Principles
(“GAAP”) or adjusted to exclude any or all non-GAAP items), earnings per share (on a GAAP or non-GAAP basis), growth in any of the foregoing measures, stock price, return on equity or average stockholders’ equity, total stockholder return, growth in stockholder value relative to the moving average of the S&P 500 Index or another index, return on capital, return on assets or net assets, return on investment, economic value added, operating profit, controllable operating profit, or net operating profit, operating margin, cash conversion cycle, market share, contract awards or backlog, overhead or other expense reduction, credit rating, strategic plan development and implementation, succession plan development and implementation, improvement in workforce diversity, customer indicators, new product invention or innovation, attainment of research and development milestones, improvements in productivity, attainment of objective operating goals and employee metrics.
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