This excerpt taken from the HPQ DEF 14A filed Feb 11, 2005.
Ms. Fiorina's targeted bonus opportunity was 300% of base salary for the first and second halves of fiscal 2004.
HP achieved objectives for the first half of fiscal 2004 that resulted in a payout to Ms. Fiorina of $1,001,910 under the Executive PfR Plan. No payout was made to Ms. Fiorina under the Executive PfR Plan for the second half of fiscal 2004 because HP's threshold performance objectives were not achieved.
In December 2004, Ms. Fiorina was awarded a bonus outside of the Executive PfR Plan in the amount of $567,000 based on HP's performance during the fourth quarter of fiscal 2004 as further described in footnote 2 to the Summary Compensation Table on page 30.