This excerpt taken from the HPQ 10-Q filed Jun 8, 2007.
XI. STOCK AND CASH AWARD DETERMINATION
The Committee may grant an eligible employee Stock Awards or awards of cash (Cash Awards) at such times and in such amounts as the Committee may designate which in its opinion fully reflect the performance level and potential of such employee. The Committee shall designate whether such awards are payable in Common Stock, cash or a combination thereof. Such awards shall be made in accordance with such guidelines as the Committee may from time to time adopt. Stock and Cash Awards shall be independent of any grant of an option under this Plan and shall be made subject to such restrictions as the Committee may determine to be appropriate.