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This excerpt taken from the LLTC DEF 14A filed Sep 23, 2009. Target Awards and Performance Goals Each performance period, the Committee assigns each participant a target award and the performance goal or goals that must be achieved before an award actually will be paid to the participant. The participants target award is expressed as a percentage of his or her base salary. The performance goals require the achievement of objectives for one or more of: annual revenue; cash flow; cash flow from operations; total earnings; earnings per share, diluted or basic; earnings per share from continuing operations, diluted or basic; earnings before interest and taxes; earnings before interest, taxes, depreciation, and amortization; pre-tax profit; earnings from operations; net asset turnover; inventory turnover; capital expenditures; net earnings; operating earnings; gross or operating margin; profit margin, debt; working capital; return on equity; return on net assets; return on total assets; return on capital; return on investment; return on sales; net or gross sales; market share; economic value added; cost of capital; change in assets; expense reduction levels; debt 15 reduction; productivity; new product introductions; delivery performance; safety record; stock price; operating income expressed as a percent of sales; and total stockholder return. |
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