MAT » Topics » LONG-TERM INCENTIVE PLANS(1)

This excerpt taken from the MAT DEF 14A filed Apr 13, 2006.

LONG-TERM INCENTIVE PLANS(1)

 

Name


  

Number of

Shares, Units

or Other Rights

(#)


  

Performance

or Other

Period Until
Maturation

or Payout


  

Estimated Future Payouts under

Non-Stock Price-Based Plans


        

Threshold

($)


  

Target

($)


  

Maximum

($)


Robert A. Eckert

   —      12/31/07    3,000,000    6,000,000    12,000,000

Thomas A. Debrowski

   —      12/31/07    750,000    1,500,000    3,000,000

Kevin M. Farr

   —      12/31/07    750,000    1,500,000    3,000,000

Neil B. Friedman

   —      12/31/07    1,250,000    2,500,000    5,000,000

Bryan G. Stockton

   —      12/31/07    750,000    1,500,000    3,000,000

Matthew C. Bousquette

   —      12/31/07    1,250,000    2,500,000    5,000,000

(1)   The table provides information regarding a performance cycle under Mattel’s LTIP that began in 2005. In March 2005, the Compensation Committee established the performance targets for the January 1, 2005-December 31, 2007 performance cycle. For the 2005-2007 cycle, the Compensation Committee based the performance targets on net operating profit after taxes less a capital charge. In March 2005, the Compensation Committee established the level of each executive’s participation and threshold, target and maximum levels for the performance criteria that have to be achieved before payments will be made under the LTIP at the threshold, target and maximum payout levels. These performance criteria included criteria for (a) a cumulative payment based on cumulative financial performance over the entire 2005-2007 performance cycle; and (b) if there is no cumulative payment, a payment at a reduced rate based upon financial performance during fiscal year 2007.

 

 

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Table of Contents
This excerpt taken from the MAT DEF 14A filed Apr 13, 2005.

LONG-TERM INCENTIVE PLANS (1)

 

Name


  

Number of

Shares, Units

or Other Rights

(#)


  

Performance

or Other

Period Until
Maturation

or Payout


  

Estimated Future Payouts under

Non-Stock Price-Based Plans


        

Threshold

($)


  

Target

($)


  

Maximum

($)


Robert A. Eckert

   —      12/31/06    3,000,000    6,000,000    12,000,000

Matthew C. Bousquette

   —      12/31/06    1,250,000    2,500,000    5,000,000

Thomas A. Debrowski

   —      12/31/06    750,000    1,500,000    3,000,000

Kevin M. Farr

   —      12/31/06    750,000    1,500,000    3,000,000

Neil B. Friedman

   —      12/31/06    1,250,000    2,500,000    5,000,000

(1)   The table provides information regarding a performance cycle under Mattel’s LTIP that began in 2003. In March 2003, the Compensation Committee established the performance targets for the January 1, 2003-December 31, 2006 performance cycle. For the 2003-2006 cycle, the Compensation Committee based the performance targets on net operating profit after taxes less a capital charge. In March 2003, the Compensation Committee established the level of each executive’s participation and threshold, target and maximum levels for the performance criteria that had to be achieved before incentive payments would be awarded under the LTIP at the threshold, target and maximum payout levels. These performance criteria included criteria for an interim payment based upon financial performance during the January 1, 2003-December 31, 2004 portion of the 2003-2006 performance cycle. The performance criteria for an interim payment were not satisfied, and thus no interim payment was made with regard to the January 1, 2003-December 31, 2004 portion of the 2003-2006 performance cycle.

 

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Table of Contents

"LONG-TERM INCENTIVE PLANS(1)" elsewhere:

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