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This excerpt taken from the PCG 10-K filed Feb 24, 2009. Performance
Measures. Performance Measures shall have the same meanings as
used in the Company’s financial statements, or, if such terms are not used in
the Company’s financial statements, they shall have the meaning applied pursuant
to generally accepted accounting principles, or as used generally in the
Company’s industry. Performance Measures shall be calculated with
respect to the Company and each Subsidiary Corporation consolidated therewith
for financial reporting purposes or such division or other business unit as may
be selected by the Committee. For purposes of the Plan, the
Performance Measures applicable to a Performance Award shall be calculated in
accordance with generally accepted accounting principles, but prior to the
accrual or payment of any Performance Award for the same Performance Period and
excluding the effect (whether positive or negative) of any change in accounting
standards or any extraordinary, unusual or nonrecurring item, as determined by
the Committee, occurring after the establishment of the Performance Goals
applicable to the Performance Award. Each such adjustment, if any,
shall be made solely for the purpose of providing a consistent basis from period
to period for the calculation of Performance Measures in order to prevent the
dilution or enlargement of the Participant’s rights with respect to a
Performance Award. Performance Measures may be one or more of the
following, as
23
determined
by the Committee: (i) sales revenue; (ii) gross margin;
(iii) operating margin; (iv) operating income; (v) pre-tax
profit; (vi) earnings before interest, taxes and depreciation and
amortization; (vii) net income; (viii) expenses; (ix) the market
price of the Stock; (x) earnings per share; (xi) return on shareholder
equity; (xii) return on capital; (xiii) return on net assets;
(xiv) economic value added; and (xv) market share; (xvi) customer
service; (xvii) customer satisfaction; (xviii) safety;
(xix) total shareholder return; or (xx) such other measures as
determined by the Committee consistent with this
Section 10.4(a).
(b) These excerpts taken from the PCG 10-K filed Feb 22, 2008. Performance
Measures. Performance Measures shall have the same meanings as
used in the Company’s financial statements, or, if such terms are not used in
the Company’s financial statements, they shall have the meaning applied pursuant
to generally accepted accounting principles, or as used generally in the
Company’s industry. Performance Measures shall be calculated with
respect to the Company and each Subsidiary Corporation consolidated therewith
for financial reporting purposes or such division or other business unit as may
be selected by the Committee. For purposes of the Plan, the
Performance Measures
22
applicable
to a Performance Award shall be calculated in accordance with generally accepted
accounting principles, but prior to the accrual or payment of any Performance
Award for the same Performance Period and excluding the effect (whether positive
or negative) of any change in accounting standards or any extraordinary, unusual
or nonrecurring item, as determined by the Committee, occurring after the
establishment of the Performance Goals applicable to the Performance
Award. Each such adjustment, if any, shall be made solely for the
purpose of providing a consistent basis from period to period for the
calculation of Performance Measures in order to prevent the dilution or
enlargement of the Participant’s rights with respect to a Performance
Award. Performance Measures may be one or more of the following, as
determined by the Committee: (i) sales revenue; (ii) gross
margin; (iii) operating margin; (iv) operating income;
(v) pre-tax profit; (vi) earnings before interest, taxes and
depreciation and amortization; (vii) net income; (viii) expenses;
(ix) the market price of the Stock; (x) earnings per share;
(xi) return on shareholder equity; (xii) return on capital;
(xiii) return on net assets; (xiv) economic value added; and
(xv) market share; (xvi) customer service; (xvii) customer
satisfaction; (xviii) safety; (xix) total shareholder return; or
(xx) such other measures as determined by the Committee consistent with
this Section 10.4(a).
(b) Performance Measures. Performance Measures shall have the same meanings as used in the Company’s financial statements, or, if such terms are not used in the Company’s financial statements, they shall have the meaning applied pursuant to generally accepted accounting principles, or as used generally in the Company’s industry. Performance Measures shall be calculated with respect to the Company and each Subsidiary Corporation consolidated therewith for financial reporting purposes or such division or other business unit as may be selected by the Committee. For purposes of the Plan, the Performance Measures 22 applicable to a Performance Award shall be calculated in accordance with generally accepted accounting principles, but prior to the accrual or payment of any Performance Award for the same Performance Period and excluding the effect (whether positive or negative) of any change in accounting standards or any extraordinary, unusual or nonrecurring item, as determined by the Committee, occurring after the establishment of the Performance Goals applicable to the Performance Award. Each such adjustment, if any, shall be made solely for the purpose of providing a consistent basis from period to period for the calculation of Performance Measures in order to prevent the dilution or enlargement of the Participant’s rights with respect to a Performance Award. Performance Measures may be one or more of the following, as determined by the Committee: (i) sales revenue; (ii) gross margin; (iii) operating margin; (iv) operating income; (v) pre-tax profit; (vi) earnings before interest, taxes and depreciation and amortization; (vii) net income; (viii) expenses; (ix) the market price of the Stock; (x) earnings per share; (xi) return on shareholder equity; (xii) return on capital; (xiii) return on net assets; (xiv) economic value added; and (xv) market share; (xvi) customer service; (xvii) customer satisfaction; (xviii) safety; (xix) total shareholder return; or (xx) such other measures as determined by the Committee consistent with this Section 10.4(a). (b) | EXCERPTS ON THIS PAGE:
RELATED TOPICS for PCG: |
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