This excerpt taken from the PBG DEF 14A filed Mar 31, 2006.
Individual Long-Term Incentives. In connection with Mr. Rebolledo becoming an employee of PBG, in January 2004, the Committee granted him a stock option award and a restricted stock award. As a result of these awards, Mr. Rebolledo was not eligible to receive any other award under the LTIP. These awards vested on December 31, 2005. Also in connection with his commencing employment with PBG, the Committee established a special three-year cash incentive for Mr. Rebolledo. Under this special incentive program, Mr. Rebolledo could earn a target award of $500,000 per year based on the achievement of specific performance targets established by the Committee each year for fiscal 2004, 2005 and 2006. The targets are based solely on the performance of the Companys business in Mexico and are satisfied only through superior performance that is above the Companys annual operating plan for Mexico. For 2004, the targets were not satisfied and there was no payout of a bonus. For 2005, if specific volume and cash flow targets were met, a bonus would be paid based on the achievement of certain profit and non-financial targets. In February 2006, the Committee determined that the volume and cash flow targets for 2005 had been satisfied. In determining the amount of the bonus payable for 2005, the Committee determined that the profit target had not been satisfied and that two of five non-financial targets had been achieved. As a result, the Committee approved a 2005 bonus of $50,000 payable to Mr. Rebolledo under this special incentive program. This amount is reflected in the Bonus column of the Summary Compensation Table on page 11.