DTV » Topics » 2003 AIP

This excerpt taken from the DTV 10-K filed Mar 1, 2005.

2003 AIP

 

Your 2003 AIP award will be based on the performance of HUGHES, your operating company (as applicable) and your own personal performance towards meeting your 2003 goals.

 

As you can see from the chart below, we have once again raised the bar of our business plan performance targets. In some cases, such as Revenue, there is little room for falling below target and still achieving an AIP payout. In others, such as Net Income and Cash, a lot more stretch is required to achieve maximum payout.

 

HUGHES Metric


   Weight

   

Minimum

($M)


   

Target

($M)


   

Maximum

($M)


 

Revenue

   25 %   $ 8,950     $ 9,350     $ 11,688  

Net Income

   30 %     ($420 )     ($365 )   $ 0  

Cash Supplied/(Required)

   30 %     ($230 )     ($180 )   $ 0  

Customer Satisfaction

   15 %     Weighted average of OpCo performance  

If performance is achieved, AIP is funded at

 

    50 %     100 %     200 %

 

Note: Operating company metrics align with these HUGHES level metrics and are tailored to reflect the strategy of each business. In order for the operating companies to receive funding, the HUGHES minimum funding must be achieved, as well as their own plan thresholds.

 

P.O. Box 956    200  N  Sepulveda  Blvd  El  Segundo,  CA  90245 - 0956

phone  310.662.9977        fax  310.322.1534

 


April 29, 2003

Page 2

 

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