This excerpt taken from the UNH DEF 14A filed Apr 23, 2009.
Long-Term Cash Incentive Awards 2008
The long-term incentive target percentages for long-term cash incentive awards to our named executive officers and the actual long-term cash incentive awards paid based on 2006-2008 EPS results and the exercise of Compensation Committee discretion are set forth in the table below:
Mr. Mikan became a participant in the long-term cash incentive program in May 2006 in connection with his assumption of enterprise-wide responsibilities and, as a result, the target value of his long-term cash incentive award was prorated.
The factors considered by the Compensation Committee in the exercise of its discretion in the approval of the 2006-2008 long-term cash incentive award amounts are discussed under Rationale for Individual Incentive Compensation Decisions below. As discussed in Determination of 2008 Annual Cash Incentive Award Amounts above, due to the timing of Mr. Stricklands departure, he was ineligible to receive a long-term cash incentive award.