ZBRA » Topics » 4.5 Incentive Award Calculation:

This excerpt taken from the ZBRA 8-K filed Feb 19, 2009.

4.5    Incentive Award Calculation:

(a) The Company shall evaluate actual performance results for each of the Semi-Annual Financial Performance Periods against the respective Semi-Annual Financial Performance Period’s Semi-Annual Financial Performance Goals. Each Participant’s Incentive Award with respect to the Participant’s Semi-Annual Financial Performance Goals for both Semi-Annual Financial Performance Periods (the “Combined Semi-Annual Award”) shall be calculated as the Participant’s Financial Performance Component’s weighting percentage multiplied by the sum of (i) the Participant’s Base Earnings during the first Semi-Annual Financial Performance Period, multiplied by the Participant’s Target Incentive Percentage, multiplied by the Participant’s Performance Payout Percentage for the first Semi-Annual Financial Performance Period, plus (ii) the Participant’s Base Earnings during the second Semi-Annual Financial Performance Period, multiplied by the Participant’s Target Incentive Percentage, multiplied by the Participant’s Performance Payout Percentage for the second Semi-Annual Financial Performance Period,

(b) The Company shall also evaluate actual performance results for the Annual Performance Period against the Annual Financial Performance Goals. Each Participant’s Incentive Award with respect to the Participant’s Annual Financial Performance Goals (the “Annual Award”) shall be calculated as the amount, if any, by which (i) the Participant’s Financial Performance Component’s weighting percentage, multiplied by the Participant’s Base Earnings during the Annual Performance Period, multiplied by the Participant’s Target Incentive Percentage, multiplied by the Performance Payout Percentage for the Annual Performance Period, exceeds (ii) the amount of the Combined Semi-Annual Award. In no event shall the Annual Award be a negative number.

(c) Each Participant’s Incentive Award with respect to the Participant’s Individual Performance Goal (the “Individual Award”) shall be calculated as the Participant’s Individual Performance

 

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Component’s weighting percentage multiplied by the Participant’s Base Earnings during the Plan Year, multiplied by the Participant’s Target Incentive Percentage, multiplied by the Participant’s Performance Payout Percentage for the Participant’s Individual Performance Goal.

The above computations shall be made using the following formula:

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