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Exhibit 10.3
2009 PERFORMANCE SHARE
PROGRAM
AWARD CALCULATION
METHODOLOGY
|
Parameter
|
|
Description
|
|
Award Metrics
|
|
“Initial Meta-Funding Gate” requires
achievement of GAAP revenues of 90% of Annual Operating Plan (AOP)
Threshold performance
·
If Initial Meta-Funding Gate is not
met, no Actual Awards will be earned for 2009
·
If Initial Meta-Fund Gate is met,
Maximum Awards may be earned, subject to reduction based on the
achievement of the following “Other Performance
Goals”:
·
Revenue (adjusted to include
shippable backlog at the end of the fiscal year) – Maximum
Award reduced to zero if performance does not equal or exceed 90%
of AOP (AOP revenue goal will be set in consideration of beginning
of year shippable backlog); and
·
Non-GAAP Operating Profit (adjusted
to include the profit associated with shippable backlog at the end
of the fiscal year) – Maximum Award reduced to zero if
performance does not equal or exceed 75% of AOP.
Actual Awards determined using the
matrix provided in Section 2, below.
|
|
|
|
|
|
Award Determination
|
|
·
If Initial Meta-Funding Gate is not
met, no Performance Shares are credited/earned
·
If Initial Meta Funding Gate is
met, the number of Performance Shares credited as an Actual Award
is calculated using the matrix below
Step 1 : Determine the “Performance Share
Percentage” based on achievement of the Other Performance
Goals by using the matrix below:
|
|
|
125%
|
98%
|
102%
|
106%
|
111%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
|
|
124%
|
96%
|
101%
|
105%
|
109%
|
113%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
|
|
123%
|
95%
|
99%
|
103%
|
108%
|
112%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
|
|
122%
|
93%
|
98%
|
102%
|
106%
|
111%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
|
|
121%
|
92%
|
96%
|
101%
|
105%
|
109%
|
114%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
|
|
120%
|
90%
|
95%
|
99%
|
103%
|
108%
|
112%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
|
|
119%
|
89%
|
93%
|
98%
|
102%
|
106%
|
111%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
|
|
118%
|
88%
|
92%
|
96%
|
101%
|
105%
|
109%
|
114%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
|
|
117%
|
86%
|
91%
|
95%
|
99%
|
103%
|
108%
|
112%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
|
|
116%
|
85%
|
89%
|
93%
|
98%
|
102%
|
106%
|
111%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
|
|
115%
|
83%
|
88%
|
92%
|
96%
|
101%
|
105%
|
109%
|
114%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
|
|
114%
|
82%
|
86%
|
91%
|
95%
|
99%
|
103%
|
108%
|
112%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
115%
|
|
|
113%
|
80%
|
85%
|
89%
|
93
|
|
