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Form of Hewitt Associates, Inc. FY2006 Performance Share Program Award Agreement

Performance Unit Award Agreement

Form of Hewitt Associates, Inc. FY2006 Performance Share Program Award Agreement | Document Parties: Hewitt Associates, Inc You are currently viewing:
This Performance Unit Award Agreement involves

Hewitt Associates, Inc

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Title: Form of Hewitt Associates, Inc. FY2006 Performance Share Program Award Agreement
Governing Law: Illinois     Date: 11/10/2005
Industry: Business Services     Sector: Services

Form of Hewitt Associates, Inc. FY2006 Performance Share Program Award Agreement, Parties: hewitt associates  inc
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Exhibit 99.2

 

Form of

Hewitt Associates, Inc.

FY2006 Performance Share Program Award Agreement

 

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Congratulations on your selection as a Participant in the Performance Share Program (“Program”) which is governed by the Hewitt Associates, Inc. 2002 Global Stock and Incentive Compensation Plan (the “Plan”). This Award Agreement and the Plan together govern your rights under the Program and set forth all of the conditions and limitations affecting such rights. Terms used in this Award Agreement that are defined in the Plan shall have the meanings ascribed to them in the Plan. If there is any inconsistency between the terms of this Award Agreement and the terms of the Plan, the Plan’s terms shall supersede and replace the conflicting terms of this Award Agreement. For purposes of this Agreement, “Hewitt” means the Company, its Affiliates, and/or its Subsidiaries.

 

Overview of Your Performance Shares

 

1.

Number of Performance Shares Granted :                     

 

2.

Date of Grant:                     

 

3.

Performance Cycle. The Performance Cycle commences on October 1, 2005, and ends on September 30, 2008.

 

4.

Performance Measure(s):

 

 

(a)

“Three-Year Annualized Direct Revenue Growth” as defined as a Compounded Annualized Growth Rate in Total Direct Revenue over the 3-Year period, and;

 

 

(b)

“Three-Year Cumulative Economic Profit” expressed as a Dollar Amount, and defined as: (Return on Invested Capital % - Weighted Average Cost of Capital %) multiplied by Average Invested Capital ($)

 

 

vi


5.

Amount of Award Earned. The amount distributable to the Participant under the Award Agreement shall be equal to the number of Performance Shares granted in Section 1 multiplied by the Earned Percent of Performance Shares Awarded, determined in accordance with the following schedule:

 

 

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