Examples of PfR Plan in a sentence
Awards under the PARSU and PRU programs, if any, are paid on a prorated basis to participants at the end of the performance period based on actual results, and bonuses, if any, under the PfR Plan may be paid in prorated amounts at the discretion of management based on actual results.
Accordingly, the independent directors determined it was in the best interest of HP and its stockholders to offset this higher financial LTI valuation by the cash bonus otherwise payable to Ms. Whitman under the PfR Plan, resulting in Ms. Whitman receiving $3,710,000 of her $3,970,000 bonus through LTI grant value, and $260,000 in cash payment.
For information on the assumptions used to calculate the fair value of the awards, refer to Note 5 to our combined and consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended October 31, 2015, as filed with the SEC on December 17, 2015.(6) Amounts shown represent payouts under the PfR Plan (amounts earned during the applicable fiscal year but paid after the end of that fiscal year).
NARRATIVE TO THE SUMMARY COMPENSATION TABLEThe amounts reported in the “Summary Compensation Table,” including base pay, annual and LTI award amounts, benefits and perquisites, are described more fully under “Compensation Discussion and Analysis.” The amounts reported in “Non-Equity Incentive Plan Compensation” column include amounts earned in fiscal 2015 by each of the NEOs under the PfR Plan.
Based on the previously established fiscal 2013 financial metrics and MBOs under the PfR Plan, the independent directors of the Parent Board determined that Ms. Whitman’s bonus for fiscal 2013 was approximately $3,970,000, or 132.3% of target, reflecting outstanding performance for the year.
The Disciplinary counsel shall retain one or more investigators who may be assigned by the disciplinary counsel to assist certified grievance committees in the investigation of grievances.
The amounts earned during fiscal 2008 under the PfR Plan were as follows: Mr. Hurd, $3,590,000; Ms. Lesjak, $967,000; Mr. Mott, $1,068,000; Mr. Joshi, $1,037,644; Mr. Bradley, $1,456,000; and Ms. Livermore, $1,220,000.
Under the Executive PfR Plan for the fiscal years shown, the percentage of the targeted variable amount that is paid depends upon the degree to which performance metrics defined on a semi-annual basis were met.
The Executive PfR Plan permits the HR and Compensation Committee to designate a portion of the target annual cash compensation for participants, including executive officers, as variable pay.
Section 16 Officers at the beginning of the applicable performance period and selected other employees were eligible to participate in the Executive PfR Plan.