{"id":38465,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/2011-executive-long-term-incentive-program-xerox.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"2011-executive-long-term-incentive-program-xerox","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/2011-executive-long-term-incentive-program-xerox.html","title":{"rendered":"2011 Executive Long-Term Incentive Program &#8211; Xerox"},"content":{"rendered":"<p align=\"center\"><strong>2011 Executive Long-Term Incentive Program (&#8220;2011<br \/>\nE-LTIP&#8221;)<\/strong><\/p>\n<p>Under the 2011 E-LTIP, executive officers of the Company are eligible to<br \/>\nreceive performance shares based on certain performance measures established by<br \/>\nthe Compensation Committee of the Board of Directors (the &#8220;Committee&#8221;).<\/p>\n<p>The performance elements and corresponding weights for the 2011 E-LTIP are:<br \/>\n(i) (10%) Revenue Growth: Revenue growth adjusted to exclude the impact of<br \/>\nchanges in the translation of foreign currencies into U.S. dollars; (ii) (55%)<br \/>\nAdjusted Earnings per Share: Diluted Earnings Per Share from Continuing<br \/>\nOperations as reported in the Company153s audited consolidated financial<br \/>\nstatements, as adjusted on an after-tax basis for the following discretely<br \/>\ndisclosed (in either Management153s Discussion and Analysis\/MD&amp;A or the<br \/>\nfootnotes to the financial statements) items (if equal to or greater than $50<br \/>\nmillion pre-tax on an individual basis, or in the aggregate per item, with the<br \/>\nexception of income tax and Fuji-Xerox adjustments): direct costs of acquisition<br \/>\nand acquisition-related expenses; amortization of acquisition-related<br \/>\nintangibles; restructuring and asset impairment charges; gains\/(losses) from<br \/>\nlitigation, regulatory matters or any changes in enacted law (including tax<br \/>\nlaw); gains\/(losses) from asset sales or business divestitures; gains\/(losses)<br \/>\nresulting from acts of war, terrorism or natural disasters; the initial effect<br \/>\nof changes in accounting principles that are included within Income from<br \/>\nContinuing Operations; impairment of goodwill and other intangibles;<br \/>\ngains\/(losses) from the settlement of tax audits (if equal to or greater than<br \/>\n$30 million on an individual basis, or in the aggregate per item);<br \/>\ngains\/(losses) on early extinguishment of debt; non-restructuring related<br \/>\nimpairments of long-lived assets; and our share of after-tax effects of the<br \/>\nabove items incurred by Fuji-Xerox (if our share is equal to or greater than $10<br \/>\nmillion on an individual basis, or in the aggregate per item); and (iii) (35%)<br \/>\nCore Cash Flow from Operations: Net Cash provided by (used for) Operating<br \/>\nActivities as reported in the Company153s consolidated audited financial<br \/>\nstatements, as adjusted for the following items: net changes in finance<br \/>\nreceivables and on-lease equipment; with the exception of cash payments for<br \/>\nrestructurings, cash flow impacts (inflows and outflows) resulting from the EPS<br \/>\nadjustments as identified above whether or not the cash flow impact and the EPS<br \/>\nimpact are in the same fiscal year; cash payments for restructurings in excess<br \/>\nof the amount reported as current restructuring reserves in the preceding years<br \/>\nAnnual Report; and special discretionary pension fundings in excess of $50<br \/>\nmillion. Any other items approved by the Committee for adjustment of the above<br \/>\nmetrics will be considered a modification of the award.<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[9370],"corporate_contracts_industries":[9508],"corporate_contracts_types":[9539,9546],"class_list":["post-38465","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-xerox-corp","corporate_contracts_industries-technology__hardware","corporate_contracts_types-compensation","corporate_contracts_types-compensation__incentive"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/38465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=38465"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38465"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38465"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}