{"id":38531,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/annual-performance-incentive-plan-for-2010-xerox.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"annual-performance-incentive-plan-for-2010-xerox","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/annual-performance-incentive-plan-for-2010-xerox.html","title":{"rendered":"Annual Performance Incentive Plan for 2010 &#8211; Xerox"},"content":{"rendered":"<p align=\"center\"><strong>Annual Performance Incentive Plan for 2010 (&#8220;2010<br \/>\nAPIP&#8221;)<\/strong><\/p>\n<p>Under the 2010 APIP, executive officers of the Company are eligible to<br \/>\nreceive performance related cash payments. Payments are, in general, only made<br \/>\nif performance objectives established by the Compensation Committee of the Board<br \/>\nof Directors (the &#8220;Committee&#8221;) are met.<\/p>\n<p>The Committee previously approved an incentive target opportunity for 2010,<br \/>\nexpressed as a percentage of base salary, for each participating officer.<br \/>\nCertain additional goals were established for some officers based on business<br \/>\nunit goals. The Committee also established overall threshold, target and maximum<br \/>\nmeasures of performance for the 2010 APIP. The performance measures and<br \/>\nweightings were adjusted Earnings per Share (weighted at 40%), Cash Flow from<br \/>\nOperations (weighted at 40%) and Pro Forma Revenue Growth (adjusted to exclude<br \/>\nthe impact of changes in the translation of foreign currencies into U.S.<br \/>\ndollars) (weighted at 20%).<\/p>\n<p>The performance against the 2010 APIP goals was as follows: adjusted earnings<br \/>\nper share and cash flow from operations exceeded maximum, and pro forma constant<br \/>\ncurrency revenue growth was at target.<\/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-38531","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\/38531","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=38531"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38531"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38531"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}