Also, monitor the distribution
of performance awards and issues in discrimination complaints filed, and ensure that senior management officials are aware of this information.
Home» News» 2012 News Releases» Jan. 5, 2012 — Governor McDonnell & Board of Education Honor High - Performing Virginia Schools & School Divisions — 2012 Virginia Index
of Performance Awards Announced
A list of all schools and school divisions earning Virginia Index
of Performance Awards is available on the Virginia Department of Education Web site:
Home» News» 2013 News Releases» March 13, 2013 — Governor McDonnell and Board of Education Announce 2013 Virginia Index
of Performance Awards
Not exact matches
Robo 3D was also named CES 2017 Best
of Innovation
Awards Honoree for its Robo R2 high -
performance smart 3D printer with Wi - Fi.
He is the co-founder
of Blank Label, an
award - winning luxury menswear company, and leads marketing for Receiptful, a platform to supercharge all customer interactions for eCommerce stores, and Tenfold, a seamless click - to - dial solution for high -
performance sales teams.
In 2013, he was part
of a two - person team that won the Lipper
Award for top alternative fund in Canada for three - year
performance.
When it came time to reward top executives last year, more leading companies handed out
performance - based
awards instead
of time - vesting stock options, according to a new study from human resources consulting firm Mercer.
If Valeant hits $ 150 a share, Papa gets to keep 100 %
of the allotted
performance - based stock
awards, making his total pay balloon to about $ 300 million, or a whopping $ 75 million per year.
Apple has increased the proportion
of performance shares in its equity
awards, which boosts potential future earnings for the executives if the company outperforms its S&P 500 peers.
The Ontario Court
of Appeal recently upheld a decision to
award GasTOPS (a company that provides engineering consulting services for maintaining jet engines and develops software to assess engine
performance) $ 12 million, plus interest and legal costs.
Using Project Oxygen, an internal study that analyzed more than 10,000 manager impressions including
performance reviews, surveys, and nominations for top - manager
awards and recognition, Google identified eight habits
of highly effective managers.
Lawrence was eventually reassigned to a different division, which the IG found was given «no notice»
of his misconduct, and later given a
performance award.
Earlier this year, researchers published an academic study examining the long - term stock
performance of companies that had won the Corporate Health Achievement
Award, an annual prize that the American College
of Occupational and Environmental Medicine has bestowed since 1996.
We scored Trump and Clinton based on the
performance of these indicators,
awarding more points for stronger correlations to the candidates» actions.
He's an advocate
of awarding spot bonuses or perks for exceptional
performance.
In 2014, over 97 %
of the company's employees received long - term incentive benefits, which are
awarded based on their
performance.
The thinking here is that shareholders may have been objecting not just to Citigroup CEO Vikram Pandit's US$ 15 million dollar pay, but also to the $ 10 million retention payment
awarded to him, and the general lack
of correlation between Pandit's pay and the company's financial
performance.
Netflix did win big at this year's Golden Globe
Awards with Kevin Spacey taking home an
award for best
performance in a TV drama for his role on House
of Cards.
JPMorgan noted that its calculation
of Mr. Dimon's 2010 compensation did not include the $ 17 million in restricted stock and options that he was
awarded in February for his
performance last year.
They looked back at the entire list
of all 1,000 businesses that have been
awarded Best Managed status in the 25 years
of its existence and compared their
performance to average Canadian businesses.
The viral moment happened during the
awards show, following Common and Andra Day's moving
performance of «Stand Up for Something.»
As it is a non-cash charge, however, and highly dependent on our share price at the time
of equity
award grants, we believe that it is useful for investors and analysts to see certain financial measures excluding the impact
of these charges in order to obtain a clearer picture
of our operating
performance.
Recognizing outstanding employee
performance can be done in different ways, from a formal
award to praise during one
of the regular conversations Walter recommends.
Meanwhile, Netflix also chipped away at the dominance
of the Hollywood establishment as Kevin Spacey walked away with the
award for best
performance in a TV drama for his role as the scheming Francis Underwood in the political series «House
of Cards».
Based on
performance assessments, the CEO attends a meeting
of the Compensation Committee held for the purpose
of considering the individual executives» annual compensation and recommends the base salary and any incentive bonus
awards or long - term incentive
awards, if applicable, for each
of the executive officers, including the named executive officers.
The Plan permits grants
of the following types
of incentive
awards subject to such terms and conditions as the Leadership Development and Compensation Committee shall determine, consistent with the terms
of the Plan: (1) stock options, including stock options intended to qualify as ISOs, (2) other stock - based
awards, including in the form
of stock appreciation rights, phantom stock, restricted stock, restricted stock units,
performance shares, deferred share units or share - denominated
performance units, and (3) cash
awards.
The plan administrator may
award stock grants with time - based vesting or vesting upon satisfaction
of performance goals and / or other conditions.
At Mr. Cook's request, the 2011 RSU
Award was modified in 2013 to put more than $ 123 million of the original grant date fair value of the award at risk, based on Apple's Relative TSR perform
Award was modified in 2013 to put more than $ 123 million
of the original grant date fair value
of the
award at risk, based on Apple's Relative TSR perform
award at risk, based on Apple's Relative TSR
performance.
In recognition
of those employers who understand the link between employee well - being and organizational
performance, the American Psychological Association will recognize 11 organizations at its seventh annual Psychologically Healthy Workplace
Awards in Washington, DC, on Saturday March 10.
The Leadership Development and Compensation Committee offered Larry and Sergey cash
awards in recognition
of their
performance in 2014, but as in previous years, they declined to receive cash bonuses.
The
performance goals upon which the payment or vesting of any Incentive Award (other than Options and stock appreciation rights) that is intended to qualify as Performance - Based Compensation depends shall relate to one or more of the following Performance Measures: market price of Capital Stock, earnings per share of Capital Stock, income, net income or profit (before or after taxes), economic profit, operating income, operating margin, profit margin, gross margins, return on equity or stockholder equity, total shareholder return, market capitalization, enterprise value, cash flow (including but not limited to operating cash flow and free cash flow), cash position, return on assets or net assets, return on capital, return
performance goals upon which the payment or vesting
of any Incentive
Award (other than Options and stock appreciation rights) that is intended to qualify as
Performance - Based Compensation depends shall relate to one or more of the following Performance Measures: market price of Capital Stock, earnings per share of Capital Stock, income, net income or profit (before or after taxes), economic profit, operating income, operating margin, profit margin, gross margins, return on equity or stockholder equity, total shareholder return, market capitalization, enterprise value, cash flow (including but not limited to operating cash flow and free cash flow), cash position, return on assets or net assets, return on capital, return
Performance - Based Compensation depends shall relate to one or more
of the following
Performance Measures: market price of Capital Stock, earnings per share of Capital Stock, income, net income or profit (before or after taxes), economic profit, operating income, operating margin, profit margin, gross margins, return on equity or stockholder equity, total shareholder return, market capitalization, enterprise value, cash flow (including but not limited to operating cash flow and free cash flow), cash position, return on assets or net assets, return on capital, return
Performance Measures: market price
of Capital Stock, earnings per share
of Capital Stock, income, net income or profit (before or after taxes), economic profit, operating income, operating margin, profit margin, gross margins, return on equity or stockholder equity, total shareholder return, market capitalization, enterprise value, cash flow (including but not limited to operating cash flow and free cash flow), cash position, return on assets or net assets, return on capital, return on invested
The primary elements
of each named executive officer's total compensation shown in the table are base salary, an annual cash incentive, and long - term equity
awards consisting
of time - based and
performance - based RSUs.
Subject to the terms and conditions set forth in the Plan, incentive
awards may be settled in cash or shares
of Class C capital stock and may be subject to
performance - based and / or service - based conditions.
One - third
of performance share
awards, which make up 50 %
of long - term incentive compensation, are tied to average return on invested capital over a three - year period.
Under the terms
of the LTICP, in addition to or in lieu
of stock options, we may
award, and have
awarded in selected situations for retention purposes or to address other competitive pressures, other types
of equity - based long - term compensation, including restricted stock, RSRs, stock
awards, stock appreciation rights,
performance shares, or
performance units.
These incentives are provided through the granting
of stock options, stock appreciation rights, restricted stock
awards, restricted stock units,
performance bonus
awards,
performance shares and
performance units.
In addition, the vesting features
of our equity
awards contributes to executive retention because this feature provides an incentive to our named executive officers to remain in our employ during the scheduled vesting period or until the achievement
of the applicable
performance milestones, which are expected to be achieved over the medium - to long - term.
Also, if a majority
of the Board is comprised
of persons other than (i) persons for whose election proxies were solicited by the Board; or (ii) persons who were appointed by the Board to fill vacancies caused by death or resignation or to fill newly - created directorships («Board Change»), unless the Committee or Board determines otherwise prior to such Board Change, then participants immediately prior to the Board Change who cease to be employees or non-employee directors within six months after such Board Change for any reason other than death or permanent disability generally have their (i) options and stock appreciation rights become immediately exercisable and to the extent not canceled or cashed out, generally have at least six months to exercise such
awards; (ii) restrictions with respect to restricted stock and RSRs lapse and generally shares are delivered; and (iii)
performance shares and
performance units pay out pro rata based on
performance through the end
of the last calendar quarter before the time the participant ceased to be an employee.
As
of March 31, 2018, equity
awards outstanding under Salesforce equity plans were approximately: 24,905,926 stock options, no unvested restricted shares, 23,871,234 restricted stock units and 806,427
performance - based restricted stock units.
Although the Company's
performance for 2007 was in the top quartile compared to its Peer Group and met one of the alternative goals under the Performance Policy, the HRC considered in making its incentive award decisions the fact that the Company did not meet its EPS goal of $ 2.49 (2006 EPS, as originally reported) under the Performance Policy and therefore did not improve upon the EPS results of the
performance for 2007 was in the top quartile compared to its Peer Group and met one
of the alternative goals under the
Performance Policy, the HRC considered in making its incentive award decisions the fact that the Company did not meet its EPS goal of $ 2.49 (2006 EPS, as originally reported) under the Performance Policy and therefore did not improve upon the EPS results of the
Performance Policy, the HRC considered in making its incentive
award decisions the fact that the Company did not meet its EPS goal
of $ 2.49 (2006 EPS, as originally reported) under the
Performance Policy and therefore did not improve upon the EPS results of the
Performance Policy and therefore did not improve upon the EPS results
of the prior year.
Tax withholding obligations could be satisfied by withholding shares to be received upon exercise
of an option or stock appreciation right, the vesting
of restricted stock,
performance share, or stock
award, or the payment
of a restricted share right or
performance unit or by delivery to the Company
of previously owned shares
of common stock.
In August 2012, to create incentives for continued long - term success from the then - recently launched Model S program as well as from Tesla's then - planned Model X and Model 3 programs, and to further align executive compensation with increases in stockholder value, the Board granted to Mr. Musk a stock option
award to purchase 5,274,901 shares of Tesla's common stock (the «2012 CEO Performance Award»), representing 5 % of Tesla's total issued and outstanding shares at the time of g
award to purchase 5,274,901 shares
of Tesla's common stock (the «2012 CEO
Performance Award»), representing 5 % of Tesla's total issued and outstanding shares at the time of g
Award»), representing 5 %
of Tesla's total issued and outstanding shares at the time
of grant.
Meeting more than 12
of the 16 operational milestones will not result in any additional vesting or other compensation to Mr. Musk under the 2018 CEO
Performance Award.
(d) «
Award» means, individually or collectively, a grant under the Plan
of Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units,
Performance Bonus
Awards,
Performance Units or
Performance Shares.
For example, in order to meet all 12 market capitalization milestones, Tesla will have to add approximately $ 600 billion to its market capitalization at the time
of the grant
of the 2018 CEO
Performance Award, and in order to satisfy all eight revenue - based operational milestones, Tesla would have to increase revenue by more than $ 163 billion from its 2017 annual revenue
of approximately $ 11.8 billion.
As discussed in the CD&A under «Compensation Components» and «Achieving Compensation Objectives — Pay for
Performance,» we have provided incentive compensation in the form of an annual cash incentive award based on Company, business line and individual qualitative performance results for each fiscal year, and long - term incentive compensation generally in the form of stock option grants and, in certain circumstances, RSRs to reward our SEOs for contribution to growth in long - term stockho
Performance,» we have provided incentive compensation in the form
of an annual cash incentive
award based on Company, business line and individual qualitative
performance results for each fiscal year, and long - term incentive compensation generally in the form of stock option grants and, in certain circumstances, RSRs to reward our SEOs for contribution to growth in long - term stockho
performance results for each fiscal year, and long - term incentive compensation generally in the form
of stock option grants and, in certain circumstances, RSRs to reward our SEOs for contribution to growth in long - term stockholder value.
Our Bonus Plan allows our compensation committee to provide incentive
awards (payable in cash or grants
of equity
awards) to selected employees, including our named executive officers, based upon
performance goals established by our compensation committee.
Under the Bonus Plan, our compensation committee, in its sole discretion, determines the
performance goals applicable to
awards, which goals may include, without limitation: attainment
of research and development milestones, sales bookings, business divestitures and acquisitions, cash flow, cash position, earnings (which may include any calculation
of earnings, including but not limited to earnings before interest and taxes, earnings before taxes, earnings before interest, taxes, depreciation and amortization and net earnings), earnings per share, net income, net profit, net sales, operating cash flow, operating expenses, operating income, operating margin, overhead or other expense reduction, product defect measures, product release timelines, productivity, profit, return on assets, return on capital, return on equity, return on investment, return on sales, revenue, revenue growth, sales results, sales growth, stock price, time to market, total stockholder return, working capital, and individual objectives such as MBOs, peer reviews, or other subjective or objective criteria.
This same mix
of performance - based and time - based
awards has been granted by the Committee for the past several years and reflects HP's primary emphasis on
performance driven compensation, with the time - based
awards providing a measure
of retention value, which is also an important component
of the overall executive compensation arrangement.