Apple 1994 Annual Report Download - page 64

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CORPORATE PERFORMANCE MEASUREMENTS
- -Corporate Performance Measurements will be divided into two segments measuring Pretax Operating Profit (PTOP) and Return on Capital
Employed (ROCE) against plan targets.
- -The weighting is 60% for PTOP and 40% for ROCE. Each segment will be measured separately.
- -If the threshold is met in each category, it will be multiplied by a percentage from 45% through 175% depending on Corporate Performance
in that area. If the threshold is not met, there will be no payout for that performance segment.
- -The PTOP Segment will measure Pretax Operating Profit dollars achieved to Plan.
- -The ROCE Segment will measure the Net Operating Profit After Tax divided by the Average Capital Employed for the fiscal year as a
percent achieved to target.
- -The details of the payout of each segment are described below.
PTOP SEGMENT
ROCE SEGMENT
61
PTOP $'s to PLAN % Bonus
%Achievment Payout
116% 175% (Maximum)
115% 170%
110% 145%
105% 120%
100% 95% (Plan)
90% 80%
80% 65%
70% 50%
66.67% 45.5% (Threshold)
< 66.67% 0%
ROCE to PLAN % Bonus
% Achievment Payout
115% 175% (Maximum)
110% 150%
105% 125%
100% 100% (Plan)
97% 83.5%
95% 72.5%
93% 61.5%
90% 45% (Threshold)
< 90% 0%