Apple 1994 Annual Report Download - page 65

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Please find page 65 of the 1994 Apple annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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Actual payouts between those shown above will be calculated on any actual incremental % achievement against plan and will be rounded to
two decimal places.
- -For each segment, when the minimum threshold is reached, a bonus is paid equal to 45% of the bonus target.
- -For the PTOP segment, when 100% of the target is achieved, a bonus equal to 95% of this segment's target bonus is payable. At 116% of
target, the bonus equals 175% of this segment's target bonus.
- -For the ROCE segment, when 100% of the target is achieved, a bonus equal to 100% of this segment's target bonus is payable. At 115% of
target, the bonus equals 175% of this segment's target bonus.
- -Actual payouts may, therefore, range from 0% to a maximum of 175% for each segment of the target bonus.
- -Any exceptions to using these performance measurements must be approved by the Senior Vice President of Human Resources.
Those Divisions, Groups and Positions which are measured on Corporate Performance Measurements only are as follows:
The following specific Performance Measurements will be used by the Divisions, Geographies or Markets.
- -- Pretax Operating Profit (PTOP)
- -- Return on Capital Employed (ROCE)
- -- Targeted Day Sales Outstanding (DSO) and Inventory Turns (IT)
- -- Revenue
- -- Units -The Units segment is further defined and weighted in the following categories:
-- 33% ABS
-- 34% PC Division
-- 33% Imaging
DIVISION PERFORMANCE MEASUREMENTS
Each of the following Divisions will have separate Division Performance Measurements. The weightings and measurements are as shown in
the following table.
62
Corp Bus.
Corporate Performance Measurements Payout
Corp CEO/SVP 60% PTOP
Executives VP/Director 40% ROCE Total Payout
ATG VP / 60% PTOP
Director 40% ROCE Total Payout
WWOPS SVP 60% PTOP
VP / 40% ROCE Total Payout
Director
AppleSoft VP 60% PTOP
Funct. 40% ROCE Total Payout