Apple 1995 Annual Report Download - page 54

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FINANCIAL PERFORMANCE MEASUREMENTS
Corporate Performance Measurements
Corporate Performance Measurements will be Units, Return On Capital Employed (ROCE) and Net Inventory Turns. If the threshold is met, it
will be multiplied by a percentage from 50% through 175% depending on Corporate Performance. If the threshold is not met, there will be no
payout for that performance segment.
The bonus payouts at various achievements against plan for the Units, ROCE and Net Inventory Turns segments are shown in the tables below.
Actual payouts between those shown will be calculated on any actual incremental % achievement against plan.
Units Segment
This segment will measure quanity of Units achieved to Plan. The minimum threshold percent against plan is 98.8%. When the minimum
threshold is reached, a bonus is paid equal to 50% of the Units bonus target. When 100% of the target is reached, a bonus equal to 100% of the
Units portion of the target bonus is payable. At 105.5% of the Units target, the bonus payable equals 175% of the Units portion of the target
bonus. Actual payouts may, therefore, range from 0% to a maximum of 175% of the Units portion of the target bonus.
PAYOUT TABLE: UNITS
ROCE Segment
This segment will measure Return On Capital Employed achieved to Plan. The minimum threshold percent against plan is 90%. When the
minimum threshold is reached, a bonus is paid equal to 50% of the ROCE bonus target. When 100% of the target is reached, a bonus equal to
100% of the ROCE portion of the target bonus is payable. At 140% of the ROCE target, the bonus equals 175% of the ROCE portion of the
target bonus. Actual payouts may, therefore, range from 0% to a maximum of 175% of the ROCE portion of the target bonus.
51
% to % Bonus % per each
Plan Payout Point
MAXIMUM 105.5% 175% 11.36%
103.3% 150% 15.15%
PLAN 100.0% 100% Accelerator
Decelerator
THRESHOLD 98.8% 50% 41.67%
less 0%
than 98.8%