The company said on February 6, 2024 that the Human Resources and Compensation Committee of its Board approved the adoption of a special long-term Outperformance Incentive Program. Executive officers and other senior leaders are eligible to participate.

1. 01

   The company said on February 6, 2024 that the Human Resources and Compensation Committee of its Board approved the adoption of a special long-term Outperformance Incentive Program. Executive officers and other senior leaders are eligible to participate.

2. 02

   The company said cash compensation under the program will be based on outsized revenue growth over a 3-year period from January 1, 2024 to December 31, 2026, and the cash value earned will range from 0% to 200% of target.

3. 03

   The company said no amount will accrue for a year if revenue achievement is not 25 basis points or more above the AIM Program maximum revenue target, or if Enterprise Organic Leverage is below 25%. Maximum payouts of 200% of target require revenue 200 basis points or more above the maximum target in all three years and Enterprise Organic Leverage of 25% or more in each year.

4. 04

   The company said the Committee approves individual award target values, funding is calculated annually, and all payouts are subject to Committee discretion and require continued employment through the end of the performance period. Exceptions apply in the case of death, disability or qualified retirement.

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Original filing

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