Amendment to Fiscal Year 2005 Worldwide Incentive Compensation Plan
This amendment updates the company's Worldwide Incentive Compensation Plan for fiscal year 2005 and provides revised financial performance funding grids for Q4 2005 and all quarters of 2006. The grids determine incentive compensation funding based on company-wide financial metrics such as net revenue and earnings per share. Certain details have been omitted for confidentiality. The amendment is intended to be read alongside a previous exhibit referenced in the company's SEC filings.
EXHIBIT 10.18
REVISED Q4 2005 Company-wide Financial Performance ICP Funding Grid
| Net Revenue | Pro-forma Fully Diluted Earnings Per Share | ||||||||||||||||||||||||||
| <* | * | * | * | * | * | * | * | > * | |||||||||||||||||||
| > *M | * | % | * | % | * | % | * | % | 100 | % | * | % | * | % | * | % | * | % | |||||||||
| *M | * | % | * | % | * | % | * | % | 100 | % | * | % | * | % | * | % | * | % | |||||||||
| *M | * | % | * | % | * | % | * | % | 100 | % | * | % | * | % | * | % | * | % | |||||||||
| *M | 0 | % | 35 | % | 53 | % | 76 | % | 100 | % | 105 | % | 110 | % | 115 | % | 120 | % | |||||||||
| *M | * | % | * | % | * | % | * | % | 85 | % | * | % | * | % | * | % | * | % | |||||||||
| *M | * | % | * | % | * | % | * | % | 67 | % | * | % | * | % | * | % | * | % | |||||||||
| *M | * | % | * | % | * | % | * | % | 50 | % | * | % | * | % | * | % | * | % | |||||||||
| < *M | * | % | * | % | * | % | * | % | 0 | % | * | % | * | % | * | % | * | % | |||||||||
Note: This amended Q4 2005 grid and the fiscal year 2006 grid should be read in conjunction with Exhibit 10.17, included in the Form 10-Q filed on May 10, 2005.
Note: * indicates material that has been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.
Q1 2006 Company-wide Financial Performance ICP Funding Grid
| Net Revenue (M) | Pro-forma Fully Diluted Earnings Per Share | ||||||||||||||||||||||||||
| <* | * | * | * | * | * | * | * | > * | |||||||||||||||||||
| > * | * | % | * | % | * | % | * | % | 100 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 100 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 100 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 100 | % | * | % | * | % | * | % | * | % | |||||||||
| * | 0 | % | 35 | % | 53 | % | 76 | % | 100 | % | 105 | % | 110 | % | 115 | % | 120 | % | |||||||||
| * | * | % | * | % | * | % | * | % | 92 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 75 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 67 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 50 | % | * | % | * | % | * | % | * | % | |||||||||
| < * | * | % | * | % | * | % | * | % | 0 | % | * | % | * | % | * | % | * | % | |||||||||
| Q2 2006 Company-wide Financial Performance ICP Funding Grid | |||||||||||||||||||||||||||
| Net Revenue (M) | Pro-forma Fully Diluted Earnings Per Share | ||||||||||||||||||||||||||
| <* | * | * | * | * | * | * | * | > * | |||||||||||||||||||
| > * | * | % | * | % | * | % | * | % | 100 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 100 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 100 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 100 | % | * | % | * | % | * | % | * | % | |||||||||
| * | 0 | % | 35 | % | 53 | % | 76 | % | 100 | % | 105 | % | 110 | % | 115 | % | 120 | % | |||||||||
| * | * | % | * | % | * | % | * | % | 92 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 75 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 67 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 50 | % | * | % | * | % | * | % | * | % | |||||||||
| < * | * | % | * | % | * | % | * | % | 0 | % | * | % | * | % | * | % | * | % | |||||||||
| Q3 2006 Company-wide Financial Performance ICP Funding Grid | |||||||||||||||||||||||||||
| Net Revenue (M) | Pro-forma Fully Diluted Earnings Per Share | ||||||||||||||||||||||||||
| <* | * | * | * | * | * | * | * | > * | |||||||||||||||||||
| > * | * | % | * | % | * | % | * | % | 100 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 100 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 100 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 100 | % | * | % | * | % | * | % | * | % | |||||||||
| * | 0 | % | 35 | % | 53 | % | 76 | % | 100 | % | 105 | % | 110 | % | 115 | % | 120 | % | |||||||||
| * | * | % | * | % | * | % | * | % | 92 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 75 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 67 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 50 | % | * | % | * | % | * | % | * | % | |||||||||
| < * | * | % | * | % | * | % | * | % | 0 | % | * | % | * | % | * | % | * | % | |||||||||
| Q4 2006 Company-wide Financial Performance ICP Funding Grid | |||||||||||||||||||||||||||
| Net Revenue (M) | Pro-forma Fully Diluted Earnings Per Share | ||||||||||||||||||||||||||
| <* | * | * | * | * | * | * | * | > * | |||||||||||||||||||
| > * | * | % | * | % | * | % | * | % | 100 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 100 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 100 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 100 | % | * | % | * | % | * | % | * | % | |||||||||
| * | 0 | % | 35 | % | 53 | % | 76 | % | 100 | % | 105 | % | 110 | % | 115 | % | 120 | % | |||||||||
| * | * | % | * | % | * | % | * | % | 92 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 75 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 67 | % | * | % | * | % | * | % | * | % | |||||||||
| * | * | % | * | % | * | % | * | % | 50 | % | * | % | * | % | * | % | * | % | |||||||||
| < * | * | % | * | % | * | % | * | % | 0 | % | * | % | * | % | * | % | * | % | |||||||||
Note: * indicates material that has been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.
