2021-2023 Performance Measures under the Motorola Solutions Long Range Incentive Plan (LRIP), as approved on February 11, 2021

EX-10.5 6 msiex105q12021.htm EX-10.5 Document
Exhibit 10.5

Motorola Solutions, Inc.
2021-2023 Long Range Incentive Plan (LRIP) Terms
As Approved by the Compensation and Leadership Committee On February 11, 2021

2021-2023 LRIP
Performance Cycle
Three years from January 1, 2021 through December 31, 2023
Eligible Population
Corporate Vice Presidents and above
Performance Criteria
Relative Total Shareholder Return (TSR)
TSR Defined as:
Ending stock price
     (Daily average during the final three months of the Performance Cycle)
+ Value of reinvested dividends
= Total ending value
Beginning stock price
   (Daily average during the three months preceding the Performance Cycle)
= Total value created
÷ Beginning share price
   (Daily average during the three months preceding the Performance Cycle)
= Total shareholder return
Negative TSR Component
If the resulting TSR performance for Motorola Solutions is negative, the Committee will have full discretion to reduce the final calculated payout.
Comparator Group
S&P 500 defined as companies in the S&P 500 at the beginning of the performance period; must be publically traded on or after July 1, 2022 to be included in the TSR percentile calculation at the end of the performance cycle.
Payout Scale
Relative TSR Payout Scale
MSI 3-Year TSR
Percentile Rank
Payout Factor
90th – 100th Percentile
80th – 89.99th Percentile
70th – 79.99th Percentile
60th – 69.99th Percentile
55th – 59.99th Percentile
50th – 54.99th Percentile
45th – 49.99th Percentile
35th – 44.99th Percentile
30th – 34.99th Percentile
< 30.00th Percentile