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

Design

Feature

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

250%

80th – 89.99th Percentile

200%

70th – 79.99th Percentile

175%

60th – 69.99th Percentile

150%

55th – 59.99th Percentile

110%

50th – 54.99th Percentile

90%

45th – 49.99th Percentile

80%

35th – 44.99th Percentile

50%

30th – 34.99th Percentile

30%

< 30.00th Percentile