Motorola Solutions, Inc. 2011-2013 LRIP Terms
Exhibit 10.3
Motorola Solutions, Inc.
2011-2013 LRIP Terms
Design Feature | 2011-2013 LRIP | |||
Eligible Population | CVP and above | |||
Performance Cycle | Three years from 2011-2013 | |||
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 first three months of the Performance Cycle = Total value created ÷ Beginning share price Daily average during the first three months of the Performance Cycle = Total shareholder return
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Negative TSR Component | If the resulting TSR performance for Motorola Solutions is negative, the Committee will have negative discretion to reduce the final payout up to a 25% reduction of the calculated payout.
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Comparator Group | Danaher Corp. (DHR) | L-3 Communications Holdings Inc. (LLL) | ||
Emerson Electric Co. (EMR) | NCR Corp. (NCR) | |||
FLIR Systems, Inc. (FLIR) | Raytheon Co. (RTN) | |||
Harris Corp. (HRS) | Rockwell Collins Inc. (COL) | |||
Honeywell International Inc. (HON) | Trimble Navigation Limited (TRMB) | |||
Intermec, Inc. (IN) | Tyco Electronics, Ltd. (TEL) | |||
ITT Corporation (ITT) | Tyco International Ltd. (TYC) | |||
Juniper Networks, Inc. (JNPR) | Zebra Technologies Corp. (ZBRA) | |||
Payout Scale | Payout Scale (16 Comparator Companies): |
TSR Rank | Payout Factor | |||||||
1 | 200% | |||||||
2 | 185% | |||||||
3 | 170% | |||||||
4 | 155% | |||||||
5 | 140% | |||||||
6 | 130% | |||||||
7 | 120% | |||||||
8 | 110% | |||||||
9 | 100% | |||||||
10 | 75% | |||||||
11 | 50% | |||||||
12 | 25% | |||||||
13 | 0% | |||||||
14 | 0% | |||||||
15 | 0% | |||||||
16 | 0% | |||||||
17 | 0% |
A comparator company must be publically traded on or after July 1, 2012, to be included in the TSR rank among other companies at the end of the performance cycle. |
1
In the event a comparator company stops being publically traded before July 1, 2012, the company will be excluded from the TSR rank at the end of the performance cycle and the payout scale will be adjusted as follows:
2