2009 Motorola Incentive Plan Performance Measures Agreement
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Summary
This agreement outlines the performance measures for Motorola's 2009 Incentive Plan, covering the period from January 1 to December 31, 2009. It specifies how Controllable Free Cash Flow and Operating Earnings are calculated for incentive purposes, detailing certain exclusions and adjustments to standard GAAP calculations. The document is intended to guide the assessment of employee performance and related incentive payouts for the specified year.
EX-10.2 3 c50170exv10w2.htm EX-10.2 EX-10.2
Exhibit 10.2
2009 Motorola Incentive Plan | ||
Performance Period | January 1, 2009 through December 31, 2009 | |
Performance Measures | Controllable Free Cash Flow: Operating Cash Flow calculated according to GAAP, excluding cash flow related to (i) income taxes, (ii) non-operating income or expense, and (iii) unallocated incentive and function costs, less Capital Expenditure. (Capital Expenditure is defined as the original cost of acquiring property, plant and equipment, as reported in the investing section of the cash flow statement per GAAP). | |
Operating Earnings: calculated according to GAAP, excluding the effect of the following items: (i) reorganization, asset impairment, extraordinary, unusual and/or non-recurring items of gain or loss, separately identified in the Companys quarterly earnings press releases; (ii) changes in tax or accounting regulations or laws: (iii) the effect of discontinued operations; (iv) the effect of a significant merger or acquisition; and (v) expenses related to the issuance of employee stock options and MOTshare, intangible amortization, and unallocated incentive and function costs. |
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