Definitions | Capitalized terms used in this Award Agreement have the meaning specified under the Plan, except as otherwise specified herein. |
Grant Date | December [•], 2011 |
Performance Period | The Performance Period is the Company's 2012 fiscal year. |
Performance Goals; Amount Payable Under this Award | The amount payable under this Award, if any, will be based on the extent to which the Company meets or exceeds the Performance Goals established by the Committee, which are as described in Appendix A, subject to the Committee's exercise of discretion under section 9.5(b) of the Plan. To be eligible to receive payment with respect to this Award, your Service must be continuous from the Grant Date through the Payment Date specified below. |
Payment Date | This Award shall be paid in cash no later than 30 calendar days after the Committee's written certification of the attainment of the Performance Goals and determination of the amount, if any, to be paid. |
Repayment Policy | By executing this Award Agreement, you acknowledge that any payment made with respect to this Award is subject to the QUALCOMM Incorporated Cash Incentive Compensation Repayment Policy (the “Repayment Policy”), a copy of which is attached to this Award Agreement and incorporated herein by reference. You hereby agree to be bound by the Repayment Policy. |
Terms of the Plan | This Award is subject to the terms and conditions of the Plan, which are incorporated herein by reference. In the event of any conflict between this Award Agreement and the terms of the Plan, then the terms of the Plan control. |
QUALCOMM Incorporated | |
Name: Daniel Sullivan | |
Title: EVP, Human Resources | |
Date: [Insert Date] |
Executive | ||
Name: | ||
Date: |
Attachments: | Appendix A |
Repayment Policy |
Base Salary | Bonus Target as a Percent of Base Salary | Threshold Award Amount (30% of Target Award Amount) | Target Award Amount | Maximum Award Amount (250% of Target Award Amount) |
1. | The Company fiscal 2012 financial Performance Measures and Performance Targets for purposes of determining the amount payable under this Award are as follows: |
Performance Measures | Performance Targets | |||
• | Non-GAAP revenues: | $ | 18,566,639 | |
• | Non-GAAP operating income: | $ | 6,967,868 |
2. | The weighted achievement ratio for Non-GAAP revenues will be the result of 0.40 multiplied by a fraction, the numerator of which is the reported Non-GAAP revenues for fiscal 2012, and the denominator of which is the fiscal 2012 Non-GAAP revenues objective stated above. |
3. | The weighted achievement ratio for Non-GAAP operating income will be the result of 0.60 multiplied by a fraction, the numerator of which is the reported Non-GAAP operating income for fiscal 2012, and the denominator of which is the fiscal 2012 Non-GAAP operating income objective stated above. |
4. | The resulting weighted achievement ratios for Non-GAAP revenues and Non-GAAP operating income will then be summed (the “Weighted Achievement Ratio”) and the “Incentive Multiple” will be calculated according to the schedule set forth below: |
Potential Payout Level | Weighted Achievement Ratio | Incentive Multiple |
Maximum | 1.50 and above | 2.50 |
1.10 | 1.74 | |
Target | 1.00 | 1.00 |
0.95 | 0.63 | |
Threshold | 0.80 | 0.30 |
Below 0.80 | 0.00 |
5. | The amount payable under this Award shall be the result of the Target Award Amount multiplied by the Incentive Multiple determined in step 4 above. |
Definitions | Capitalized terms used in this Award Agreement have the meaning specified under the Plan, except as otherwise specified herein. |
Grant Date | December [•], 2011 |
Performance Period | The Performance Period is the Company's 2012 fiscal year. |
Performance Goals; Amount Payable Under this Award | The amount payable under this Award, if any, will be based on the extent to which the Company meets or exceeds the Performance Goals established by the Committee, which are as described in Appendix A, subject to the Committee's exercise of discretion under section 9.5(b) of the Plan. To be eligible to receive payment with respect to this Award, your Service must be continuous from the Grant Date through the Payment Date specified below. |
Payment Date | This Award shall be paid in cash no later than 30 calendar days after the Committee's written certification of the attainment of the Performance Goals and determination of the amount, if any, to be paid. |
Repayment Policy | By executing this Award Agreement, you acknowledge that any payment made with respect to this Award is subject to the QUALCOMM Incorporated Cash Incentive Compensation Repayment Policy (the “Repayment Policy”), a copy of which is attached to this Award Agreement and incorporated herein by reference. You hereby agree to be bound by the Repayment Policy. |
Terms of the Plan | This Award is subject to the terms and conditions of the Plan, which are incorporated herein by reference. In the event of any conflict between this Award Agreement and the terms of the Plan, then the terms of the Plan control. |
QUALCOMM Incorporated | |
Name: Daniel Sullivan | |
Title: EVP, Human Resources | |
Date: [Insert Date] |
Executive | ||
Name: | ||
Date: |
Attachments: | Appendix A |
Repayment Policy |
Base Salary | Bonus Target as a Percent of Base Salary | Threshold Award Amount (30% of Target Award Amount) | Target Award Amount | Maximum Award Amount (250% of Target Award Amount) |
1. | The Company fiscal 2012 fiscal 2012 financial Performance Measures and Performance Targets for purposes of determining the amount payable under this Award are as follows: |
Performance Measures | Performance Targets | |||
• | Non-GAAP revenues: | $ | 18,566,639 | |
• | Non-GAAP operating income: | $ | 6,967,868 |
2. | The weighted achievement ratio for Non-GAAP revenues will be the result of 0.40 multiplied by a fraction, the numerator of which is the reported Non-GAAP revenues for fiscal 2012, and the denominator of which is the fiscal 2012 Non-GAAP revenues objective stated above. |
3. | The weighted achievement ratio for Non-GAAP operating income will be the result of 0.60 multiplied by a fraction, the numerator of which is the reported Non-GAAP operating income for fiscal 2012, and the denominator of which is the fiscal 2012 Non-GAAP operating income objective stated above. |
4. | The resulting weighted achievement ratios for Non-GAAP revenues and Non-GAAP operating income will then be summed (the “Weighted Achievement Ratio”) and the “Incentive Multiple” will be calculated according to the schedule set forth below: |
Potential Payout Level | Weighted Achievement Ratio | Incentive Multiple |
Maximum | 1.50 and above | 2.50 |
1.10 | 1.74 | |
Target | 1.00 | 1.00 |
0.95 | 0.63 | |
Threshold | 0.80 | 0.30 |
Below 0.80 | 0.00 |
5. | The amount payable under this Award shall be the result of the Target Award Amount multiplied by the Incentive Multiple determined in step 4 above. |