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Quotes & Info
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| ZBRA > SEC Filings for ZBRA > Form 8-K on 25-Feb-2009 | All Recent SEC Filings |
25-Feb-2009
Change in Directors or Principal Officers
As previously disclosed, under the 2009 Zebra Incentive Plan (the "2009 Plan") of Zebra Technologies Corporation (the "Company"), each participant is eligible for an incentive award based on two incentive performance components - one is a financial performance component consisting of one or more financial performance goals of the Company and/or, if applicable, of the participant's assigned business unit, and the other is a second component consisting of one or more other performance goals (the "Personal Performance Goals").
On February 24, 2009, the Compensation Committee of the Board of Directors of the Company determined that the Personal Performance Goals for the Company's executive officers (including Anders Gustafsson, Michael C. Smiley, Hugh K. Gagnier, Philip Gerskovich and Michael H. Terzich) shall consist of specific levels of Return on Invested Capital for the 2009 fiscal year. For this purpose, Return on Invested Capital is defined as NOPAT for 2009 divided by Invested Capital where:
• NOPAT (Net Operating Profit After Tax) = Income From Operations x
(1-budget tax rate)
• Invested Capital = total assets less cash and cash equivalents, current and long-term investments and marketable securities, and non-interest-bearing current liabilities, and which is calculated as the average Invested Capital reflected on the five balance sheets for the end of the following quarters: Q4 2008, Q1 2009, Q2 2009, Q3 2009 and Q4 2009.
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