AbbVie 2012 Annual Report Download - page 135
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Please find page 135 of the 2012 AbbVie annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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Going forward, all of AbbVie’s named executive officers will participate in the Incentive Stock
Program, subject to stockholder approval of this plan (see Item 5 on the proxy card). Beginning with its
first annual grant in 2013, AbbVie’s policy with respect to its annual equity award for all eligible
employees, including the named executive officers, is to grant the award and set the grant price at the
same time each year, at the Committee’s regularly scheduled February meeting. These meeting dates
generally are the third Thursday of February and are scheduled two years in advance.
Discussion of Performance Goals and Results for Each Named Executive Officer
Abbott’s payment of annual bonuses for 2012 to each of AbbVie’s named executive officers was
subject to the achievement of financial and other performance goals, which are described below with
respect to the 2012 fiscal year.
Financial Goals
Each officer carried a financial goal of Adjusted Diluted EPS that comprised 20 percent of his or
her total goals. In addition to EPS, most officers had other financial goals specific to their area of
responsibility. The process of determining annual bonus awards allows for discretion, since many goals
cannot be reduced to formulaic, numerical targets, or anticipated in advance. The following comprises
the financial goals, considered in the aggregate, in determining each named executive officer’s bonus.
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