HP 2010 Annual Report Download - page 165
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Please find page 165 of the 2010 HP 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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Company 2005 Pay for Results Plan (the ‘‘PfR Plan’’) for the two full fiscal years’ prior to
termination of employment, (ii) a pro-rata annual cash bonus under the PfR Plan for the fiscal
year in which her termination occurs, (iii) payout on any performance-based restricted stock unit
awards based on actual performance as if she had remained employed during the entire
performance period, and (iv) the release of all restrictions and accelerated vesting of other
equity awards.
• In the event of a ‘‘qualifying termination’’ (as defined in the Agreement) of her employment
with HP during the term of the Agreement and within 12 months after a ‘‘change in control’’ of
HP (as defined in the Hewlett-Packard Company Amended and Restated 2004 Stock Incentive
Plan), Ms Lesjak will receive the same benefits described in the preceding paragraph except that
(i) the pro-rata annual cash bonus under the PfR Plan for the fiscal year in which her
termination occurs will be determined assuming continued accruals with respect to such bonus at
the rate in effect immediately prior to the change in control, and (ii) the payout on her
performance-based restricted stock unit awards will be determined assuming target performance
on all metrics for all uncompleted periods.
The foregoing summary of the Agreement does not purport to be complete and is qualified in its
entirety by reference to the Agreement, which is filed hereto as Exhibit 10(l)(l)(l) and is incorporated
herein by reference.
157