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2012/13 Annual Report Lenovo Group Limited 75
Long-Term Incentive Program
In February 2013, the Chairman/CEO and senior management received an annual award comprised of SARs and RSUs
under the LTI Program. Details of the grant as well as all outstanding awards for Executive and Non-executive Directors as
of March 31, 2013 under the LTI Program are set out in the Long-Term Incentives Schemes section of this report.
Fiscal Year 2012-13 Employees Review
Fixed Compensation
Each year management conducts a market review to ensure fixed compensation changes are aligned and competitive with
market trends. The review incorporates input from several external survey providers and formal assessments of individual
performance. Any approved market-based merit increases were effective from July 1, 2012.
Performance Bonus
Performance bonus for general employees is based on individual performance and performance of their respective
business unit or “Performance Group”. For fiscal year 2011/12, there were a total of 39 different Performance Groups
within the Company each with their unique performance metrics and targets. For the fiscal year 2012/13 performance
bonus, mid-year progress payment was made in December 2012, and full payment based on annual business outcomes
will be trued-up in June 2013 based on approved final bonus funding.
FINAL
BONUS
PAYOUT
Bonus
Target
Performance
Group Score
Individual
Performance
Modifi er
+
+
=
Performance Group scores may range from 0% to 300% based on final results against targets. Individual Performance
Modifiers range from 0% to 150% and are linked to the employee Performance Ratings and progress against established
Key Performance Indicators (KPIs).
Long-Term Incentive Program
For fiscal year 2012/13, 12% of eligible employees (excluding executive directors) received an award under the LTI
Program. These awards were granted in February 2013.
Emoluments of Directors for FY2012/13 and Five Highest Paid Individuals
Details of the emoluments of Directors and the five highest paid individuals are set out in note 11 to the financial
statements.