Pizza Hut 2008 Annual Report Download - page 108
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23MAR200920294881
(h) ‘‘Grant Date’’ with respect to any Award for any Participant means the date on which the
Award is granted to the Participant in accordance with subsection 2.1.
(i) ‘‘Participant’’ means an Eligible Employee who is selected by the Committee to receive one
or more Awards under the Plan.
(j) ‘‘Performance-Based Compensation’’ means amounts satisfying the applicable requirements
imposed by section 162(m) of the Internal Revenue Code of 1986, as amended, and the regulations
thereunder, with respect to that term.
(k) ‘‘Performance Period’’ with respect to any Award means the period over which achievement
of performance goals is to be measured, as established by the Committee at or prior to the Grant Date
of the Award.
(l) ‘‘Person’’ shall have the meaning given in Section 3(a)(9) of the Exchange Act of 1934, as
amended, as modified and used in Section 13(d) and 14(d) thereof, except that such term shall not
include (i) the Company or any of its Affiliates, (ii) a trustee or other fiduciary holding securities
under an employee benefit plan of the Company or any of its Subsidiaries, (iii) an underwriter
temporarily holding securities pursuant to an offering of such securities, or (iv) a corporation owned,
directly or indirectly, by the shareholders of the Company in substantially the same proportions as
their ownership of stock of the Company.
(m) ‘‘Subsidiary’’ means any corporation partnership, joint venture or other entity during any
period in which at least a fifty percent voting or profits interest is owned, directly or indirectly, by the
Company (or by any entity that is a successor to the Company), and any other business venture
designated by the Committee in which the Company (or any entity that is a successor to the Company)
has a significant interest, as determined in the discretion of the Committee.
(n) ‘‘Target Amount’’ means the percentage of a Participant’s base salary for a Performance
Period as established by the Committee pursuant to subsection 2.1.
Proxy Statement
A-6