Pizza Hut 2010 Annual Report Download - page 61

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9MAR201101440694
China and Taco Bell Divisions, continued success in helping drive key new sales layers and for his
contribution to improving the information technology systems of the Company. Based on this
performance, the Committee approved a 150 Individual Performance Factor for Mr. Carucci.
For Mr. Su, the Committee determined that his overall individual performance for 2010 was
significantly above target based upon the China Division significantly exceeding its profit, sales growth,
development and customer satisfaction plans, including continued development of new restaurant
concepts. Based on this performance, the Committee approved a 150 Individual Performance Factor for
Mr. Su.
For Mr. Allan, the Committee determined that his overall individual performance for 2010 was above
target based upon the International Division’s continued strong restaurant development, expanding sales
layers and laying the foundation for emerging market growth, as well as Mr. Allan’s strong leadership in
maintaining positive system sales growth in a tough economic environment. Based on this performance, the
Committee approved a 130 Individual Performance Factor for Mr. Allan.
For Mr. Bergren, the Committee determined that his overall individual performance for 2010 was
significantly above target based upon Pizza Hut U.S. significantly improving year over year sales and profit
growth, as well as his leadership in reshaping the business through improved value, increasing weekday
business and improvements in home delivery execution. Based on this performance, the Committee
approved a 150 Individual Performance Factor for Mr. Bergren.
Application of Annual Incentive Program Formula to NEOs
Based on the Committee’s determinations as described above, the following table sets forth the
annual incentive formula and the calculation of annual incentive for each NEO.
Team Individual
Annual Bonus Performance Performance
Formula: Base Salary ⍥Target % ⍥Factor ⍥Factor = Bonus Award
Novak $1,400,000 ǂ160% ǂ156% ǂ145% = $5,066,880
Proxy Statement
Carucci $715,000 ǂ95% ǂ156% ǂ150% = $1,589,445
Su $815,000 ǂ115% ǂ187% ǂ150% = $2,628,986
Allan $815,000 ǂ115% ǂ117% ǂ130% = $1,425,557
Bergren $650,000 ǂ85% ǂ165% ǂ150% = $1,367,438
Note: Messrs. Allan, Su and Bergren’s team performance factor is based on 75% of their Division team
performance factor and 25% of the consolidated Yum team performance factor. Mr. Novak’s
performance is discussed beginning on page 44.
42