EMC 2007 Annual Report Download - page 130

1.13 "Participant" means a person who is granted an Award under the Plan.
1.14 "Performance Award" means an Award granted by the Committee pursuant to Section 6.11.
1.15 "Performance Criteria" means any or any combination of the following areas of performance (determined either on a consolidated basis or, as the
context permits, on a divisional, subsidiary, line of business, geographical, project, product or individual basis or in combinations thereof): sales; revenues;
assets; expenses; income; profit margins; earnings before or after any deductions and whether or not on a continuing operations or an aggregate or per share
basis; return on equity, investment, capital or assets; inventory; organizational realignments; infrastructure changes; one or more operating ratios; borrowing
levels, leverage ratios or credit rating; market share; capital expenditures; cash flow; stock price; shareholder return; sales of products or services; customer
acquisition or retentions; acquisitions or divestitures (in whole or in part); joint ventures and strategic alliances; spin-offs, split ups and the like;
reorganizations; strategic investments or recapitalizations, restructurings, financings (issuance of debt or equity) or refinancings. Performance Criteria and any
Performance Goals with respect thereto need not be based upon any increase, a positive or improved result or avoidance of loss.
1.16 "Performance Goal" means an objectively determinable performance goal established by the Committee with respect to a given Performance
Award that relates to one or more Performance Criteria.
1.17 "Performance Period" means a time period (which may be subdivided into performance cycles of no less than three months) during which the
Performance Goals established in connection with Performance Awards must be met. Performance Periods shall, in all cases, exceed three (3) months in
length.
1.18 "Prior Plans" means the EMC Corporation 1985 Stock Option Plan, the EMC Corporation 1992 Stock Option Plan for Directors, the EMC
Corporation 1993 Stock Option Plan, and the EMC Corporation 2001 Stock Option Plan, collectively.
1.19 "Plan" means the EMC Corporation 2003 Stock Plan, as from time to time amended and in effect.
1.20 "Restricted Stock" means Common Stock that is subject to a risk of forfeiture or other restrictions that will lapse upon the satisfaction of specified
conditions.
1.21 "Restricted Stock Unit" means a right to receive Common Stock in the future, with the right to future delivery of the Common Stock subject to a
risk of forfeiture or other restrictions that will lapse upon the satisfaction of specified conditions.
1.22 "Service Relationship" means (a) for an employee of the Company or its Subsidiaries, such person's employment relationship with the Company
or its Subsidiaries, (b) for a consultant or advisor of the Company or its Subsidiaries, such person's consulting or advisory relationship with the Company or
its Subsidiaries, and (c) for an Eligible Director, such person's membership on the Board of Directors.
1.23 "Stock Appreciation Right" means a right entitling the holder upon exercise to receive shares of Common Stock having a value equal to the excess
of (i) the then value of the number of shares with respect to which the right is being exercised over (ii) the exercise price applicable to such shares.
1.24 "Stock Award" means an Award of Restricted Stock or Restricted Stock Units, or any combination thereof.
1.25 "Subsidiary" or "Subsidiaries" means a corporation or corporations in which the Company owns, directly or indirectly, stock possessing fifty
percent (50%) or more of the total combined voting power of all classes of stock.
1.26 "Ten Percent Shareholder" means any person who, at the time an Award is granted, owns or is deemed to own stock (as determined in accordance
with Sections 422 and 424 of the Code)