Staples 2013 Annual Report Download - page 49

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40
The table below sets forth the level of goal achievement for fiscal 2013, along with the target award for the three-year
performance period for each NEO.
Named Executive Officer
3 Year Performance Period
Achievement
(2013 - 2015) Target Award ($) Target Award (Shares)
2013
(RONA%
and Sales
Growth)
2014 2015
Ronald L. Sargent 49.74% * * $ 8,225,000 624,526
Christine T. Komola 49.74% * * $ 1,549,800 117,677
Joseph G. Doody 49.74% * * $ 2,169,100 164,701
Demos Parneros 49.74% * * $ 2,169,100 164,701
John Wilson 49.74% * * $ 1,518,475 115,299
*Achievement against 2014 goals and 2015 goals will be determined by the Committee in March 2015 and March 2016,
respectively.
Long Term Cash Awards
Prior to 2013, our NEOs were granted opportunities to earn long term cash awards under our Amended and Restated
Long Term Cash Incentive Plan. In March 2013, the Committee granted a one-time 2013-2014 performance-based long term
cash award to certain officers of the company, including the NEOs other than Mr. Wilson, in recognition that the three year
cumulative RONA goal under the outstanding 2012-2014 long term cash award was highly unlikely to be achieved as it no
longer represented the company’s priorities due to the strategic reinvention plan. The 2013-2014 long term cash award
incorporates performance goals that are more reflective of our current strategy.
2013-2014 Long Term Cash Award. For the 2013-2014 long term cash award, one half of the target award is applied
as a target amount for each of the two fiscal years within the performance cycle and goals are established annually. At the end
of the two year period, the Committee will certify results based on performance in each of the two fiscal years, and cash awards
will be paid in accordance with goal achievement. The approved 2013 performance metrics, weightings and goals for the
2013-2014 award are the same as the goals (RONA% and sales growth) approved for the 2013-2015 performance shares.