Vistaprint 2009 Annual Report Download - page 128
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Please find page 128 of the 2009 Vistaprint annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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• revenue
• revenue less cost of revenue
• gross profit
• operating expenses
• net income
• return on assets
• return on shareowners’ equity
• increase in cash flow
• operating profit
• revenue growth
• return on capital
• return on invested capital
• earnings before interest, taxes, depreciation and amortization
• operating income
• pre-tax operating income
If a participant is assigned a performance goal following the time at which performance goals are normally
established for the performance period due to placement in a position, or due to a change in position after the
start of the performance period, the performance period for such participant will be the portion of the original
performance period remaining. In such case, the Compensation Committee will develop in writing performance
goals for such participant before 25% of the performance period which applies to the participant elapses.
Determination and Payment of Awards. After the end of each applicable performance period, the
Compensation Committee will review the actual performance against the pre-established performance goals. The
Compensation Committee will certify in writing the extent, if any, to which the performance measures have been
met.
Awards are payable in cash as soon as practicable following the end of the applicable performance period,
but no later than the end of the next succeeding fiscal quarter following the end of the applicable performance
period.
Awards are subject to forfeiture until paid for reasons established in the plan or a related award agreement.
The Performance Incentive Plan provides that any payments made under the plan will be offset for any monies
that the Compensation Committee determines are owed by the participant to Vistaprint N.V. or any related
company.
Termination of Employment
Generally, a participant must be employed through the end of applicable performance period in order to
receive payment of an award for such performance period. If a participant dies or becomes disabled (within the
meaning of Section 22(e)(3) of the Code) during the performance period, the participant’s estate or the
participant is entitled to a prorated award. Any prorated amount would not be paid until the performance period
has ended and the Compensation Committee has certified the award. If a participant’s employment is terminated
during the performance period for reasons other than death or disability, the participant will not be eligible to
receive any payment under the Performance Incentive Plan unless both (i) the performance goals for such
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