EX-10.55 5 msiex10552013.htm EXHIBIT MSI EX 10.55 (2013)
        

Motorola Solutions, Inc.
2014-2016 LRIP Terms

Design Feature
2014-2016 LRIP
Performance Cycle
Three years from 2014-2016
Eligible Population
CVPs and above
Performance Criteria
Relative Total Shareholder Return (TSR)
TSR Defined as:
Ending stock price
   (Daily average during the final three months of the Performance Cycle)
+ Value of reinvested dividends
= Total ending value
Beginning stock price
   (Daily average during the three months preceding the Performance Cycle)
= Total value created
÷ Beginning share price
   (Daily average during the three months preceding the Performance Cycle)
= Total shareholder return

Negative TSR Component
If the resulting TSR performance for Motorola Solutions is negative, the Committee will have negative discretion to reduce the final payout up to a 25% reduction of the calculated payout.
Comparator Group
Agilent Technologies Inc.
 
NCR Corp.
 
Danaher Corp.
 
Parker-Hannifin Corp.
 
Dover Corp.
 
Raytheon Co.
 
Eaton Corp.
 
Rockwell Automation
 
Harris Corp.
 
Rockwell Collins, Inc.
 
Ingersoll-Rand PLC
 
TE Connectivity Ltd.
 
 
 
Tyco International Ltd.
Payout Scale


 
 
 
 
 
 
 
TSR Rank
 
Payout Factor
 
 
 
1
 
200%
 
 
 
2
 
180%
 
 
 
3
 
160%
 
 
 
4
 
140%
 
 
 
5
 
120%
 
 
 
6
 
110%
 
 
 
7
 
100%
 
 
 
8
 
75%
 
 
 
9
 
50%
 
 
 
10
 
25%
 
 
 
11
 
0%
 
 
 
12
 
0%
 
 
 
13
 
0%
 
 
 
14
 
0%
 


        

        

 


A comparator company must be publically traded on or after July 1, 2015, to be included in the TSR rank among other companies at the end of the performance cycle.

 

In the event a comparator company stops being publically traded before July 1, 2015, the company will be excluded from the TSR rank at the end of the performance cycle and the payout scale will be adjusted as follows:
 
 
Payout Scale With 12 Comparator Companies:

 
Payout Scale With 11 Comparator Companies:

 
TSR Rank
Payout Factor
 
TSR Rank
Payout Factor
 
1
200%
 
1
200%
 
2
180%
 
2
180%
 
3
160%
 
3
160%
 
4
140%
 
4
140%
 
5
120%
 
5
120%
 
6
110%
 
6
100%
 
7
100%
 
7
65%
 
8
65%
 
8
25%
 
9
25%
 
9
0%
 
10
0%
 
10
0%
 
11
0%
 
11
0%
 
12
0%
 
12
0%
 
13
0%
 
 
 
 
 
 
 
 
 
 
 

Payout Scale With 10 Comparator Companies:




 
 
 
TSR Rank
 
Payout Factor
 
 
 
1
 
200%
 
 
 
2
 
180%
 
 
 
3
 
160%
 
 
 
4
 
140%
 
 
 
5
 
120%
 
 
 
6
 
100%
 
 
 
7
 
65%
 
 
 
8
 
25%
 
 
 
9
 
0%
 
 
 
10
 
0%
 
 
 
11
 
0%