MERITOR, INC. - FORM 10-K - EX-10.B-6 - DESCRIPTION OF PERFORMANCE GOALS - November 24, 2010

Attached files

file filename
10-K - ANNUAL REPORT - MERITOR, INC.arvinmeritor_10k.htm
EX-24 - POWER OF ATTORNEY - MERITOR, INC.exhibit24.htm
EX-21 - LIST OF SUBSIDIARIES OF ARVINMERITOR, INC. - MERITOR, INC.exhibit21.htm
EX-31.A - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(A) - MERITOR, INC.exhibit31-a.htm
EX-23.C - CONSENT OF BATES WHITE LLC - MERITOR, INC.exhibit23-c.htm
EX-32.B - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13A-14(B) - MERITOR, INC.exhibit32-b.htm
EX-23.A - CONSENT OF VERNON G. BAKER, II, ESQ., SENIOR VICE PRESIDENT AND GENERAL COUNSEL - MERITOR, INC.exhibit23-a.htm
EX-31.B - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13A-14(A) - MERITOR, INC.exhibit31-b.htm
EX-32.A - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(B) - MERITOR, INC.exhibit32-a.htm
EX-23.B - CONSENT OF DELOITTE & TOUCHE LLP - MERITOR, INC.exhibit23-b.htm
EX-10.D - DESCRIPTION OF COMPENSATION OF NON-EMPLOYEE DIRECTORS - MERITOR, INC.exhibit10-d.htm
EX-10.B-7 - DESCRIPTION OF ANNUAL INCENTIVE GOALS - MERITOR, INC.exhibit10b-7.htm
EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - MERITOR, INC.exhibit12.htm

Exhibit 10b-6
 
DESCRIPTION OF PERFORMANCE GOALS
ESTABLISHED IN CONNECTION WITH 2011 FISCAL YEAR OF
LONG-TERM INCENTIVE PLANS
 
     The Compensation and Management Development Committee of the Board of Directors of ArvinMeritor, Inc. (“ArvinMeritor”), established a cash performance plan for the three-year performance period ending September 30, 2013 (the “2013 Plan”), and also established targets for the 2011 fiscal year of the cash performance plan for the three year performance period ending September 30, 2011 (the “2011 Plan”) and the cash performance plan for the three year performance period ending September 30, 2012 (the “2012 Plan”), under Section 13 of the 2010 Long-Term Incentive Plan or, in the case of the 2011 Plan, the 2007 Long-Term Incentive Plan. Performance goals for each of the performance plans are based on three one-year targets, which are set at the end of the year for the following year. For the 2011 fiscal year of the 2011 Plan, the 2012 Plan and the 2013 Plan, these targets are based on a targeted Adjusted EBITDA margin that is set at the beginning of the applicable year. For the 2011 Plan, participants can earn from 0% to 200% of his target award, based on actual performance against specified levels. Payouts are also multiplied by the percentage change in the price of ArvinMeritor common stock over the three-year performance period, which may increase the payment finally awarded up to a maximum of 200% of the original amount or reduce it down to a minimum of 50% of the original amount. For the 2012 Plan and the 2013 Plan, participants can earn from 0% to 300% of his target award, based on actual performance against specified levels.
 
     At the end of the three year performance period, the total amount paid will be the sum of the percentages of target award earned for each year.
 

MERITOR, INC. Reports