InterDigital Inc (IDCC)

[olddog967]

revlis: The change to a 3 1/2 cycle (Jul 1,2005 - Jan 1, 2009), only affected the LTIP cash award portion of the LTCP. The time based RSU portion of the cycle remained at 3 years (Jan 1, 2005 - Jan 1, 2008). As stated in the recent 8-K, it was the time based portion that was changed from Jan 1, 2008 to Jan 15, 2008, or only a 15 day change. You need a scorecard to keep track of all the machinations that they come up with (LOL)>

"The time-based RSUs, which were scheduled to vest on January 1, 2008, were
exchanged for RSUs that will vest, if at all, on January 15, 2008 based on the
attainment of pre-determined performance goals involving the completion of 3G
agreements having certain values and benefits to the Company."


I think I understand why the incentive was increased from 225% to 300% if 150% of the incentive goal was meant.

This from the proxy filing.

Long-term corporate performance (currently measured over a three and one-half year cycle and subsequently over three-year cycles) is used in awarding compensation to executives under the Company’s LTIP, as described below.

Perhaps the extra 1/2 year for the current incentive period was the reason to increase it from 225% to 300%.