The PRELIMINARY world-wide figures for FY15 are indicating that there is a potential for the company to have a 30% payout on the World wide incentive compensation grid. You should currently have your bonus accrual (for the World wide grid component) at the 20% payout level for FY15. Based upon the PRELIMINARY FY15 figures, we are asking that everyone increase their bonus accrual to a 30% payout on the Worldwide grid component.
With the tight year end closing window, we are asking everyone to have this completed as soon as possible, and no later than your close of business Friday, September 25th.
We have opened the Aug-15 period in Oracle.
Please notify Loni once you have made the adjustment and/or your new upload sheets (if applicable) are available.
Thank you and please let me know if you have any questions.