Annual Bonus (audited)
The annual bonus program is referred
to as the Management Incentive Plan. Details of the performance measures and targets for Mr. Donalds annual bonus in respect of fiscal 2018 are included in Part I. As in previous years, the selected performance measure was Corporation
Operating Income and application of this measure in accordance with the 2018 Policy focuses Mr. Donald on achieving appropriate performance results as reflected by income from the operations of Carnival Corporation & plc as well as
other relevant measures.
Mr. Arison does not participate in
our performance-based annual bonus program.
Annual bonus for
Executive Directors who served throughout fiscal 2018 were as follows:
Mr. Donald $4,689,000 representing a bonus outcome of 156.3% of target
Mr. Arison Nil
This outcome did not involve the exercise of any discretionary
adjustments (up or down) to Mr. Donalds individual annual bonus amount.
Additionally, Mr. Donald is eligible, depending on service, to participate in an all-employee profit sharing
arrangement as further detailed in the section on pensions below.
Fiscal 2019 Annual Bonus Performance measures and targets (not audited)
For fiscal 2019, the key performance measure will again be
Corporation Operating Income.