Condensed Consolidated Financial Statements (unaudited)
EX-10.25 6 f32404exv10w25.htm EXHIBIT 10.25 exv10w25
Exhibit 10.25
Summary of Compensation Payable to Named Executive Officers
Base Salary. The Compensation Committee (the Committee) of the Board of Directors of Yahoo! Inc. (Yahoo!) has previously approved the annual base salaries of Yahoo!s Named Executive Officers identified in Yahoo!s Proxy Statement filed with the Securities and Exchange Commission on April 30, 2007 who are currently employed by Yahoo!, of Yahoo!s principal executive officer, and of Yahoo!s principal financial officer (together, the Named Executive Officers). The following table shows the current annualized base salary rate for 2007 for each of the Named Executive Officers:
Name and Principal Position | Salary | |||
Jerry Yang Chief Executive Officer and Chief Yahoo | $ | 1 | ||
Susan Decker President | $ | 500,000 | ||
Blake Jorgensen Chief Financial Officer | $ | 450,000 | ||
Michael J. Callahan Executive Vice President, General Counsel and Secretary | $ | 360,000 |
Bonus. In addition to receiving base salary, Yahoo!s Named Executive Officers are also generally eligible to receive an annual bonus.
For each of 2007 through 2009, Ms. Decker will be eligible to receive an annual target cash bonus of $1 million. Mr. Jorgensen is eligible to receive an annual target cash bonus of 100% of his base salary for the year. Mr. Callahan is also generally eligible to receive an annual bonus. In each case, the amount of an executives annual bonus, if any, will be determined by the Committee based on the executives and Yahoo!s performance for the relevant year.
Long-Term Incentives. The Named Executive Officers are also eligible to receive equity-based incentives and other awards from time to time in the discretion of the Committee. Equity-based incentives granted by Yahoo! to the Named Executive Officers are reported on Form 4 filings with the Securities and Exchange Commission.