BEA Systems, Inc. FY08 Compensation Letter Agreement with William M. Klein
This letter from BEA Systems, Inc. to William M. Klein outlines his compensation for fiscal year 2008. It confirms that his base salary will remain at $436,800, with total on-target earnings of $589,680, subject to the company's FY08 Bonus Plan. No additional equity awards are granted at this time. The agreement is effective May 1, 2007, and is based on recommendations from the Compensation Committee.
Exhibit 10.10
| BEA Systems, Inc. | 2315 North First Street | |
| San Jose, California 95131 | ||
| Telephone: +1 ###-###-#### | ||
| Facsimile: +1 ###-###-#### | ||
| www.bea.com |
April 25, 2007
Bill Klein
2315 N. First Street
San Jose, CA 95110
| RE: | FY08 Compensation Awards |
Dear Bill:
I want to advise you that the Compensation Committee has recommended the following FY08 Cash and Equity Rewards.
Base Salary and Bonus Potential
Effective May 1, 2007, your base salary will remain unchanged at $436,800, payable in accordance with our regular payroll cycle. Your On-Target-Earnings (OTE) is now $589,680 payable in accordance with our FY08 Company Bonus Plan. The Plan Document will be sent under separate cover.
Equity
The Compensation Committee, at this time did not recommend any additional equity.
Bill, I appreciate your contributions and look forward to FY08 with optimism and excitement.
| Sincerely, |
| Alfred |
