2006 Executive Bonus and 2007 Base Salary Schedule for Certain Officers of [Company Name]
This document outlines the 2006 bonus payments and 2007 base salaries for specific executive officers of the company, including the President and CEO, Senior Vice Presidents, and other key executives. It lists the names, positions, bonus amounts for 2006, and base salaries for 2007. The Chairman and Chief Technical Officer, Dr. Henry Samueli, is noted as having a nominal salary of $1.00 for 2007 and did not participate in the 2006 bonus plan, per his voluntary agreement.
EXHIBIT 10.1
2006 Bonuses & 2007 Base Salaries for Certain Executive Officers
| Name and Principal Position(s) 1 | 2006 Bonus | 2007 Base Salary | ||||||
Scott A. McGregor President and Chief Executive Officer | $ | 240,000 | $ | 650,000 | ||||
David A. Dull Senior Vice President, Business Affairs, General Counsel and Secretary | 100,000 | 300,000 | ||||||
Bruce E. Kiddoo Vice President, Corporate Controller and Acting Chief Financial Officer | 100,000 | 265,000 | ||||||
Thomas F. Laggata Senior Vice President, Worldwide Sales | 100,000 | 285,000 | ||||||
Vahid Manian Senior Vice President, Global Manufacturing Operations | 100,000 | 300,000 | ||||||
1 The Compensation Committee did not establish the base salary for the Chairman of the Board and Chief Technical Officer of the company, Dr. Henry Samueli, whose annual base salary will remain at the nominal level of $1.00 for 2007, in accordance with his voluntary agreement to maintain his base salary at that amount. In addition, Dr. Samueli voluntarily did not participate in the 2006 Performance Bonus Plan.
