2007 Executive Bonus and 2008 Base Salary Schedule for Certain Officers of [Company Name]
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Summary
This document outlines the 2007 bonus payments and 2008 base salaries for specific executive officers of the company, including the President and CEO, CFO, and other senior vice presidents. It lists the amounts each executive will receive as a bonus for 2007 and their set base salary for 2008. The Chairman and Chief Technical Officer, Dr. Henry Samueli, is noted as having a voluntary base salary of $1.00 for 2008 and did not participate in the 2007 bonus plan.
EX-10.1 2 exhibit1.htm EX-10.1 EX-10.1
EXHIBIT 10.1
2007 Bonuses & 2008 Base Salaries for Certain Executive Officers
Name and Principal Position(s) 1 | 2007 Bonus | 2008 Base Salary | ||||||
Scott A. McGregor, President and Chief Executive Officer | $ | 321,750 | $ | 682,500 | ||||
Eric K. Brandt, Senior Vice President and Chief Financial Officer | $ | 138,600 | $ | 360,000 | ||||
David A. Dull, Senior Vice President, Business Affairs, General Counsel and Secretary | $ | 118,800 | $ | 325,000 | ||||
Thomas F. Lagatta, Senior Vice President, Worldwide Sales | $ | 112,860 | $ | 300,000 | ||||
Vahid Manian, Senior Vice President, Global Manufacturing Operations | $ | 118,800 | $ | 325,000 | ||||
| 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 2008, in accordance with his voluntary agreement to maintain his base salary at that amount. In addition, Dr. Samueli voluntarily did not participate in the Executive Officer Performance Bonus Plan for 2007. |
