2004 Bonus and 2005 Base Salary Schedule for Certain Broadcom Executive Officers
This document outlines the 2004 bonus payments and 2005 base salary amounts for several executive officers at Broadcom Corporation. It lists the names, positions, and compensation details for each executive. The agreement also notes that the Chief Executive Officer, Scott A. McGregor, did not receive a 2004 bonus and that his 2005 base salary was set upon his hiring in January 2005. The document is intended to disclose executive compensation as determined by the company's Compensation Committee.
EXHIBIT 10.1
2004 Bonuses & 2005 Base Salaries for Certain Executive Officers
| Name and Principal Position(s) 1 | 2004 Bonus | 2005 Base Salary | ||||||
David A. Dull Vice President of Business Affairs, General Counsel and Secretary | $ | 55,000 | $ | 250,000 | ||||
Bruce E. Kiddoo Vice President and Corporate Controller | 40,000 | 220,000 | ||||||
Vahid Manian Vice President of Manufacturing Operations | 55,000 | 250,000 | ||||||
Andrew J. Pease Vice President of Worldwide Sales | 55,000 | 250,000 | ||||||
William J. Ruehle Vice President and Chief Financial Officer | 60,000 | 260,000 | ||||||
1 The Compensation Committee did not establish the base salary of Scott A. McGregor, the Chief Executive Officer of the company, on February 1, 2005 because the 2005 base salary of Mr. McGregor was established when he joined Broadcom in January 2005. Since Mr. McGregor was not employed by Broadcom during 2004, he did not receive a 2004 bonus.
