Centillium Communications, Inc. Executive Officer Annual Compensation Schedule (Effective July 1, 2005)
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Summary
Centillium Communications, Inc. has set new annual compensation terms for selected executive officers, effective retroactively to July 1, 2005. The agreement outlines updated base salaries, bonus targets, and stock option grants for J. Scott Kamsler (Chief Financial Officer), Wayne Gartin (Vice President, Sales), and Jitesh Vadhia (Senior Vice President & General Manager). The compensation includes cash salary, bonus potential, and stock options, with the latter to be granted at fair market value as of July 27, 2005. Additional benefits are not included in this schedule.
EX-10.47 2 f11056exv10w47.htm EXHIBIT 10.47 exv10w47
EXHIBIT 10.47
Centillium Communications, Inc.
Annual Compensation for Selected Executive Officers*
(effective retroactively to July 1, 2005)
(effective retroactively to July 1, 2005)
| New | ||||||||||||||||||||||||
| New | Prior | New | Aggregate | Approved | ||||||||||||||||||||
| Prior Base | Base | Bonus | Bonus | Cash | Stock | |||||||||||||||||||
| Executive Officer and Title | Salary | Salary | Target | Target | Potential | Options** | ||||||||||||||||||
J. Scott Kamsler | $ | 250,000 | $ | 260,000 | $ | 125,000 | $ | 130,000 | $ | 390,000 | 30,000 | |||||||||||||
Chief Financial Officer | ||||||||||||||||||||||||
Wayne Gartin | $ | 160,000 | $ | 167,000 | $ | 160,000 | $ | 167,000 | $ | 334,000 | 30,000 | |||||||||||||
Vice President, Sales | ||||||||||||||||||||||||
Jitesh Vadhia | — | $ | 270,000 | — | $ | 135,000 | $ | 405,000 | 10,000 | |||||||||||||||
Senior Vice President | ||||||||||||||||||||||||
& General Manager | ||||||||||||||||||||||||
(new hire 4/05) | ||||||||||||||||||||||||
Note: Additional forms of compensation such as company paid insurance, etc. not included in this schedeule.
* Cash compensation will be in effect until subsequently amended.
** To be made and effective as of July 27, 2005 at the fair market value on July 27, 2005.
