Exhibit Number
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.
