Leading network equipment manufacturers such as Cisco Systems, Alcatel-Lucent, Nortel Networks, Juniper Networks, and Foundry Networks
EX-10.15 2 v38640exv10w15.htm EXHIBIT 10.15 Exhibit 10.15
Exhibit 10.15
Compensation of Named Executive Officers for 2007
The executive officers named in the summary compensation table in the proxy statement for Ixias 2007 Annual Meeting of Shareholders (the Named Executive Officers) have their base salaries determined annually by the Compensation Committee of the Board of Directors (the Compensation Committee). Such determinations are effective as of January 1st (i.e., the first day of the fiscal year). The Named Executive Officers are all at will employees and do not have written or oral employment agreements with the Company. The Company, upon the approval of the Committee, retains the right to unilaterally decrease or increase such officers base salaries at any time during the fiscal year. The annual base salaries for the Named Executive Officers (effective since January 1, 2007) are as follows:
Named Executive Officer | Annual Base Salary | |||
Errol Ginsberg | $ | 375,000 | ||
Chief Executive Officer | ||||
Thomas B. Miller | 250,000 | |||
Chief Financial Officer | ||||
Victor Alston | 250,000 | |||
Senior Vice President, Product Development | ||||
David Anderson | 250,000 | |||
Former Senior Vice President, Worldwide Sales and | ||||
Business Development Operations | ||||
(Resigned as officer effective November 12, 2007) | ||||
Robert W. Bass | 250,000 | |||
Former Executive Vice President, Operations | ||||
(Resigned as officer effective November 9, 2007) |
The Named Executive Officers are also eligible (or were also eligible to the extent they are former employees) to participate in the Companys incentive compensation plans, including:
(i) The Companys bonus plans; provided, however, that David Anderson, our former Senior Vice President, Worldwide Sales and Business Development Operations, was eligible to receive sales commissions in lieu of participation in the Companys bonus plans;
(ii) The Companys Amended and Restated 1997 Equity Incentive Plan (filed as Exhibit 4.1 to the Companys Registration Statement Form S-8 (Reg. No. 333-117969) filed with the Commission on August 5, 2004); and
(iii) The Companys Employee Stock Purchase Plan (filed as Exhibit 10.3 to Amendment No. 1 to the Companys Registration Statement on Form S-1 (Reg. No. 333-42678) filed with the Commission on September 5, 2000), as amended by (1) Amendment No. 1 thereto (filed as Exhibit 4.2 to the Companys Registration Statement Form S-8 (Reg. No. 333-107818) filed with the Commission on August 8, 2003), and (2) the Supplemental Provisions thereto (filed as Exhibit 10.1 to the Companys Current Report on Form 8-K (File. No. 000-31523) filed with the Commission on April 20, 2006).