Schedule of Executive Officer Compensation for Magma Design Automation, Inc. (2008)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document lists the annual base salaries and target bonus percentages for certain executive officers of Magma Design Automation, Inc. for the 2008 fiscal year. The executives named include the CEO, President/COO, and several Vice Presidents, with compensation details referenced from a separate agreement. The schedule also notes the resignation of a former executive. This summary provides transparency regarding executive compensation arrangements within the company.

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EX-10.27(B) 6 dex1027b.htm SCHEDULE OF CERTAIN EXECUTIVE OFFICERS Schedule of Certain Executive Officers

EXHIBIT 10.27(b)

MAGMA DESIGN AUTOMATION, INC.

Schedule of Certain Executive Officers for the Summary of Compensation Arrangement set forth in Exhibit

10.27(a)

The compensation arrangements for the below listed executives are set forth in Exhibit 10.27(a).

 

Name

  

Title

  

Annualized Base Salary

For Fiscal Year 2008

  

Target Bonus

Percentage

  

Rajeev Madhavan

   Chief Executive Officer and Chairman of the Board   $ 475,000   90 %

Roy E. Jewell

   President and Chief Operating Officer and Director   $ 475,000   90 %

Saeid Ghafouri

   Corporate Vice President, Field Operations   $ 330,000   120 %

Peter S. Teshima

   Corporate Vice President-Finance and Chief Financial Officer   $ 300,000   60 %

David H. Stanley

   Corporate Vice President, Corporate Affairs & Secretary   $ 290,000   60 %

Gregory C. Walker*

   Former Senior Vice President-Finance and Chief Financial Officer     0   0  
* Mr. Walker resigned as Senior Vice President-Finance and Chief Financial Officer on April 27, 2006.