Executive Compensation Summary for Senior Officers of Rackable Systems, Inc.
This document outlines the annual base salaries and target bonuses for senior executive officers of Rackable Systems, Inc. as of January 1, 2007. It lists the compensation details for the CEO, President, CTO, General Counsel, and CFO. Bonuses are tied to company performance goals set by the Compensation Committee, with 20% of the annual target bonus available each quarter and 20% at year-end, based on achievement of these goals.
Exhibit 10.30
Executive Officer Summary Compensation Sheet
Annual Cash Compensation for Senior Executive Officers
The annual cash compensation for Executive Officers of Rackable Systems, Inc. as of January 1, 2007, was as follows:
| Executive Officer | Annual Base Salary ($) | Annual Target Bonus ($) | ||||
| Thomas K. Barton Chief Executive Officer | $ | 400,000 | $ | 280,000 | ||
| Todd R. Ford President | 350,000 | 210,000 | ||||
| Giovanni Coglitore Founder and Chief Technology Officer | 250,000 | 100,000 | ||||
| William P. Garvey General Counsel, Vice President of Corporate Development and Secretary | 238,000 | 95,000 | ||||
| Madhu Ranganathan Chief Financial Officer | 263,000 | 105,000 | ||||
Cash Bonus Arrangements for Executive Officers:
| 1. | 20% of the Annual Target Bonus maybe earned each quarter and 20% may be earned at year end. The bonus awards are determined based upon Rackable Systems’ achievement of certain performance goals to be established by the Compensation Committee of the Board. |
