Executive Officer Summary Compensation Sheet
Exhibit 10.36
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 November 7, 2005, was as follows:
| Executive Officer | Annual Base Salary ($) | Annual Bonus ($) | ||||
| Thomas K. Barton | $ | 340,000 | $ | 175,000 | ||
| President and Chief Executive Officer | ||||||
| Todd R. Ford | 260,500 | 100,000 | ||||
| Executive Vice President of Operations and Chief Financial Officer | ||||||
| Giovanni Coglitore | 150,000 | 100,000 | ||||
| Founder and Chief Technology Officer | ||||||
| Nikolai Gallo | 150,000 | 100,000 | ||||
| Founder and Chief Procurement Officer | ||||||
| Jack Randall | 150,000 | 100,000 | ||||
| Founder and Former Vice President of Information Systems | ||||||
| Thomas Gallivan | 160,000 | 190,000 | ||||
| Vice President of Worldwide Sales | ||||||
| Roy Chang | ||||||
| Vice President of Operations | 175,000 | 40,000 | ||||
| William P. Garvey | 190,000 | 47,500 | ||||
| General Counsel, Vice President of Corporate Development and Secretary | ||||||
| Colette LaForce | ||||||
| Vice President of Marketing | 150,000 | 60,000 | ||||
Cash Bonus Arrangements for Executive Officers:
| 1. | The bonus awards for Thomas K. Barton and Todd R. Ford (percentage of target bonus) are determined quarterly based upon Rackable Systems’ achievement of its goals for revenues, gross margin, earnings per share (on a normalized basis) and quarterly backlog, as such goals are specified in the operating plan provided by management to Rackable Systems’ board of directors. |
| 2. | The bonus award for Thomas Gallivan is determined as follows: |
| • | 0.1% on on the first $160 million in revenue; |
| • | 0.2% on revenue from $160 million to $200 million; and |
| • | 0.3% on revenue above $200 million. |
| 3. | The bonus awards (percentage of target bonus) for all other executive officers is determined by the achievement of individual goals and objectives throughout each quarter. |
