Sun Microsystems FY06 Executive Base Salaries and Target Annual Incentive Awards Approval
Sun Microsystems, Inc.'s Leadership Development and Compensation Committee approved the base salaries and target annual incentive awards for its named executive officers for fiscal year 2006. Jonathan I. Schwartz will receive a $900,000 base salary and a target annual incentive award equal to 200% of his salary. Other executives, including Scott G. McNealy, Crawford W. Beveridge, Stephen T. McGowan, and Gregory M. Papadopoulos, had their compensation reviewed, with some receiving increases. This document outlines the compensation structure for these executives for the year.
Exhibit 10.7
Fiscal Year 2006
Base Salaries and Target Annual Incentive Awards
for Sun Microsystems, Inc.’s
Named Executive Officers
On July 28, 2005, the Leadership Development and Compensation Committee of Sun Microsystems, Inc. (“Sun”) approved base salaries and target annual incentive awards for its named executive officers for fiscal 2006. Jonathan I. Schwartz will receive a base salary of $900,000 and his target annual incentive award will be 200% of his base salary; Scott G. McNealy’s base salary and target annual incentive award were not changed from those for fiscal 2005; Crawford W. Beveridge’s and Stephen T. McGowan’s base salaries were not changed from those for fiscal 2005, but each received a customary annual increase of his target annual incentive award; and Gregory M. Papadopoulos received customary annual increases in his base salary and target annual incentive award.
