Sun Microsystems FY05 Discretionary Bonus Payments for Named Executive Officers
Sun Microsystems, Inc. awarded discretionary bonuses to its named executive officers for fiscal year 2005, despite not meeting all performance objectives. The bonuses were approved by management and the Board of Directors on July 28, 2005, as part of the SMI Bonus Plan, to recognize progress and support employee retention. The agreement lists the officers and the specific bonus amounts each received for the year.
Exhibit 10.8
Fiscal Year 2005
Discretionary Bonus Payments
for Sun Microsystems, Inc.’s
Named Executive Officers
For fiscal 2005, Sun did not meet all its performance objectives. However, on July 28, 2005, in recognition of progress made during the past fiscal year and for employee retention purposes, Sun’s management and Board of Directors approved a broad-based bonus with respect to fiscal 2005 under Sun’s SMI Bonus Plan (the “Discretionary Bonus”). Sun’s named executive officers received the following amounts under the Discretionary Bonus:
| Name | Position | Amount | |||
| Scott G. McNealy | Chairman of the Board of Directors and Chief Executive Officer | $ | 1,111,250 | ||
| Crawford W. Beveridge | Executive Vice President, People and Places, and Chief Human Resources Officer | $ | 160,650 | ||
| Stephen T. McGowan | Chief Financial Officer and Executive Vice President, Corporate Resources | $ | 177,013 | ||
| Gregory M. Papadopoulos | Executive Vice President and Chief Technology Officer | $ | 160,650 | ||
| Jonathan I. Schwartz | President and Chief Operating Officer | $ | 280,000 | ||
