Sun Microsystems, Inc. 2007 Executive Officer Base Salary and Bonus Targets Approval
Sun Microsystems, Inc. has set the base salaries and bonus targets for certain executive officers for fiscal year 2007, as approved by the Leadership Development and Compensation Committee. The agreement lists the names, titles, base salaries, and bonus targets (as a percentage of salary) for three executives. This document formalizes the compensation structure for these officers for the specified fiscal year.
Exhibit 10.3
Sun Microsystems, Inc.
Changes to Named Executive Officer Base Salary and Bonus Targets
Fiscal Year 2007
Approved by the Leadership Development and Compensation Committee on November 2, 2006
| Name | Title
| Base Salary | Bonus Target* | |||
| Crawford W. Beveridge** | Executive Vice President, Global Government Strategy
| $567,000 | 85% | |||
| Michael A. Dillon | Executive Vice President, General Counsel and Secretary
| $450,000 | 85% | |||
| William N. MacGowan | Chief Human Resources Officer and Executive Vice President, People and Places
| $475,000 | 85% |
* Expressed as a percentage of the Named Executive Officer’s base salary.
** Mr. Beveridge is not currently an Executive Officer of the Company.
