2007 Compensation Letter Agreement between Sybase, Inc. and John S. Chen

Contract Categories: Human Resources › Compensation Agreements
Summary

This letter from Sybase, Inc. to John S. Chen, its Chairman, CEO, and President, outlines his approved compensation for 2007. It specifies an annual base salary of $990,000, a target incentive bonus of $1,250,000, and details long-term incentives in the form of restricted stock grants with specific vesting schedules. The agreement is effective January 1, 2007, and is signed by the Chairman of the Compensation Committee.

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EX-10.37 2 f27565exv10w37.htm EXHIBIT 10.37 exv10w37  

EXHIBIT 10.37
February 23, 2007
John S. Chen
Chairman, CEO, and President
Sybase, Inc.
(Delivered by hand)
Dear John:
This is to inform you of your 2007 compensation as approved by the Sybase, Inc. Board of Directors:
  1.   Cash Compensation (effective January 1, 2007)
  1.   Annual base salary: $990,000
 
  2.   Incentive bonus target: $1,250,000
 
  3.   Total target cash compensation (TTC): $2,240,000
  2.   Long-Term Incentives
  (a)   Restricted Stock Grant (3-year performance vest)
  •   87,600 shares
  (b)   Restricted Stock Grant (3-year cliff vest)
  •   58,500 shares
The vesting terms are set out in the relevant equity award grant agreement.
Sincerely,
     
/s/ Richard C. Alberding
   
Richard C. Alberding
    
Compensation Committee Chairman
    
Sybase, Inc.
    
CC: HR File