2007 Compensation Letter Agreement between Sybase, Inc. and Pieter Van der Vorst

Contract Categories: Human Resources › Compensation Agreements
Summary

This letter from Sybase, Inc. to Pieter Van der Vorst outlines his 2007 compensation package as approved by the company's Compensation Committee. It specifies his annual base salary, target incentive bonus, and total target cash compensation. The agreement also details long-term incentives, including stock options and restricted stock grants, with vesting terms referenced in separate agreements. The letter serves as formal notification of these terms for the year 2007.

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EX-10.41 3 f27565exv10w41.htm EXHIBIT 10.41 exv10w41  

EXHIBIT 10.41
February 26, 2007
Pieter Van der Vorst
SVP & CFO
(Delivered by hand)
Dear Pieter:
This is to inform you of your 2007 compensation as approved by the Sybase, Inc. Compensation Committee:
  1.   Cash Compensation (effective January 1, 2007)
  1.   Annual base salary: $378,206
 
  2.   Incentive bonus target: $276,090
 
  3.   Total target cash compensation (TTC): $654,296
The terms of the incentive bonus are set out in the Executive Leadership Team Incentive Plan.
  2.   Long-Term Incentives
  (a)   Sybase Stock Option Grant (4-year vest)
  •   10,500 options
  (b)   Restricted Stock Grant (performance vest)
  •   8,600 shares
  (c)   Restricted Stock Grant (time vest)
  •   4,700 shares
The vesting terms are set out in the relevant equity award grant agreement.
I also want to take this opportunity to thank you for your contributions in 2006. I look forward to your support and contributions in 2007.
Sincerely,
     
/s/ John S. Chen
   
John S. Chen
    
Chairman, CEO and President
    
CC: HR File