BOFI » Topics » Base Salary

This excerpt taken from the BOFI DEF 14A filed Sep 25, 2006.

Base Salary

The employment agreement provides for a base salary that was determined according to competitive pay practices, level of responsibility, prior experience and breadth of knowledge. The Company used its discretion rather than a formal weighting system to evaluate these factors and to determine individual base salary levels. The agreement defines annual base salary increases subject to meeting asset growth targets. The Compensation Committee reviews the base salary defined in the agreement periodically.

 

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This excerpt taken from the BOFI DEF 14A filed Sep 19, 2005.

Base Salary

 

The employment agreement provides for a base salary that was determined according to competitive pay practices, level of responsibility, prior experience and breadth of knowledge.  The Company used its discretion rather than a formal weighting system to evaluate these factors and to determine individual base salary levels.  The agreement defines annual base salary increases subject to meeting asset growth targets.  The Compensation Committee reviews the base salary defined in the agreement periodically.

 

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