Broadcom (BRCM)

 

Each non-employee director receives an annual cash retainer fee of $75,000. The Chair of the Audit Committee receives an additional $25,000 annual cash retainer fee, and the Chairs of the Compensation and Nominating & Corporate Governance Committees and the Chairman of the Board each receives an additional $10,000 annual cash retainer fee. The retainer fees are paid in quarterly installments in arrears, and are prorated as appropriate based upon the dates and capacities in which each individual non-employee director serves.

 

In February 2008 the Board approved a cash compensation arrangement for the members of its Special Litigation Committee. Each Committee member receives $15,000 in cash compensation per quarter, and the Chair of the Committee, currently Ms. Handel, receives an additional $5,000 in cash compensation per quarter. The compensation arrangement was approved in recognition of the substantial amount of time each individual is dedicating to activities of the committee.

 

There are no cash fees payable for attendance at Board or committee meetings.

 

 

Each non-employee director receives an annual cash retainer fee of $75,000. The Chair of the Audit Committee receives an additional $25,000 annual cash retainer fee, and the Chairs of the Compensation and Nominating & Corporate Governance Committees and the Lead Independent Director each receive an additional $10,000 annual cash retainer fee. The retainer fees are paid in quarterly installments in arrears, and are prorated as appropriate based upon the capacities in which each individual non-employee director serves from time to time.

 

In February 2008 the Board approved a cash compensation arrangement for the members of its Special Litigation Committee. The arrangement is described in Footnote 1 to the Non-Employee Director Compensation Table below.

 

There are no other cash fees payable for attendance at Board or Board committee meetings.

 

In February 2006 the Board, upon recommendation of the Nominating & Corporate Governance Committee, approved a new cash compensation plan for non-employee directors, which increased annual retainer fees and replaced fees payable for attendance at Board or committee meetings. The new compensation plan, effective as of January 1, 2006, provides to each non-employee director an annual cash retainer fee of $75,000. The Chair of the Audit Committee receives an additional $25,000 annual cash retainer fee, and the Chairs of the Compensation and Nominating & Corporate Governance Committees and the Lead Independent Director each receive an additional $10,000 annual cash retainer fee. The retainer fees are paid in quarterly installments in arrears, and are prorated as appropriate based upon the capacities in which each individual non-employee director serves from time to time. There are no additional cash fees payable for attendance at Board or Board committee meetings. The intent of the February 2006 change in cash compensation was to recognize that additional cash compensation was appropriate for the chairs of the Board’s committees, particularly the Audit Committee, and to simplify director compensation recordkeeping by eliminating the payment of per meeting fees.