CDNS » Topics » Individual Performance Modifier

This excerpt taken from the CDNS DEF 14A filed Mar 27, 2009.
Individual Performance Modifier
 
The individual performance modifier is derived from subjective assessments of individual performance during the performance period, based upon the “Individual Factors” listed above under “Compensation Determinations.” For each executive officer other than the CEO, the Compensation Committee evaluates the performance of the


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executive officer during the performance period and, based in part upon the CEO’s recommendations, approves the individual performance modifier for the executive officer.
 
For the CEO’s individual performance modifier, the Compensation Committee evaluates the CEO’s performance based upon the CEO’s individual performance and contributions and Cadence’s overall performance.
 
For fiscal 2008, the Compensation Committee determined that no bonus payouts would be made to the Named Executive Officers for individual performance in light of Cadence’s overall revenue and non-GAAP operating margin performance for the year.
 
This excerpt taken from the CDNS DEF 14A filed Mar 25, 2008.
Individual Performance Modifier
 
The individual performance modifier is derived from subjective assessments of individual performance during the performance period, based upon the individual factors listed above in the “Compensation Determinations” section. Together with the CEO, the Compensation Committee evaluates the performance of each Named Executive Officer (other than the CEO) during the performance period and, based in part upon the CEO’s recommendations, approves the individual performance modifiers for each of the Named Executive Officers, other than the CEO. The Compensation Committee evaluates the CEO’s performance based upon the CEO’s individual performance and contributions, and Cadence’s overall performance. This evaluation determines the CEO’s individual performance modifier.
 
In February 2008, the Compensation Committee, consistent with the terms of the Senior Executive Bonus Plan, changed the structure of annual cash incentive compensation program for the Named Executive Officers for the 2008 fiscal year to provide for one payout based on full year performance, rather than semi-annual bonus payouts based upon performance in each half of the fiscal year. The performance criteria established under the program for 2008 are based upon the same metrics as used in 2007 (namely, total revenue and non-GAAP operating margin, as well as business group objectives). The Compensation Committee changed the performance periods from semi-annual to annual in order to focus the Named Executive Officers on consistent performance throughout the fiscal year.
 
This excerpt taken from the CDNS DEF 14A filed Apr 2, 2007.
Individual Performance Modifier
 
The individual performance modifier is derived from qualitative assessments of individual performance during the performance period, based upon an individual’s contributions to Cadence, the importance of the individual’s position and retention considerations. Together with the CEO, the Compensation Committee evaluates the performance of each Named Executive Officer (other than the CEO) during the performance period and, based in part upon the CEO’s recommendations, approves the individual performance modifiers for each of the Named Executive Officers, other than the CEO. The Compensation Committee evaluates the CEO’s performance based upon CEO’s individual performance and contributions, and Cadence’s overall performance. This evaluation determines the CEO’s individual performance modifier.
 
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