CB » Topics » Base Salary

This excerpt taken from the CB DEF 14A filed Mar 23, 2006.
Base Salary

Amounts paid as base salary, including merit salary increases, are determined by:

·       the employee’s individual performance;

·       salary level within the established pay range for the individual’s position;

·       salaries offered in the industry for comparable positions; and

·       in the case of our Chief Executive Officer, reference to his employment agreement.

The Compensation Committee monitors the factors described above and periodically approves changes in base salary for members of senior management.

This excerpt taken from the CB DEF 14A filed Mar 25, 2005.

Base Salary

        Amounts paid as base salary, including merit salary increases, are determined by:

    the employee's individual performance;

    salary level within the established pay range for the individual's position; and

    salaries offered in the industry for comparable positions.

        The Compensation Committee monitors the factors described above and periodically approves changes in base salary for members of senior management.

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