CVLT » Topics » Base salary

This excerpt taken from the CVLT DEF 14A filed Jul 18, 2008.
Base salary
 
We provide our executive officers and other employees with base salary to compensate them for services rendered during the fiscal year. The Compensation Committee compensates our executive officers competitively within the industry. Base salaries are targeted to be competitive and are generally targeted against the 50th — 75th percentile of the technology industry survey data obtained. The 50th — 75th percentile is being used because we have consistently achieved revenue and earnings growth that is in the top tier of companies in our industry. In some circumstances it may be necessary to provide compensation above these levels; these circumstances include the need to retain key individuals, to recognize roles that were larger in scope or accountability than standard market positions and/or to reward individual performance.
 
Salary levels are typically reviewed annually each April as part of our performance review process as well as upon a promotion or other change in job responsibility. In addition to considering the analysis provided by the external compensation consultants discussed above, the Compensation Committee considered the scope of and accountability associated with each executive officer’s position, the performance of each executive officer during fiscal 2007 and the overall experience of each executive officer when approving base salary levels for fiscal 2008. For fiscal 2008, the base salary for our Chief Executive Officer was increased approximately 4% over fiscal 2007 and the base salary increases for our other named executive officers ranged from approximately 4% to 8% over fiscal 2007. For fiscal 2008, the base salaries accounted for approximately 23% of total compensation for our Chief Executive Officer and 33% for our other named executive officers. Salary income earned by each named executive officer during fiscal 2008 is reported below in the Summary Compensation Table.
 
This excerpt taken from the CVLT DEF 14A filed Jul 23, 2007.
Base salary
 
The Company provides our executive officers and other employees with base salary to compensate them for services rendered during the fiscal year. The Compensation Committee compensates our executive officers competitively within the industry. In addition to considering the analysis provided by the external compensation consultants, the Compensation Committee considered the scope of and accountability associated with each executive officer’s position and such factors as the performance and experience of each executive officer when approving base salary levels for fiscal 2007. With respect to executive officers, base salaries are targeted to be competitive and are generally benchmarked against the 50th-75th percentile of the technology industry survey data discussed above. The 50th-75th percentile benchmark is being used because we have consistently achieved revenue and earnings growth that is in the top tier of companies in our industry. In some circumstances it may be necessary to provide compensation above these levels; these circumstances include the need to retain key individuals, to recognize roles that were larger in scope or accountability than standard market positions and/or to reward individual performance.
 
Salary levels are typically reviewed annually each April as part of our performance review process as well as upon a promotion or other change in job responsibility. For fiscal 2007, base salaries accounted for approximately 22% of total compensation for our Chief Executive Officer and ranged from 32% to 52% for our other four most highly compensated executive officers. Salaries earned by our five mostly highly compensated executive officers during fiscal 2007 are reported below in the Summary Compensation Table.
 
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