CBST » Topics » Base Salary

This excerpt taken from the CBST DEF 14A filed Apr 28, 2008.

Base Salary

        Base salaries are included as part of the Company's compensation package to provide a competitive compensation package consistent with comparable company and industry practices. The Company targets starting base salaries at the median of the marketplace for the following reasons:

    The Company has a pay-for-performance philosophy, which emphasizes incentive pay and differentiation among employees.

    Median targeted base salaries ensure that the Company is competitive in paying for the base value of the position, yet still allows the Company to emphasize performance.

        In certain circumstances, starting base salaries higher than the median are offered for positions that require more complex work, have critical value to the Company, are in high demand in the marketplace and have fewer qualified candidates, or in situations where candidates enter the position with extraordinary relevant experience. Higher base salaries may also be paid over time to reflect superior individual performance. Base salaries are considered for increases annually.

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