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This excerpt taken from the DRCO DEF 14A filed Apr 26, 2007. Base
Salary
We provide an ongoing base salary with consideration for annual
salary increases based on performance of the executive over the
past year. A competitive analysis of base salaries and total
cash compensation payouts is developed using published
cross-industry surveys for companies comparable in size to the
Company.
A performance evaluation is completed for each named executive
by the Chairman and CEO, and recommendations are developed based
on that review and presented to the Compensation Committee for
review and consideration for approval. Final recommendations are
then presented to the Board for review and consideration for
approval. These recommendations are subject to approval by the
Board. The salary increases granted in February 2006 for the
named executive officers averaged 4.5%.
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