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This excerpt taken from the EBAY DEF 14A filed Mar 19, 2009. Perquisites
We provide certain executive officers with perquisites and other
personal benefits that the Compensation Committee believes are
reasonable and consistent with our overall compensation programs
and philosophy. These benefits are provided in order to enable
us to attract and retain these executives. The committee
periodically reviews the levels of these benefits provided to
our executive officers. Of these benefits, the most significant
is allowing certain executive officers to use the corporate
airplane for personal use. As set forth in the Summary
Compensation Table below, in 2008 the value of all perquisites
provided to all seven of our named executive officers other than
the use of the corporate airplane for personal use totaled less
than $70,000 in the aggregate. In the first quarter of 2008, the
committee set limits for the use the corporate airplane for
personal use in 2008 as follows: Mr. Donahoe, 50 hours
(plus usage in connection with travel to board meetings for one
entity where Mr. Donahoe serves as an outside board
member); Mr. Dutta, 40 hours; and Mr. Swan,
20 hours. After Ms. Whitman stepped down as CEO, she
was no longer entitled to use the corporate airplane for
personal use unless she reimbursed us for at least the costs we
incurred in connection with such use. See the discussion under
the section entitled “Certain Transactions with Directors
and Officers” above for further details regarding our
agreement with Ms. Whitman regarding these costs. We do not
grant bonuses to cover, reimburse, or otherwise “gross
up” any income tax owed for personal travel on the
corporate airplane.
This excerpt taken from the EBAY DEF 14A filed Apr 28, 2008. Perquisites
We provide certain executive officers with perquisites and other
personal benefits that the Compensation Committee believes are
reasonable and consistent with our overall compensation programs
and philosophy. These benefits are provided in order to enable
us to attract and retain these executives. The committee
periodically reviews the levels of these benefits provided to
our executive officers. Of these benefits, the most significant
is allowing certain executive officers to use the corporate
airplane for personal use. In 2007, the committee authorized our
CEO to use the corporate airplane up to 200 hours for
personal use. In 2007, the committee determined that it would
not grant bonuses to cover any income tax owed for personal
travel on the corporate airplane.
This excerpt taken from the EBAY DEF 14A filed Apr 30, 2007. Perquisites
We provide certain executive officers with perquisites and other
personal benefits that the Compensation Committee believes are
reasonable and consistent with our overall compensation programs
and philosophy. These benefits are provided in order to enable
us to attract and retain these executives. The committee
periodically reviews the levels of these benefits provided to
our executive officers. Of these benefits, the most significant
is allowing certain executive officers to use the corporate
aircraft for personal use and providing these executives with
bonuses to cover related income taxes. In 2006, the committee
authorized our CEO to use the corporate aircraft up to
200 hours for personal use and granted her a bonus to cover
related income taxes.
In addition, we have (1) assisted certain executive
officers with expenses they have incurred in connection with
relocations, both when they join eBay and, if appropriate, when
they take on new assignments within eBay that involve a
geographic relocation and (2) provided executive officers
with cost of living, housing, and automobile allowances in
connection with overseas assignments. Mr. Swan’s
relocation assistance included assistance with selected costs
and expenses related to moving from Texas to the
San Francisco Bay Area (including transportation
Table of Contents
and temporary housing) and the sale of his home and related tax
reimbursements. Mr. Swan’s relocation assistance was
negotiated as part of the terms of his offer to join eBay, and
the committee later agreed to provide Mr. Swan with
additional relocation assistance, which included an agreement to
pay Mr. Swan the difference between $3,000,000 and the
sales price of Mr. Swan’s home, to preserve the intent
of the relocation assistance included in his original offer in
light of the condition of the real estate market in Plano,
Texas. The committee believes it was necessary to offer
Mr. Swan relocation assistance in order to attract him to
join eBay. In connection with Mr. Dutta’s appointment
as President, Skype, we provided him with relocation assistance,
which included assistance with the costs and expenses related to
moving from the San Francisco Bay Area to the United
Kingdom (including transportation and temporary housing) and a
cost of living allowance. The committee believes it was
appropriate to provide Mr. Dutta with this assistance in
light of this appointment.
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