GMCR » Topics » Determining Compensation

This excerpt taken from the GMCR DEF 14A filed Jan 28, 2008.

Determining Compensation

In making compensation determinations, we consider each element of compensation in relation to the total amount of compensation paid to the named executive officer. Although we do not have a formal policy with regard to allocating compensation between elements, it is our belief that a substantial portion of compensation should be comprised of annual and long-term incentives to align our executives’ interests with the shareholders’ interests and the profitable growth of our business. In making compensation decisions, we take into account the following factors, which we refer to throughout our discussion:

 

   

the total compensation mix required to attract, retain and motivate our named executive officers to profitably grow our business;

 

   

overall Company performance and financial condition;

 

   

the roles and responsibilities of the position;

 

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the qualifications, skills and experience level of the executive officer;

 

   

the executive officer’s past performance and anticipated future performance;

 

   

the executive officer’s anticipated future impact on our success;

 

   

the compensation provided for similar positions by similar companies;

 

   

compensation trends and competitive conditions in the market for the executive officer’s services; and,

 

   

the executive officer’s contributions to furthering the Company’s fundamental values of providing the customer with a superior coffee experience and fostering socially and environmentally responsible business practices.

"Determining Compensation" elsewhere:

J&J SNACK FOODS CORP (JJSF)
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