This excerpt taken from the MERX 10-Q filed Jan 5, 2006.
CORPORATION EXECUTIVE OFFICERS
Merix executive officers each receive an annual salary. The executive officers are also eligible for a cash incentive under the Merix Executive Incentive Plan (EIP) and for equity incentives under our 1994 Stock Incentive Plan. Awards under the EIP are determined as percentages of base salary. Merix executives participate in Merix 401(k) plan and other employee benefits plans on the same basis as other employees. Merix makes annual matching contributions to Merix 401(k) Plan and pays Group Term Life Insurance premiums for each of its executive officers on the same basis as for all regular employees of Merix who satisfy minimum eligibility requirements. In addition, Merix executive officers are eligible to participate in Merix health and welfare and other employee benefit plans that are available on the same basis to all regular employees of Merix who satisfy minimum eligibility requirements.
Key elements of executive compensation for fiscal year ending May 27, 2006 are: