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This excerpt taken from the NDAQ DEF 14A filed Apr 17, 2008. Discretionary Bonuses The management compensation committee has the authority to grant discretionary bonuses outside of the ECIP that are designed to reward executives, including named executive officers, for completion of specific projects or exceptional performance. In 2007, the management compensation committee awarded two discretionary bonuses to named executive officers: $138,000 to Mr. Concannon and $36,000 to Ms. Ewing. The management compensation committee awarded the bonus to Mr. Concannon to recognize the significant growth in Nasdaq’s share of trading in New York Stock Exchange-listed securities, which directly contributed to the company’s revenues. The committee determined that the bonus to Ms. Ewing was appropriate to reward her for managing the continued roll-out of our integrated operating system, Regulation NMS compliance and integration of our technology staff. |
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