NOVL » Topics » Target Incentive Percentage

This excerpt taken from the NOVL 8-K filed Dec 11, 2009.

Target Incentive Percentage

Based on applicable market data, the Compensation Committee sets Target Incentive Percentages for the Named Executive Officers, other than the Chief Executive Officer, at various levels between 60% and 100% (with the Target Incentive for each Named Executive Officer, including the Chief Executive Officer, being equal to his or her Target Incentive Percentage multiplied by his or her annual base salary). The independent members of the Board of Directors of Novell established a Target Incentive Percentage for Novell’s Chief Executive Officer of 125%.

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