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This excerpt taken from the NVLS DEF 14A filed Mar 17, 2005. Compensation Philosophy The Company applies a consistent compensation
philosophy for all employees, including senior management. This philosophy is to recognize effort, but pay for performance. The Company establishes
aggressive goals and objectives at the beginning of each year, and provides incentives to its employees and management by awarding a percentage of
their compensation based on achieving these goals and objectives. By linking compensation to performance, the Company seeks to ensure that the
interests of its employees are closely aligned with those of its shareholders.
The Company recognizes that competition for
qualified personnel within the semiconductor industry is intense. A competitive total compensation package is necessary to attract, motivate and retain
employees of the highest caliber.
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