|
|
 | | | |
- close
- close
- close
- close
| |||||||||
This excerpt taken from the SIRI DEF 14A filed Apr 30, 2009. Policy
with Respect to Internal Revenue Code
Section 162(m)
Section 162(m) of the Internal Revenue Code places a
$1 million per person limitation on the tax deduction we
may take for compensation paid to our Chief Executive Officer
and our three other highest paid executive officers other than
our Chief Executive Officer and Chief Financial Officer except
that compensation constituting performance-based compensation,
as defined by the Internal Revenue Code, is not subject to the
$1 million limit. The Compensation Committee reserves the
discretion to pay compensation that does not qualify for
exemption under Section 162(m) where the Compensation
Committee believes such action to be in the best interests of
our stockholders.
This excerpt taken from the SIRI DEF 14A filed Nov 4, 2008. Policy
with Respect to Internal Revenue Code
Section 162(m)
Section 162(m) of the Internal Revenue Code places a
$1 million per person limitation on the tax deduction we
may take for compensation paid to our Chief Executive Officer
and our three other highest paid executive officers other than
our Chief Executive Officer and Chief Financial Officer except
that compensation constituting performance-based compensation,
as defined by the Internal Revenue Code, is not subject to the
$1 million limit. The Compensation Committee reserves the
discretion to pay compensation that does not qualify for
exemption under Section 162(m) where the Compensation
Committee believes such action to be in the best interests of
our stockholders.
This excerpt taken from the SIRI DEF 14A filed Apr 23, 2007. Policy
with Respect to Internal Revenue Code
Section 162(m)
Section 162(m) of the Internal Revenue Code places a
$1 million per person limitation on the tax deduction we
may take for compensation paid to our Chief Executive Officer
and our four other highest paid executive officers, except that
compensation constituting performance-based compensation, as
defined by the Internal Revenue Code, is not subject to the
$1 million limit. The Compensation Committee reserves the
discretion to pay compensation that does not qualify for
exemption under Section 162(m) where the Compensation
Committee believes such action to be in the best interests of
our stockholders.
This excerpt taken from the SIRI DEF 14A filed Apr 21, 2006. Policy with Respect to Internal Revenue Code Section 162(m)
Section 162(m) of the Internal Revenue Code places a $1 million per person limitation on the tax deduction we may take for compensation paid to our Chief Executive Officer and our four other highest paid executive officers, except that compensation constituting performance-based compensation, as defined by the Internal Revenue Code, is not subject to the $1 million limit. The Compensation Committee generally intends to grant awards under our long-term stock incentive plan consistent with the terms of Section 162(m) so that such awards will not be subject to the $1 million limit. However, the Compensation Committee reserves the discretion to pay compensation that does not qualify for exemption under Section 162(m) where the Compensation Committee believes such action to be in the best interests of our stockholders.
This excerpt taken from the SIRI DEF 14A filed Apr 20, 2005. Policy with Respect to Internal Revenue Code Section 162(m)
Section 162(m) of the Internal Revenue Code places a $1 million per person limitation on the tax deduction we may take for compensation paid to our Chief Executive Officer and our four other highest paid executive officers, except that compensation constituting performance-based compensation, as defined by the Internal Revenue Code, is not subject to the $1 million limit. The Compensation Committee generally intends to grant awards under our long-term stock incentive plan consistent with the terms of Section 162(m) so that such awards will not be subject to the $1 million limit. However, the Compensation Committee reserves the discretion to pay compensation that does not qualify for exemption under Section 162(m) where the Compensation Committee believes such action to be in the best interests of our stockholders.
15
| EXCERPTS ON THIS PAGE:
|
| |||||||
