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This excerpt taken from the SIRI DEF 14A filed Apr 30, 2009. Tax
Consequences to Us or Our Subsidiary
To the extent that a participant recognizes ordinary income in
the circumstances described above, we or the subsidiary for
which the participant performs services will be entitled to a
corresponding deduction provided that, among other
things, the income meets the test of reasonableness, is an
ordinary and necessary business expense, is not an “excess
parachute payment” within the meaning of Section 280G
of the Code and is not disallowed by the $1 million
limitation on certain executive compensation under
Section 162(m) of the Code.
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