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This excerpt taken from the SIRI DEF 14A filed Apr 23, 2007. Total
Compensation
In making decisions with respect to any element of a named
executive officers compensation, the Compensation
Committee considers the total compensation that may be awarded
to the officer, including salary, annual bonus, long-term
incentives, and perquisites and other benefits. In addition, the
Compensation Committee considers the other benefits to which the
officer is entitled by the employment agreement, including
compensation payable upon termination of employment under a
variety of circumstances. In 2006, the Compensation Committee
reviewed tally sheets showing the total compensation potentially
payable to, and the benefits accruing to, each named executive
officer. The Compensation Committees goal is to award
compensation that is reasonable when all elements of potential
compensation are considered.
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