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This excerpt taken from the SIRI DEF 14A filed Apr 30, 2009. Total
Compensation for Named Executive Officers
The Compensation Committees goal is to award compensation
that is reasonable when all elements of potential compensation
are considered. 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, perquisites and other benefits. In
addition, the Compensation Committee considers the other
benefits to which the officer is entitled by his or her
employment agreement, including compensation payable upon
termination of employment. In making its decisions regarding
compensation for 2008, the Compensation Committee reviewed the
total compensation potentially payable to, and the benefits
accruing to, each named executive officer.
Table of Contents
This excerpt taken from the SIRI DEF 14A filed Nov 4, 2008. Total
Compensation for Named Executive Officers
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, perquisites and other benefits. In addition, the
Compensation Committee considers the other benefits to which the
officer is entitled by his employment agreement, including
compensation payable upon termination of employment under a
variety of circumstances. In making its decisions regarding
compensation for 2007, the Compensation Committee reviewed 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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