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This excerpt taken from the SYMM DEF 14A filed Sep 30, 2009. Base Salary Base salaries serve primarily to provide non-variable compensation at competitive levels, allowing us to attract and retain high-caliber executive talent. The level of base salary that we pay the executive officers is determined by the Committee based on a number of factors, including:
The Committee annually reviews the base salaries of the executive officers, including the Named Executive Officers, and salary adjustments, if any, are determined based on a number of factors:
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In August 2008, the CEO formulated his recommendations for the Fiscal 2009 base salaries of the executive officers (except with respect to his own compensation) based on the above factors and presented these recommendations to the Committee. The CEO recommended no pay increases for the Named Executive Officers. The Committee reviewed the CEO’s recommendation, and approved no increases to base salaries for the Named Executive Officers reflected in the table below. In the case of the CEO’s base salary, the Committee meets without the CEO present to evaluate his performance and determine any base salary adjustment. The Committee reviewed competitive analyses developed by Compensia, and made no base salary adjustments to the CEO and other executive officers. The base salaries for the executive officers for Fiscal 2009 were as follows:
These excerpts taken from the SYMM 10-Q filed Feb 6, 2009. (a) Base Salary. The Company shall pay to Executive an amount
equal to twelve (12) months’ Base Salary.
Such severance amount shall be paid over a period of twelve (12) months
commencing on the date of termination in substantially equal installments in
accordance with the Company’s regular payroll practices and shall be subject to
all required tax withholding; provided, however, that any such payments that
would otherwise have been made before the first normal payroll payment date
falling on or after the First Payment Date shall be made on the First Payment
Date.
(a) Base Salary. The Company shall pay to Executive an amount
equal to twelve (12) months’ Base Salary.
Such severance amount shall be paid over a period of twelve (12) months
commencing on the date of termination in substantially equal installments in
accordance with the Company’s regular payroll practices and shall be subject to
all required tax withholding; provided, however, that any such payments that
would otherwise have been made before the first normal payroll payment date
falling on or after the First Payment Date shall be made on the First Payment
Date.
5.1 “Base Salary”
means Executive’s annual base salary as in effect during the last regularly
scheduled payroll period immediately preceding the Covered Termination.
5.1 “Base Salary”
means Executive’s annual base salary as in effect during the last regularly
scheduled payroll period immediately preceding the Covered Termination.
This excerpt taken from the SYMM 10-Q filed Nov 6, 2008. 5.1 “Base Salary” means Executive’s annual base salary as in
effect during the last regularly scheduled payroll period immediately preceding
the Covered Termination.
This excerpt taken from the SYMM DEF 14A filed Sep 26, 2008. Base Salary Base salaries serve primarily to provide non-variable compensation at competitive levels, allowing us to attract and retain
high-caliber executive talent. The level of base salary that we pay the executive officers is determined by the Committee based on a number of factors,
including:
The
Committee annually reviews the base salaries of the executive officers. Including the Named Executive Officers, and salary adjustments, if any, are determined based on a number of
factors
In August 2007, the CEO formulated his recommendations for the Fiscal 2008 base salaries of the executive officers (except with respect to his own compensation) based on the above factors and presented these recommendations to the Committee. The proposed Fiscal 2008 base salaries represented an average increase of 2.9 percent over Fiscal 2007 base salary levels for the Named Executive Officers (other than the CEO). The Committee reviewed the CEO's recommendation, and approved the base salaries for the Named Executive Officers reflected in the table below. In the case of the CEO's base salary, the Committee meets without the CEO present to evaluate his performance and determine any base salary adjustment. The Committee reviewed competitive 24 analyses developed by Towers Perrin, and made base salary adjustments to the CEO and other executive officers that were approved in August 2007. For Fiscal 2008, the Committee set the CEO's annual base salary at $500,000, which approximated the 75th percentile of the base salaries of the chief executive officers in our peer group, and which represented an increase of 5.3 percent from his base salary for Fiscal 2007. The base salary adjustments for all of the executive officers were effective July 7, 2007. The base salaries for the executive officers for Fiscal 2008 (as well as the percent increase from Fiscal 2007 and peer group percentile) were as follows:
This excerpt taken from the SYMM 8-K filed Oct 15, 2007. 5.1 “Base Salary”
means Executive’s annual base salary as in effect during the last regularly
scheduled payroll period immediately preceding the Covered Termination.
This excerpt taken from the SYMM 8-K filed Sep 14, 2007. 3.1 Base Salary. Executive’s base salary shall be at the
annual rate of $475,000 for fiscal 2007 (the year ending June 30, 2007). At or
near each fiscal year thereafter, Executive’s annual base salary shall be
increased by an amount mutually determined by Executive and the Board of
Directors or its Compensation Committee.
This excerpt taken from the SYMM DEF 14A filed Sep 25, 2006. Base salaries of executive officers are initially determined by evaluating the responsibilities of the position held and the experience and performance of the individual, with reference to the competitive marketplace for executive talent, including a comparison to base salaries for comparable positions for high technology companies. The Stock Option and Compensation Committee uses survey data provided by a compensation consultant to benchmark the Company’s executive compensation. The companies included in the survey data are other peer companies in the technology sector. The Stock Option and Compensation Committee considers not only the achievement of corporate and business unit financial and strategic goals, but also individual performance, including managerial effectiveness, teamwork and customer satisfaction. Base salaries of executive officers in fiscal 2006 were set at levels comparable to levels at other companies in the technology sector to help the Company attract and retain highly talented individuals in an increasingly competitive market, and in a period in which the Company has experienced substantial fluctuations in its stock price. This excerpt taken from the SYMM DEF 14A filed Sep 22, 2005. Base Salary
Base salaries of executive officers are initially determined by evaluating the responsibilities of the position held and the experience and performance of the individual, with reference to the competitive marketplace for executive talent, including a comparison to base salaries for comparable positions for high technology companies. The Stock Option and Compensation Committee considers not only the achievement of corporate and business unit financial and strategic goals, but also individual performance, including managerial effectiveness, teamwork and customer satisfaction. Base salaries of executive officers in fiscal 2005 were set at levels comparable to levels at other companies in the technology sector to help the Company attract and retain highly talented individuals in an increasingly competitive market, and in a period in which the Company has experienced substantial fluctuations in its stock price. 18 | EXCERPTS ON THIS PAGE:
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