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This excerpt taken from the TBAC DEF 14A filed Sep 22, 2006. How were
base salaries determined?
During fiscal 2006, we sought to establish base salaries of our
executive officers at levels that, in the judgment of the
Compensation Committee and the Board of Directors, were
sufficiently competitive to attract and retain qualified
executive officers. These salaries were approximately equal to
the average base salaries for comparable positions within our
peer group. The Compensation Committee established the base
salary portion of annual compensation at the beginning of the
fiscal year and provided for a small salary increase for fiscal
2006. We granted salary increases to our executive officers in
order to provide them with salaries comparable to those within
our industry and peer group.
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