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.