UIS » Topics » Base Salary

This excerpt taken from the UIS DEF 14A filed Apr 16, 2009.
Base Salary
 
Base salaries for elected officers are initially determined by evaluating the responsibilities of the position held and the experience of the individual and comparing such salaries to the benchmark compensation data. Thereafter, increases in salary can be based on the Compensation Committee’s evaluation of any number of factors, including the individual’s level of responsibility, individual performance, pay levels of both the executive in question and other similarly situated executives and the benchmark compensation data. In February 2008, when it conducted its review of executive compensation, the Compensation Committee considered primarily the relationship of executive compensation at the Company to the benchmark compensation data. The committee noted that there had been no salary increases for the Company’s elected officers for two years (except for increases related to the discontinuation of certain executive perquisites) and that inflation had increased by more than 6% during that period. The committee approved a 3.8% salary increase for elected officers, other than Mr. McGrath. The amount of the increase and the resultant new base salaries for Named Officers listed in the Summary Compensation Table on page 33 were as follows:
 
                         
Name
  Previous Base Salary     Amount of Increase     New Base Salary  
 
Joseph W. McGrath
  $ 972,313     $ 0     $ 972,313  
Janet B. Haugen
  $ 537,985     $ 20,443     $ 558,428  
Anthony P. Doye
  $ 500,004     $ 19,000     $ 519,004  
Richard C. Marcello
  $ 457,200     $ 17,374     $ 474,574  
Nancy S. Sundheim
  $ 488,208     $ 18,552     $ 506,760  
 
Following these increases, base salaries for the elected officers remain in line with the median for the benchmark companies.
 
This excerpt taken from the UIS DEF 14A filed Jun 18, 2008.
Base Salary
 
Base salaries for elected officers are initially determined by evaluating the responsibilities of the position held and the experience of the individual and comparing such salaries to the benchmark compensation data. Thereafter, increases in salary can be based on the Compensation Committee’s evaluation of any number of factors, including the individual’s level of responsibility, individual performance, pay levels of both the executive in question and other similarly situated executives and the benchmark compensation data. In February 2007, when it conducted its review of executive compensation, the Compensation Committee considered primarily the relationship of executive compensation at the Company to the benchmark compensation data. Salaries that had been in effect for 2006 for the Named Officers listed in the Summary Compensation Table on page 25 were generally consistent with the median for the benchmark companies. In light of this, the Named Officers did not receive salary increases in 2007. In addition, as is discussed below under “Long-Term Incentive Awards”, because long-term incentive targets in 2006 were significantly below the median for the benchmark companies, the committee decided to focus on increasing the competitiveness of that component of executive compensation in 2007.
 
In July 2007, the Compensation Committee discontinued a number of executive perquisites and increased base salaries by the value of certain of the discontinued perquisites (see “Other Benefits” below). The amount of these increases and the resultant new base salaries were as follows:
 
                         
Name
  Previous Base Salary     Amount of Increase     New Base Salary  
 
Joseph W. McGrath
  $ 950,000     $ 22,313     $ 972,313  
Janet B. Haugen
  $ 525,000     $ 12,985     $ 537,985  
Greg J. Baroni
  $ 500,000     $ 7,200     $ 507,200  
Randy J. Hendricks
  $ 500,000     $ 9,324     $ 509,324  
Brian T. Maloney
  $ 500,004     $ 7,200     $ 507,204  


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Table of Contents

This excerpt taken from the UIS 10-K filed Apr 29, 2008.

Base Salary

Base salaries for elected officers are initially determined by evaluating the responsibilities of the position held and the experience of the individual and comparing such salaries to the benchmark compensation data. Thereafter, increases in salary can be based on the Compensation Committee’s evaluation of any number of factors, including the individual’s level of responsibility, individual performance, pay levels of both the executive in question and other similarly situated executives and the benchmark compensation data. In February 2007, when it conducted its review of executive compensation, the Compensation Committee considered primarily the relationship of executive compensation at the Company to the benchmark compensation data. Salaries that had been in effect for 2006 for the Named Officers listed in the Summary Compensation Table below were generally consistent with the median for the benchmark companies. In light of this, the Named Officers did not receive salary increases in 2007. In addition, as is discussed below under “Long-Term Incentive Awards”, because long-term incentive targets in 2006 were significantly below the median for the benchmark companies, the committee decided to focus on increasing the competitiveness of that component of executive compensation in 2007.

 

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In July 2007, the Compensation Committee discontinued a number of executive perquisites and increased base salaries by the value of certain of the discontinued perquisites (see “Other Benefits” below). The amount of these increases and the resultant new base salaries were as follows:

 

Name

   Previous Base Salary    Amount of Increase    New Base Salary

Joseph W. McGrath

   $ 950,000    $ 22,313    $ 972,313

Janet B. Haugen

   $ 525,000    $ 12,985    $ 537,985

Greg J. Baroni

   $ 500,000    $ 7,200    $ 507,200

Randy J. Hendricks

   $ 500,000    $ 9,324    $ 509,324

Brian T. Maloney

   $ 500,004    $ 7,200    $ 507,204
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