VSCN » Topics » Overview

This excerpt taken from the VSCN DEF 14A filed Apr 13, 2007.
Overview
 
We recognize that the ability to excel depends on the integrity, knowledge, imagination, skill, diversity and teamwork of our employees. To this end, we strive to create an environment of mutual respect, encouragement and teamwork — an environment that rewards commitment and performance and is responsive to the needs of our employees. The objectives of our compensation and benefits programs for our employees, including our named executive officers, are to:
 
  •  attract, engage and retain the workforce that helps ensure our future success;
 
  •  motivate and inspire employee behavior that fosters a high-performance culture;
 
  •  support a cost-effective and flexible business model;
 
  •  reinforce key business objectives; and
 
  •  align employee interests with stockholder interests.
 
Most of our compensation elements simultaneously fulfill one or more of these objectives. These elements consist of (1) base salary, (2) performance bonus, (3) long-term equity incentives, (4) retirement savings opportunity and (5) perquisites, health and welfare benefits and other compensation. Each component aligns the interests of our named executive officers with the interests of our stockholders in different ways, whether through focusing on short-term and long-term performance goals, promoting an ownership mentality toward one’s job, linking individual performance to the company’s performance, or by ensuring healthy employees. Each of these compensation elements is described in more detail below.
 
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