WSTL » Topics » The Compensation Committee

This excerpt taken from the WSTL DEF 14A filed Jul 29, 2009.

The Compensation Committee

The Compensation Committee met six times in fiscal 2009. The Board of Directors has determined that each current member of the Compensation Committee is independent as defined in the NASDAQ listing standards.

 

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The functions of the Compensation Committee consist of determining executive officers’ salaries and bonuses as well as administering and determining awards to be granted under the Company’s 2004 Stock Incentive Plan and the Employee Stock Purchase Plan. The Compensation Committee charter is available in the corporate governance section under Investor Relations on our website at www.westell.com.

The Compensation Committee is responsible for evaluating and setting the compensation for our CEO. The Compensation Committee sets executive compensation by evaluating base salary, benefits, annual incentive compensation (“Incentive Plan”) and long-term equity incentives on an annual basis. The Company management is responsible for recommending to the Compensation Committee the amount of compensation of our other executive officers. The Compensation Committee reviews such recommendations and has the authority to approve or revise such recommendations. The CEO and other members of management do not participate in deliberations relating to their own compensation. Under its charter, the Compensation Committee may form and delegate authority to subcommittees as it deems appropriate. For fiscal 2009, the Compensation Committee reviewed and approved the total compensation package for each of the Company’s executive officers.

This excerpt taken from the WSTL DEF 14A filed Jul 29, 2008.

The Compensation Committee

 

The Compensation Committee met seven times in fiscal 2008. The Board of Directors has determined that each current member of the Compensation Committee is independent as defined in the NASDAQ listing standards. The functions of the Compensation Committee consist of determining executive officers’ salaries and bonuses as well as administering and determining awards to be granted under the Company’s 2004 Stock Incentive Plan and the Employee Stock Purchase Plan. The Compensation Committee charter is available in the corporate governance section on our website at www.westell.com.

 

This excerpt taken from the WSTL DEF 14A filed Aug 10, 2007.

The Compensation Committee

 

The Compensation Committee met three times in fiscal 2007. The Board of Directors has determined that each current member of the Compensation Committee is independent as defined in the Nasdaq listing standards. The functions of the Compensation Committee consist of determining executive officers’ salaries and bonuses as well as administering and determining awards to be granted under the Company’s 1995 Stock Incentive Plan, the 2004 Stock Incentive Plan and the Employee Stock Purchase Plan.

 

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