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This excerpt taken from the WDC 8-K filed Nov 19, 2007. Deferred
Compensation Plan
Employees at or above the director level are eligible to
participate in the Company’s Deferred Compensation Plan,
which provides for the deferral of stock purchase rights.
Eligible employees may elect to defer any stock purchase rights
they are eligible to receive during any calendar year the plan
remains in effect. All deferrals must equal 100% of the shares
to be awarded at the fair market value, calculated on the date
of grant, of the stock purchase rights that would have otherwise
been received. Distributions shall be paid in the form of shares
of the Company’s common stock at such time as may be
elected by each participant.
As of December 31, 2006, the issuance of 12,500 shares
have been deferred in accordance with the Deferred Compensation
Plan.
This excerpt taken from the WDC DEF 14A filed Sep 24, 2007. Deferred
Compensation Plan
Upon a named executive officer’s death, retirement or other
termination of employment, the executive officer will generally
receive a payout of any non-qualified deferred compensation
balances under our Deferred Compensation Plan. Please see the
“Non-Qualified Deferred Compensation — Fiscal
2007” table above and the related discussion for a
description of the current deferred compensation balances of our
named executive officers as of the end of fiscal 2007 and the
terms that apply to the payout of their balances.
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