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This excerpt taken from the WDC DEF 14A filed Sep 28, 2009. Deferred
Compensation Plan for Non-Employee Directors
For each calendar year, we permit each non-employee director to
defer payment of between a minimum of $2,000 and a maximum of
100% of any cash compensation to be paid to the director during
that calendar year in accordance with our Deferred Compensation
Plan. If a director has elected to receive common stock pursuant
to our Non-Employee Directors
Stock-for-Fees
Plan in lieu of annual retainer or meeting fees otherwise
payable to the director, the director is also permitted to make
a deferral election with respect to such common stock. In that
event, we credit deferred stock units to the director’s
deferred compensation account in an amount equal to the cash fee
the director would have otherwise received divided by the
closing market price of a share of our common stock on the date
the cash fee would have been paid. The deferred stock units
carry no voting or dividend rights.
We also permit non-employee directors to defer payment of any
restricted stock units awarded under our Non-Employee Director
Restricted Stock Unit Grant Program beyond the vesting date of
the award. Restricted stock units and other amounts deferred in
cash by a director are generally credited and payable in the
same manner as amounts deferred by our executive officers and
other participants in our Deferred Compensation Plan as further
described below under “Fiscal 2009 Non-Qualified Deferred
Compensation Table” beginning on page 41.
This excerpt taken from the WDC DEF 14A filed Sep 23, 2008. Deferred
Compensation Plan for Non-Employee Directors
For each calendar year, we permit each non-employee director to
defer payment of between a minimum of $2,000 and a maximum of
100% of any cash compensation to be paid to the director during
that calendar year in accordance with our Deferred Compensation
Plan. If a director has elected to receive common stock pursuant
to our Non-Employee Directors Stock-for-Fees Plan in lieu of
annual retainer or meeting fees otherwise payable to the
director, the director is also permitted to make a deferral
election with respect to such common stock. In that event, we
credit deferred stock units to the director’s deferred
compensation account in an amount equal to the cash fee the
director would have otherwise received divided by the closing
market price of a share of our common stock on the date the cash
fee would have been paid. The deferred stock units carry no
voting or dividend rights.
We also permit non-employee directors to defer payment of any
restricted stock units awarded under our
Non-Employee
Director Restricted Stock Unit Grant Program beyond the vesting
date of the award. Restricted stock units and other amounts
deferred in cash by a director are generally credited and
payable in the same manner as amounts deferred by our executive
officers and other participants in our Deferred Compensation
Plan as further described below under “Fiscal 2008
Non-Qualified Deferred Compensation Table” beginning on
page 40.
This excerpt taken from the WDC DEF 14A filed Sep 24, 2007. Deferred
Compensation Plan for Non-Employee Directors
For each calendar year, we permit each non-employee director to
defer payment of between a minimum of $2,000 and a maximum of
100% of any cash compensation to be paid to the director during
that calendar year in accordance with our Deferred Compensation
Plan. If a director has elected to receive common stock pursuant
to our Non-Employee Directors Stock-for-Fees Plan in lieu of
annual retainer or meeting fees otherwise payable to the
director, the director is also permitted to make a deferral
election with respect to such common stock. In that event, we
credit deferred stock units to the director’s deferred
compensation account in an amount equal to the cash fee the
director would have otherwise received by the closing market
price of a share of our common stock on the date the cash fee
would have been paid. The deferred stock units carry no voting
or dividend rights.
We also permit non-employee directors to defer receipt of any
restricted stock units awarded under our Non-Employee Director
Restricted Stock Unit Grant Program beyond the vesting date of
the award. Restricted stock units and other amounts deferred in
cash by a director are generally credited and payable in the
same manner as amounts deferred by our executive officers and
other participants in our Deferred Compensation Plan as further
described below under “Executive Compensation —
Non-Qualified Deferred Compensation — Fiscal
2007” beginning on page 40 below.
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