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This excerpt taken from the WDC DEF 14A filed Sep 28, 2009. Perquisites
Until August 2008, we provided Mr. Bukaty and
Dr. Moghadam with a perquisite allowance that was paid
bi-weekly with the executive’s salary payment. Effective
August 2008, we do not provide any executive officer with a
perquisite allowance and currently do not expect to grant a
perquisite allowance to any future executive officers. We do,
however, provide our executive officers with expanded health
benefits consisting of an allowance for medical and dental care,
and an allowance for financial planning services. In addition,
executives are entitled to various other benefits that are
available to all employees generally, including health and
welfare benefits, paid holidays and other time off and
participation in our 2005 Employee Stock Purchase Plan, a
stockholder-approved, tax-qualified plan that allows employees
to purchase shares of our common stock at a discount.
This excerpt taken from the WDC DEF 14A filed Sep 23, 2008. Perquisites
For fiscal 2008, we provided Mr. Bukaty and
Dr. Moghadam with a perquisite allowance that was paid
bi-weekly
with the executive’s salary payment. Effective August 2008,
we do not provide any executive officer with a perquisite
allowance and currently do not expect to grant a perquisite
allowance to any future executive officers. We also provide our
executive officers with certain other perquisites, including
expanded health benefits consisting of an allowance for medical
and dental care. In addition, executives are entitled to various
other benefits that are available to all employees generally,
including health and welfare benefits, paid holidays and other
time off and participation in our 2005 Employee Stock Purchase
Plan, a
stockholder-approved,
tax-qualified plan that allows employees to purchase shares of
our common stock at a discount.
We believe the perquisites and other benefits provided to our
executive officers are a relatively inexpensive way to enhance
the competitiveness of our executives’ compensation package
and are generally appropriate in light of the benefit packages
offered by companies in our peer group.
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