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This excerpt taken from the WDC DEF 14A filed Sep 23, 2008. Retention
Agreements with Mr. Coyne and
Dr. Moghadam
On September 21, 2004, we entered into retention agreements
with each of Mr. Coyne and Dr. Moghadam. Pursuant to
these agreements, Mr. Coyne received a cash award in the
amount of $300,000 and Dr. Moghadam received a cash award
in the amount of $450,000. Each award vested and became payable
25% on September 1, 2005, 30% on September 1, 2006 and
45% on September 1, 2007. The last installment payable to
Mr. Coyne and Dr. Moghadam under these agreements on
September 1, 2007 is included in the Bonus column of the
“Fiscal 2007 and 2008 Summary Compensation Table”
above.
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