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This excerpt taken from the WDC DEF 14A filed Sep 24, 2007. Sign-on
Bonuses
In certain cases, the Compensation Committee may approve the
payment of a sign-on bonus in connection with the hiring of a
key executive. The Compensation Committee approves these bonuses
in circumstances in which it believes they are necessary to
attract and motivate a potential key hire to accept employment
with us, especially in light of other compensation the
individual may relinquish by accepting employment with us. In
April 2007, the Compensation Committee approved a sign-on bonus
of $75,000 for Mr. Leyden in connection with the
commencement of his employment with us. Mr. Leyden is
required to repay this sign-on bonus in the event he voluntarily
terminates his employment with us prior to being employed for
twelve full months.
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