YHOO » Topics » Employment Agreements

This excerpt taken from the YHOO DEF 14A filed Apr 29, 2009.

Employment Agreements

In May 2007, the Company entered into an employment letter agreement with Mr. Jorgensen, our Chief Financial Officer. The agreement provides for an initial annual base salary of $450,000, subject to annual review, and a target annual cash bonus equal to 100% of his base salary. The agreement is for at-will employment and does not provide a specified term.

In January 2008, the Company entered into an employment letter agreement with Mr. Balogh, our Chief Technology Officer. The agreement provides for an annual base salary of $550,000, subject to annual review, and a target annual cash bonus equal to 100% of his base salary. The agreement also provides for Mr. Balogh to receive a sign-on bonus of $100,000 and relocation assistance up to a maximum of $450,000. The agreement also provides for the awards of options and restricted stock units listed in the table above. The agreement is for at-will employment and does not provide a specified term.

 

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Table of Contents
These excerpts taken from the YHOO 10-K filed Apr 29, 2008.
Employment Agreements
 
In May 2007, the Company entered into an employment letter agreement with Mr. Jorgensen, our Chief Financial Officer. The agreement provided for an initial annual base salary of $450,000, subject to annual review, and a target annual cash bonus equal to 100% of his base salary. The agreement is for at-will employment and does not provide a specified term.
 
In October 2004, the Company entered into an employment letter agreement with Mr. Murray, our Chief Accounting Officer. The agreement provided for an initial annual base salary of $325,000, subject to annual review, and provides that Mr. Murray’s eligibility to participate in the Company’s incentive bonus plans is also subject to annual review. The agreement is for at-will employment and does not provide a specified term.
 
Employment
Agreements



 



In May 2007, the Company entered into an employment letter
agreement with Mr. Jorgensen, our Chief Financial Officer.
The agreement provided for an initial annual base salary of
$450,000, subject to annual review, and a target annual cash
bonus equal to 100% of his base salary. The agreement is for
at-will employment and does not provide a specified term.


 



In October 2004, the Company entered into an employment letter
agreement with Mr. Murray, our Chief Accounting Officer.
The agreement provided for an initial annual base salary of
$325,000, subject to annual review, and provides that
Mr. Murray’s eligibility to participate in the
Company’s incentive bonus plans is also subject to annual
review. The agreement is for at-will employment and does not
provide a specified term.


 




This excerpt taken from the YHOO DEF 14A filed Apr 30, 2007.
Employment Agreements
 
In April 2001, the Company entered into an employment letter agreement with Mr. Semel, our Chief Executive Officer. The agreement provides for a base salary of $310,000, subject to discretionary increases through annual reviews. As noted above, Mr. Semel’s annual base salary was reduced to $1 for the three-year period covered by his retention and performance arrangement. The agreement is for at-will employment and does not provide a specified term.
 
In April 2002, the Company entered into an employment agreement with Mr. Rosensweig. As described below under “Potential Payments Upon Termination or Change in Control,” the agreement has been superseded by the Separation Agreement in connection with Mr. Rosensweig’s resignation. The Company does not have employment agreements with any of the other Named Executive Officers.
 
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