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- 10-K Annual report
- 3.1 Registrant's Restated Certificate of Incorporation
- 10.1 Registrant's 1990 Long-term Equity Incentive Plan
- 10.4 Representative Form of Restricted Stock Unit Grant Agreement Under the 1990 Plan
- 10.5 Representative Form of Performance Restricted Stock Unit Agreement
- 10.11 Registrant's Section 162(M) Executive Officer Performance-based Bonus Plan
- 10.12 U.S. Vice President Severance Plan and Summary Plan Description
- 10.13 U.S. Vice President Involuntary Separation Plan and Summary Plan Description
- 10.14 Form of Change of Control Agrmnt Executed by Each Exec. Officer Other Than CEO
- 10.15 Form of Change of Control Agreement Executed by the Cob and CEO
- 10.17 Chief Executive Officer Bonus Terms for FY07
- 10.18 Elt Staff Executive Officer Bonus Terms for FY07
- 10.19 Compensation Terms for Scott Mcnealy
- 10.20 Compensation Terms for Jonathan Schwartz
- 21.1 Subsidiaries of Registrant
- 23.1 Consent of Independent Registered Public Accounting Firm
- 31.1 Rule 13A-14(A) Certification of Chief Executive Officer
- 31.2 Rule 13A-14(A) Certification of Chief Financial Officer
- 32.1 Section 1350 Certificate of Chief Executive Officer
- 32.2 Section 1350 Certificate of Chief Financial Officer
Exhibit 10.19
Compensation Terms for Scott McNealy
Mr. McNealy will continue to receive his current annual base salary and shall continue to be subject to his current bonus terms under the Bonus Plan through the remainder of fiscal year 2006. Effective on the first day of Sun’s fiscal 2007, July 1, 2006, Mr. McNealy will receive an annual base salary of $1,000,000 and his annual bonus target under the Bonus Plan will be 150% of his annual base salary.
Mr. McNealy will also be granted, effective April 27, 2006, the following equity-based compensation under the 1990 Plan:
• | an option to purchase 2,100,000 shares of Sun Common Stock at an exercise price equal to the per-share fair market value on the date of grant, which shall vest at a rate of 20% per year over five years; and |
• | 350,000 restricted stock units, which shall vest pursuant to certain performance criteria. |
Mr. McNealy will continue to participate in Sun’s employee benefit programs, including the VP Severance Plan. Mr. McNealy will also continue to be a party to Sun’s standard forms of Chief Executive Officer Change of Control Agreement and Indemnification Agreement.
Mr. McNealy shall continue to be eligible for the Amended FY04 Officer Bonus Plan for the Chief Executive Officer. Under this plan, Mr. McNealy will receive a bonus of $625,000 for fiscal 2004 if Sun achieves three consecutive quarters of operating profitability and year over year revenue growth on or by the end of fiscal 2007.
Finally, Sun will continue to provide Mr. McNealy with private jet access for business use.