Yahoo 2011 Annual Report Download - page 119

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target bonus percentage each year that is expressed as a percentage of the participant’s annual base salary. The
aggregate bonus pool available under the EIP for a particular year will equal the aggregate amount of the
participants’ target bonus opportunities, multiplied by a factor that may range from 50 percent to 200 percent
based on Yahoo!’s revenue ex-TAC growth rate and ex-TAC operating margin (each as defined in the EIP) for
that year. Payout of 100 percent of each participant’s bonus will be determined based on the Company’s
performance, although the Compensation Committee retains discretion under the EIP to reduce or eliminate the
amount of any EIP bonus otherwise payable to a participant as determined based on Company performance.
Participants whose employment is terminated or are under notice of termination prior to the EIP bonus payment
date are generally ineligible for an EIP bonus. The foregoing summary of the EIP is qualified in its entirety by
the provisions of the EIP.
The following table sets forth the 2012 EIP target bonus percentage, expressed as a percentage of the
participant’s annual base salary, for the Company’s principal executive officer, principal financial officer, and
the other executive officers who were named in the Summary Compensation Table of the Company’s Proxy
Statement filed with the SEC on April 29, 2011 and who are currently employed as executive officers of the
Company and will participate in the EIP:
Name and Principal Position
2012 Target Bonus
(% of Base Salary)
Scott Thompson ...................................................... 200%
Chief Executive Officer
Timothy R. Morse .................................................... 120%
Executive Vice President and Chief Financial Officer
Blake Irving ......................................................... 120%
Executive Vice President and Chief Product Officer
Ross B. Levinsohn .................................................... 120%
Executive Vice President, Americas
Michael J. Callahan ................................................... 90%
Executive Vice President, General Counsel and Secretary
Part III
Item 10. Directors, Executive Officers and Corporate Governance
The information required by this item is incorporated by reference to Yahoo!’s Proxy Statement for its 2012
Annual Meeting of Shareholders to be filed with the SEC within 120 days after the end of the fiscal year ended
December 31, 2011.
Item 11. Executive Compensation
The information required by this item is incorporated by reference to Yahoo!’s Proxy Statement for its 2012
Annual Meeting of Shareholders to be filed with the SEC within 120 days after the end of the fiscal year ended
December 31, 2011.
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder
Matters
The information required by this item is incorporated by reference to Yahoo!’s Proxy Statement for its 2012
Annual Meeting of Shareholders to be filed with the SEC within 120 days after the end of the fiscal year ended
December 31, 2011.
117