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Western Digital Corporation
Summary of Compensation Arrangements
for
Named Executive Officers and Directors
Base
Salaries . The current annual base salaries for the current
executive officers of Western Digital Corporation (the
“Company”) who were named in the Summary Compensation
Table in the Company’s Proxy Statement that was filed with
the Securities and Exchange Commission in connection with the
Company’s 2008 Annual Meeting of Stockholders (the
“Named Executive Officers”) are as follows:
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Named Executive
Officer
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Title
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Current Base Salary
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John F.
Coyne
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President and Chief Executive Officer
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$
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600,000
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Timothy M.
Leyden
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Executive Vice President and Chief Financial
Officer
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$
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412,500
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Raymond M.
Bukaty
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Senior Vice President, Administration, General
Counsel and Secretary
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$
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348,500
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Hossein
Moghadam
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Senior Vice President, Chief Technology
Officer
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$
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348,500
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Semi-Annual
Bonuses . Under the Company’s Incentive Compensation Plan
(the “ICP”), the Named Executive Officers are also
eligible to receive semi-annual cash bonus awards that are
determined based on the Company’s achievement of performance
goals pre-established by the Compensation Committee (the
“Committee”) of the Company’s Board of Directors
as well as other discretionary factors. On February 4, 2009,
the Committee established the performance goals for the cash bonus
awards payable for the six-month period beginning December 27,
2008 and ending July 3, 2009. Specifically, the Committee
selected earnings per share as the financial performance goal and
established specific earnings per share goals to correspond to
specific achievement percentages ranging between 0% and
200%.
At the end of the
six-month performance period, the ICP will fund in an amount
ranging from 0% to 200% based on an interpolation between the
Company’s performance as measured against the pre-established
earnings per share goals and other dis
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