EX-10.2
from 10-Q
4 pages
9 July 2008 Peter Ryan Dear Peter, This Letter Serves to Confirm Your Position of Executive Vice President, Global Sales and Services With Sun Microsystems Uk Limited, Reporting to Jonathan Schwartz, CEO and President, Effective 2 June 2008. Please Note: The Terms Listed in This Summary Are Subject to the Review of the Leadership Development & Compensation Committee of the Board of Directors (The “Ldcc”). We Expect Their Confirmation on or by July 30, 2008, the Date of Their Next Regularly Scheduled Meeting. Remuneration: (The Following Replaces the Salary Terms in Your Offer Letter of 18 May 2006, and Your International Assignee Letter of 18 May 2007.) Base Salary: £ 329,000 (Gbp, Per Annum ) Smi Bonus Target %: 150 % Bonus Target £: £ 493,500 (Gbp, Per Annum ) Total On-Target Cash: £ 822,500
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