Item 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
SIGNATURE
EXHIBIT INDEX
EXHIBIT 10.1

Table of Contents

Item 5.02.   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
     On February 4, 2008, the Compensation Committee (“Committee”) of the Board of Directors of Taleo Corporation adopted the 2008 Executive Incentive Bonus Plan (the “Plan”). The Plan establishes the allocations, methodologies and metrics for the payment of quarterly and annual bonuses, if any, to all of Taleo’s executive officers and other members of senior management. A summary of the Plan is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
     In connection with the adoption of the Plan, on February 4, 2008, the Committee approved increases in the annual salary and target bonus of Michael Gregoire, Taleo’s president and chief executive officer. Effective as of January 1, 2008, Mr. Gregoire is entitled to an annual salary of $400,000, an increase of $100,000, and an annual target bonus of 125% of base salary, an increase of $100,000.
Item 9.01.   Financial Statements and Exhibits
(d)   Exhibits.
       
  Exhibit No.   Description
 
  10.1   Summary of the 2008 Executive Incentive Bonus Plan