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 Taleos 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, Taleos 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 |