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Compensation Package Blackberry

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Summary
Elements of Executive compensation package
The information below is taken from proxy circular- fiscal 2013. Main components of the executive compensation are: base salary; annual incentive; long-term incentive; retirement savings; and other compensation. The purpose of each of these elements is given below:
Base salary (annual fixed): this compensation provides to executive officers for their everyday services and reflects their role within the company, personal performance, experiences and contribution to the company.
Annual Incentive (variable): for an individual executive, this award depends upon their overall company performance and individual goal set for the fiscal year.
Long-term incentives (variable): awards paid in the stock options and/or RSU (restricted share units). The purpose of this award is to give executives a longer-term interest in the success of the company. Apparently, this reduces the influence to engage in the opportunistic behavior and motivates them to create and maintains the shareholders values.
Retirement saving (long-run): This element supports Executive Officers in saving for their retirement and Company matching program made available to all employees of the Company.
Other Compensation (Short & Long-Term): These programs are designed for the health and wellness of all employees. This program is same for companies al employees including executive officers.
Cost Optimization and Resource Efficiency (“CORE”) program: In March 2012, the Company started the CORE program with the objective to improve company’s operation and efficiency. According to Second Quarter Fiscal 2014 Results; BlackBerry posted a $965m second-quarter loss. In September 20, 2013, the company announced to cut 4,500 jobs, and approximately 40% of its work force to bring the cost in line. In addition, certain property, plant and equipment assets,

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