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Monday, April 11, 2016 6:39:05 PM
and reward fairly those individuals who perform over time at or above the levels that we expect and to attract,
as needed, and retain individuals with the skills necessary to achieve our objectives and who are crucial to our
long-term success. Our compensation program is also designed to reinforce a sense of ownership and to link
compensation to our performance as well as the performance of each of our named executive officers.
We rely on qualified, highly skilled and talented employees who have experience in the legal, intellectual
property licensing and enforcement, and other technology-related industries to execute our business plan and
strategy. Thus, our compensation program is structured in a manner similar to companies in these industries in
order to attract and retain talented employees who may have other opportunities in these industry areas.
Our compensation program consists of these general elements:
• a fixed portion of compensation, in the form of a base salary, to retain and provide a base level of
compensation to our named executive officers; and
• a long-term performance element in the form of equity, to incentivize our named executive officers
to achieve superior corporate performance.
In determining the total amount and mixture of the compensation for each of our named executive
officers, the Compensation Committee subjectively considers the overall value to the Company of each named
executive officer in light of numerous factors, including, but not limited to, the following:
• our competitive position;
• our financial performance and the contribution of each individual to our financial performance;
• individual performance, including past and expected contribution to our corporate goals and
execution of our business plan and strategy; and
• our long-term needs and operational goals, including attracting and retaining key management
personnel.
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