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Compensation

Compensation Policy and the Amount of Compensation

1) Compensation policy

The Compensation Committee establishes compensation policy regarding compensation of each director and/or executive officer as follows.
Since the main responsibility of directors is to supervise the execution of the overall Group's business, compensation for directors is determined at an adequate level to secure highly competent personnel and to ensure effective work of the supervisory function.
Since the responsibility of executive officers is to increase corporate value in their capacity as executives responsible for companies or divisions within the Group, compensation for executive officers is divided into fixed compensation and performance-based compensation, and determined at an adequate level to secure highly competent personnel and ensure their compensation package functions as an effective incentive to improve business performance.

(1) Director's compensation

Fixed compensation is paid to directors who do not concurrently hold office as an executive officer, and is based on status as a full-time or part-time director and on the duties performed.
The fixed compensation is paid to directors who concurrently hold office as an executive officer, in addition to the executive officer compensation specified in (2) below.

(2) Executive officer's compensation

Executive officer compensation is comprised of the basic compensation based on executive officer rank (e.g. representative executive officer, president and chief executive officer, representative executive officer, corporate senior executive vice president) and the service compensation calculated according to the duties of the executive officer. Some 40-45% of the service compensation will fluctuate from zero (no compensation) to 2 times according to the year-end performance of the Company or of the division for which the executive officer is responsible.

(3) Compensation standard

Compensation standards are determined at suitable levels for a global company, with the aim of securing highly competent management personnel. The compensation standards of other listed companies and payroll and benefits of employees are considered when determining the Company's compensation standards of management.

2) Amounts of compensation for FY2012

Amounts of compensation of directors and executive officers for FY2012 are as follows:

Position Total Amount
(Millions of yen)
Fixed Compensation
(Millions of yen)
Performance based Compensation
(Millions of yen)
Number of Persons
Directors
(excluding Outside Directors)
236 236 - 11
Outside Directors 59 59 - 6
Executive Officers 1,199 1,101 98 36

Directors and executive officers whose total compensation exceeded 100 million yen for FY2012

Name Position Company Fixed Compensation
(Millions of yen)
Performance based Compensation
(Millions of yen)
Total Amount
(Millions of yen)
Atsutoshi Nishida Director Toshiba Corporation 127 - 127
Norio Sasaki Director Toshiba Corporation 6 - 115
Executive Officer 102 7

This Web site contains projections of business results, statements regarding business plans and other forward-looking statements. This information is based on certain assumptions, such as the economic environment, business policies and other factors, as of the date when each document was posted. Actual results may differ significantly from the estimates listed here.

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