Compensation | Bonus Program | Stock | Benefits

Brocade has designed a comprehensive global Total Compensation Package designed to provide all of our employees worldwide with a variety of value-added programs and services. At Brocade, Total Compensation is a combination of base pay, incentives (bonus program and recognition awards), stock and benefits. Given Brocade's aggressive objectives, the competitive environment, and the need for high levels of performance, the following are key components of our compensation philosophy:

• Pay levels equivalent with industry leaders. Ensure and sustain a competitive position by targeting total compensation at levels that attract, retain, and motivate talent.
• Employees share in company's financial results and share in the ownership of the company through a Total Compensation Package.
• Employ a dual-career technical ladder.
• Support open communication of the compensation program.

Brocade believes strongly in rewarding performance. We offer a competitive cash compensation program, which includes base pay, and variable compensation for all employees, quarterly bonuses, commissions for sales personnel. To support our competitive, performance-based pay practices we make every effort to ensure that our salaries are both externally competitive and internally equitable.

Brocade has an extensive Quarterly Incentive Program designed to focus the efforts of employees and managers toward achieving predetermined, specific goals and objectives that are of critical importance to the success and future of Brocade. Bonuses are paid out quarterly based upon corporate goal achievement, individual objective achievement, and financial target achievement. ALL non-commissioned employees are eligible to participate in this competitive bonus program.

Brocade offers employees the opportunity to become shareholders in the company

• Common stock option grants are provided to employees.
• The Employee Stock Purchase Program allows employees the opportunity to purchase stock at a discounted price of 85 percent of the lesser of the fair market value of the company's stock at the beginning or end of the offering period. Employees may purchase these shares through payroll deductions of up to 15 percent of pay.

At Brocade, benefits are an integral part of our total compensation package. Globally, we provide competitive, comprehensive and cost-effective programs designed to meet the varying needs of our employees. We offer our employees a comprehensive and flexible benefit package. To qualify as a regular employee in the US, you must work 30 hours or more each week.

In the U.S. Brocade's benefits include:

• Medical
• Dental
• Vision
• Life Insurance
• Flexible Spending Accounts
• Paid Time Off and Holidays
• Disability
• 401(k) Plan
• Other Programs
  • Fitness Center
  • Education Reimbursement Program
  • Employee Assistance Program
  • Leave of Absence Program
  • Paternity Leave
  • Business Travel Accident Insurance
  • Employee Training Programs