Silicon Labs approves 2022 Bonus Plan for employees and executive officers

SILICON LABORATORIES INC.

Compensation Committee approved the 2022 Bonus Plan on January 27, 2022.
Plan provides cash bonuses based on individual or company performance criteria such as adjusted operating income, EPS, revenue, and gross margin.
Bonuses are calculated as a percentage of eligible earnings (base salary/wages); overtime included for non-exempt employees.
Bonus payments are issued 4–6 weeks after measurement period, discretionary, and not vested; company can modify or eliminate plan at any time.
Plan covers regular employees not in other bonus plans, including executive officers, for fiscal year 2022.

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