Silicon Labs approves 2023 Bonus Plan for employees including executives

SILICON LABORATORIES INC.

Plan covers 2023 fiscal year; eligible employees are regular full/part-time staff not in other bonus plans.
Bonuses based on individual/company performance criteria such as adjusted operating income, EPS, revenue, gross margin.
Compensation Committee sets metrics for executives; CEO determines for other eligible employees.
No specific target values or payout amounts disclosed; plan is discretionary and may be modified or eliminated at any time.
Bonuses paid as percentage of base salary/wages; payment within 4-6 weeks after period end.

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