Exhibit 10.24


 


Summary of Compensation Payable to Named
Executive Officers


 


Base Salary. The
Compensation Committee (the “Committee”) of the Board of Directors of Yahoo!
Inc. (“Yahoo!”) approved the annual base salaries (effective January 1, 2006,
except as noted below for Mr. Semel) of Yahoo!’s executive officers. The
following table shows the annual base salary for 2006 of our Chief Executive
Officer and four most highly compensated other executive officers (based on
their total annual salary and bonus compensation during 2005), also referred to
as the Named Executive Officers.


 


	
  Name and Principal Position

  	
   

  	
  Salary

  	
   

  
	
  Terry S.
  Semel

  Chairman and Chief Executive Officer

  	
   

  	
  $

  	
  1

  	
  *

  
	
   

  	
   

  	
   

  	
   

  
	
  Susan Decker

  Executive Vice President, Finance and Administration, and Chief Financial
  Officer

  	
   

  	
  $

  	
  500,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Daniel L.
  Rosensweig

  Chief Operating Officer

  	
   

  	
  $

  	
  500,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Farzad Nazem

  Chief Technical Officer and Executive Vice President, Engineering and Site
  Operations

  	
   

  	
  $

  	
  450,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Michael J.
  Callahan

  Senior Vice President, General Counsel and Secretary

  	
   

  	
  $

  	
  325,000

  	
   

  



 






	
  *

  	
  In May 2006 the Committee approved a $1 base salary rate for Mr.
  Semel for the period from June 1, 2006 through December 31, 2006, as well as
  for each of calendar 2007 and calendar 2008. For the period from January 1,
  2006 through May 31, 2006, Mr. Semel was paid at his 2005 rate of base
  salary, $600,000 annually.

  



 


Bonus. In
addition to receiving base salary, Yahoo!’s Named Executive Officers are also
generally eligible to receive an annual bonus as described below.


 


For each of 2006 through 2008, Mr. Semel will be eligible to receive a
discretionary annual bonus payable in the form of a fully vested nonqualified
stock option for up to 1 million shares of Yahoo! common stock with an exercise
price equal to the closing trading price of Yahoo!’s common stock on the date
of the grant of the award. The amount of each such annual bonus, if any, will
be determined by the Committee based on the achievement of Yahoo!’s strategic
and operating priorities each year and other objective and subjective
performance criteria to be established by the Committee.


 


For each of 2006 through 2009, Mr. Rosensweig and Ms. Decker will each
be eligible to receive an annual target cash bonus of $1 million. For each of
2006 and 2007, Mr. Nazem will be eligible to receive an annual target cash
bonus of $1 million. Mr. Callahan is also generally eligible to receive an
annual bonus. In each case, the amount of an executive’s annual bonus, if


 

















 


any, will be determined by the
Committee based on the executive’s and Yahoo!’s performance for the relevant
year.


 


Long-Term Incentives.
The Named Executive Officers are also eligible to receive equity-based
incentives and other awards from time to time in the discretion of the
Committee. Equity-based incentives granted by Yahoo! to the Named Executive
Officers are reported on Form 4 filings with the Securities and Exchange
Commission.