Performance Review and Compensation Policy

PERFORMANCE REVIEW AND COMPENSATION POLICY

  • The President of the Office Depot Foundation is an Office Depot, Inc. employee on loan to the Office Depot Foundation.
  • The President begins the performance review process by preparing a pre-review document at the end of the year.  The Executive Committee receives the information and conducts the yearly performance review of the President in a meeting with the President.
  • The Executive Committee prepares a written performance review which is shared with the Vice President and Assistant General Counsel to Office Depot, the position to which the Foundation President administratively reports within Office Depot, Inc.   
  • The Office Depot, Inc. Vice President accepts the performance review from the Executive Committee and together they prepare a mutually agreed upon review and determine the annual salary of the President within the appropriate guidelines set by Office Depot, Inc.