5 5 3 The following charts set out the overall breakdown of tota l compensation between base salary (which is guaranteed) and incentive compensation (assuming incentive compensation is awarded at target). The Corp oration places a greater emphasis on long- term, at-risk, share-based compensation wi th such compensation comprising 60% of targeted total compensation for the President & CEO, 57% of targeted total compensation for the Chief Financial Officer and the Chief Legal Officer and 50% for the other Named Executive Officers. Each element of compensation is discussed in more detail below. Base Salary Base salary is a fixed element of compensation for each officer which is set by the CESGC annually and is the only comp onent of compensation that is guaranteed. Base salary is intended to fit into the Corporation’s overall compensation objectives by serving to attract and retain talented officers. The CESGC principally considers the following factors in setting base salaries, including any increases to base salaries: t he level of responsibility related to each officer’s position; t he base salaries paid to equivalent officers at industry peers generally; t he experience of the officer; t he officer’s overall performance versus established goals and objectives; and t he retention risk for each officer.