iRobot 2014 Annual Report Download - page 42

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36
Transactions with Related Persons
Other than compensation agreements and other arrangements which are described in “Compensation Discussion and Analysis,”
in 2014, there was no transaction or series of similar transactions to which we were or will be a party in which the amount involved
exceeded or will exceed $120,000 and in which any director, executive officer, holder of five percent or more of any class of our
capital stock or any member of their immediate family had or will have a direct or indirect material interest.
Our board of directors has adopted a written related party transaction approval policy, which sets forth our policies and
procedures for the review, approval or ratification of any transaction required to be reported in our filings with the Securities and
Exchange Commission. Our policy with regard to related party transactions is that all related party transactions are to be reviewed by
our general counsel, who will determine whether the contemplated transaction or arrangement requires the approval of the board of
directors, the nominating and corporate governance committee, both or neither.