Compensation Elements for Paul C. Svindland
Contract Categories:
Human Resources
- Compensation Agreements
EX-10.4 5 d398629dex104.htm EX-10.4 EX-10.4
EXHIBIT 10.4
Compensation Elements for Paul C. Svindland
| Title | Chief Operating Officer | |
| Annual Base Salary | $425,000 | |
| Sign-On Bonus | $250,000 payable on February 15, 2013, subject to employment on that date | |
| Monthly Car Allowance | $1,200 | |
| Perquisites | Reimbursement of reasonable country club membership dues | |
| Target Annual Bonus Plan Percentage | 75% of annual base salary, consistent with the company’s annual bonus plan | |
| Target Long-Term Incentive Plan Award | 100% of annual base salary | |
| Employment Agt. (Yes/No); Severance Period | Yes, 12 month severance period | |
| Participation in Supplemental Severance Program (Yes/No); Enhanced Severance Period | Yes, 24 month severance period if the executive’s employment is terminated by the Company without cause or by the executive with “good reason” within 18 months after a change in control | |
| Covenants: | Under the Company’s standard employment agreement, he will be subject to post-termination covenants requiring him to protect the confidentiality of the Company’s proprietary business information and trade secrets and, for 12 months after termination, not to participate in a business that competes with the Company and not to solicit its employees, customers, vendors, agents or contractors to alter adversely their relationship with the Company. | |
| Relocation Benefits | Reimbursement of temporary housing until the earlier of relocation of his residence to Dublin, OH or August 30, 2013 plus reimbursement (grossed up for taxes) of moving expenses, consistent with the Company’s relocation policy | |
