This excerpt taken from the ATVI DEF 14A filed Apr 22, 2009.
George L. Rose
George L. Rose is party to an employment agreement with Activision Publishing, pursuant to which he served as the Chief Legal Officer of Activision Publishing until the consummation of the Combination and he currently serves as our Chief Legal Officer. Mr. Rose's term of employment under the agreement began on April 1, 2007 and will end on March 31, 2010.
Pursuant to the agreement, Mr. Rose's annual base salary was $475,000 on April 1, 2007 and was and will be increased automatically on April 1 of each year for the term of the agreement by at least 4% (or such higher amount as may be determined by the Board or the Compensation Committee in its sole discretion). For more information about Mr. Rose's base salary, see "Compensation Discussion and AnalysisElements of Compensation Program for the Nine Month Period Ended December 31, 2008Salary Analysis" above.
Mr. Rose is also eligible for an annual bonus with a target amount of 75% of his base salary, the actual amount of which will be determined by the Compensation Committee in its sole discretion based on his achievement of mutually agreed objectives and his overall performance and our financial performance. For more information about performance-based bonuses, see "Compensation Discussion and AnalysisElements of Compensation Program for the Nine Month Period Ended December 31, 20082008 Achievement of Performance Goals and Payouts" above. Mr. Rose is also entitled to participate in all benefit plans generally available to our senior executive officers and we are required to maintain a $2 million supplemental term life insurance policy for the benefit of his estate through the term of his employment.
As an inducement to enter into the employment agreement, Mr. Rose was granted (1) an option to purchase 480,000 shares of our Common Stock and (2) 50,000 restricted share units.
This excerpt taken from the ATVI 10-K filed Feb 27, 2009.
This Amendment #1 to Employment Agreement (this Amendment #1) is entered into as of December 15, 2008, by and between George Rose (Employee) and Activision Publishing, Inc. (Employer). All capitalized terms shall have the same meaning set forth in the Employment Agreement (as defined below).