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These excerpts taken from the EYE 10-K filed Feb 24, 2009. Mr. Lambert Mr. Lambert joined the Company in October 2007 as Executive Vice President and Chief Financial Officer. Mr. Lamberts offer letter (the Lambert Offer Letter) includes a severance agreement that provides that, if Mr. Lambert is terminated for anything other than cause, he will receive a severance payment equal to twelve months of base pay, a prorated management bonus (determined as if all corporate targets were achieved and prorated for completed months of employment in the plan year, divided by twelve) (effective July 1, 2009, if Mr. Lambert is deemed to be a covered employee for purposes of Section 162(m) of the Code, the annual incentive award is similarly prorated but is instead based on actual corporate performance for the applicable performance year during which the termination occurred), and twelve months of health care benefit continuation. For this purpose, cause is defined as: (i) willful refusal to comply with a lawful, written instruction by the Companys Chief Executive Officer or the board of directors, so long as the instruction is consistent with the scope and responsibilities of his position prior to termination; (ii) dishonesty that results in a material financial loss to the Company or material injury to its public reputation; or (iii) conviction of any felony involving an act of moral turpitude.
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Table of ContentsMr. Lambert SIZE="2">Mr. Lambert joined the Company in October 2007 as Executive Vice President and Chief Financial Officer. Mr. Lamberts offer letter (the Lambert Offer Letter) includes a severance agreement that provides that, if 143 Table of ContentsSeverance and General Release Agreements with Messrs. Post and Trenary and Ms. Rady On November 14, 2008, the Company notified Messrs. Post and Trenary and Ms. Rady that their employment would be terminated Under the terms of the Severance and General Release Agreements, however, the change in control terms under each executives Mr. Lambert SIZE="2">Mr. Lambert joined the Company in October 2007 as Executive Vice President and Chief Financial Officer. Mr. Lamberts offer letter (the Lambert Offer Letter) includes a severance agreement that provides that, if 143 Table of ContentsSeverance and General Release Agreements with Messrs. Post and Trenary and Ms. Rady On November 14, 2008, the Company notified Messrs. Post and Trenary and Ms. Rady that their employment would be terminated Under the terms of the Severance and General Release Agreements, however, the change in control terms under each executives This excerpt taken from the EYE DEF 14A filed Apr 25, 2008. Mr. Lambert
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