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This excerpt taken from the AN DEF 14A filed Apr 28, 2006. Bonus
In addition to his annual base salary, Mr. Jackson was
awarded a $1,317,747 bonus for 2005 under the AutoNation, Inc.
Senior Executive Incentive Bonus Plan. As described above,
payment of the bonus was based on company achievement against
predetermined performance goals relating to operating income per
share (75% weight) and operating income as a percentage of gross
profit (25% weight). This bonus structure was designed to
incentivize company management to improve operating performance
and deploy capital productively. As part of our retention
efforts with respect to Mr. Jackson, receipt of $329,404 of
the bonus payable to Mr. Jackson for 2005 will be deferred
(without interest) until February 2007, subject to certain terms
and conditions.
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