GVHR » Topics » Compensation Paid to Named Executive Officers Who Departed in 2006

This excerpt taken from the GVHR DEF 14A filed Apr 12, 2007.
Compensation Paid to Named Executive Officers Who Departed in 2006
 
Severance Agreement with Sal J. Uglietta.  Mr. Uglietta resigned from his position as our senior vice president, benefits effective July 14, 2006. In connection with his separation, Mr. Uglietta was paid his previously established 2006 target level bonus award of $231,150. We also agreed to pay Mr. Uglietta an amount equal to $13,269.23 bi-weekly through March 2007, in addition to providing certain benefits, including compensation for accrued paid time off and access to health benefits. Mr. Uglietta was entitled to exercise all of his options to purchase common stock of the company which vested as of July 14, 2006, in accordance with the terms of the incentive plans under which such options were issued.
 
Severance Agreement with Roy C. King.  Mr. King resigned from his position as our president and chief operating officer effective October 13, 2006. In connection with his separation, Mr. King was paid a total of $520,000 severance in equal payments on the company’s regular payroll periods, until the last payroll period in December, 2006. Mr. King had no options vested on or prior to October 13, 2006.
 
Retirement of Lisa J. Harris.  Ms. Harris retired as our senior vice president and chief technology officer effective December 31, 2006. Ms. Harris received no additional compensation related to her retirement. Ms. Harris was entitled to exercise all of her options to purchase common stock of the company which vested as of December 31, 2006, in accordance with the terms of the incentive plans under which such options were issued.


22


Table of Contents

 
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki