HAS » Topics » Severance Benefits for Frank Bifulco

This excerpt taken from the HAS DEF 14A filed Apr 8, 2008.
Severance Benefits for Frank Bifulco
 
Frank Bifulco’s employment with the Company terminated effective December 31, 2007. Pursuant to the Company’s Severance Benefits Plan, Mr. Bifulco is receiving continuation of his $475,000 base salary and continuation of his benefits (including medical, dental, vision and life insurance) both for one year from the date of termination of his employment. In addition, the Compensation Committee accelerated the vesting of two tranches of Mr. Bifulco’s outstanding unvested stock options effective as of December 31, 2007. An aggregate of 46,927 shares of Common Stock became purchaseable pursuant to this acceleration (20,000 shares with an exercise price of $20.57 per share and 26,927 shares with an exercise price of $18.815 per share).
 
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