NFLX » Topics » Potential Payments upon Termination or Change-in-Control

This excerpt taken from the NFLX DEF 14A filed Apr 6, 2009.

Potential Payments upon Termination or Change-in-Control

 

The Named Executive Officers are beneficiaries of the Company’s Executive Severance and Retention Incentive Plan, as described in more detail above in “Compensation Discussion and Analysis.” The information below reflects the estimated value of the compensation to be paid by the Company to each of the Named Executive Officers in the event of termination or a change in control under the terms of the Executive Severance and Retention Incentive Plan. The amounts shown below assume that termination or change in control was effective as of December 31, 2008. The actual amounts that would be paid can only be determined at the time of the actual triggering event. The right to receive a severance benefit terminates upon a change in control transaction, so that the beneficiaries of the plan are not entitled to both a change in control benefit as well as a severance benefit.

 

Name


   Severance
Benefit


   Change in
Control
Benefit


Reed Hastings

   $ 1,500,000    $ 2,000,000

Barry McCarthy

     1,050,000      1,400,000

Leslie Kilgore

     1,125,000      1,500,000

Neil Hunt

     900,000      1,200,000

Ted Sarandos

     750,000      1,000,000

 

This excerpt taken from the NFLX DEF 14A filed Apr 2, 2008.

Potential Payments upon Termination or Change-in-Control

 

The Named Executive Officers are beneficiaries of the Company’s Executive Severance and Retention Incentive Plan, as described in more detail above in “Compensation Discussion and Analysis.” The information below reflects the estimated value of the compensation to be paid by the Company to each of the Named Executive Officers in the event of termination or a change in control under the terms of the Executive Severance and Retention Incentive Plan. The amounts shown below assume that termination or change in control was effective as of December 31, 2007. The actual amounts that would be paid can only be determined at the time of the actual triggering event. The right to receive a severance benefit terminates upon a change in control transaction, so that the beneficiaries of the plan are not entitled to both a change in control benefit as well as a severance benefit.

 

Name


   Severance
Benefit


   Change in
Control
Benefit


Reed Hastings

   $ 1,500,000    $ 2,000,000

Barry McCarthy

     1,050,000      1,400,000

Leslie Kilgore

     1,125,000      1,500,000

Neil Hunt

     900,000      1,200,000

Ted Sarandos

     750,000      1,000,000

 

29


This excerpt taken from the NFLX DEF 14A filed Mar 27, 2007.

Potential Payments upon Termination or Change-in-Control

 

The Named Executive Officers are beneficiaries of the Company’s Executive Severance and Retention Incentive Plan, as described in more detail above in “Compensation Discussion and Analysis.” The information below reflects the estimated value of the compensation to be paid by the Company to each of the Named Executive Officers in the event of termination or a change in control under the terms of the Executive Severance and Retention Incentive Plan. The amounts shown below assume that termination or change in control was effective as of December 31, 2006. The actual amounts that would be paid can only be determined at the time of the actual triggering event. The right to receive a severance benefit terminates upon a change in control transaction, so that the beneficiaries of the plan are not entitled to both a change in control benefit as well as a severance benefit.

 

Name


   Severance
Benefit


   Change in
Control
Benefit


Reed Hastings

   $ 1,125,000    $ 1,500,000

Barry McCarthy

     900,000      1,200,000

Leslie Kilgore

     900,000      1,200,000

 

"Potential Payments upon Termination or Change-in-Control" elsewhere:

Lithia Motors (LAD)
Warner Music Group (WMG)
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