POL » Topics » W. David Wilson Severance Payments

This excerpt taken from the POL DEF 14A filed Mar 24, 2009.
W. David Wilson Severance Payments
 
On September 9, 2008, Mr. Wilson terminated from service. Consistent with our Executive Severance Plan, Mr. Wilson receives two years of base salary ($732,000), earned incentives under the Annual Plan through his termination date ($110,876), continued medical, dental and vision for two years ($16,533), gross up of employer contributions towards coverage ($12,341) and outplacement benefits for one year ($9,000). In addition, Mr. Wilson also agreed to act as a consultant through the end of 2008 and received $14,940. Mr. Wilson’s consulting arrangement is described more fully in the “Compensation Discussion and Analysis — Termination Payments for Other Named Executive Officers” section of this proxy statement.
 
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