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.
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