RVBD » Topics » David M. Peranich

This excerpt taken from the RVBD DEF 14A filed Apr 24, 2009.

David M. Peranich

The following table describes the potential payments and benefits upon employment termination before or after a change in control for Mr. Peranich, our Senior Vice President of Worldwide Sales, as if his employment terminated as of December 31, 2008, the last business day of our fiscal year.

 

Executive Benefits and

Payments Upon Termination

   Voluntary
Resignation
Not for Good
Reason
($)
   Voluntary
Resignation
for Good
Reason
($)
   Termination
by Company
Not for Cause
($)
   Termination
by Company
For Cause
($)
   Involuntary
Termination
in connection
with or
following
Change in
Control
($)
 

Compensation:

              

Base Salary

                

Highest Target Bonus

                

Last Fiscal Year Target Bonus

                

Unvested Option Shares and Unexercisable Options Accelerated

               1,229,853 (1)

Benefits and Perquisites:

              

Health Care Premiums/Contributions

                

Accrued Vacation Pay (2)

   14,477    14,477    14,477    14,477    14,477  
                          

Total

   14,477    14,477    14,477    14,477    1,244,330  
                          

 

(1) Represents 100% of the unvested shares subject to options granted in 2005 and 2006 held by Mr. Peranich that will vest if he is involuntarily terminated within 12 months after a change in control. Also represents 100% of the unvested RSUs granted in 2008 that will vest if he is involuntarily terminated within 12 months after a change in control. Unvested stock options granted to Mr. Peranich in 2007 and 2008 will vest with respect to 100% of such shares if he is involuntarily terminated within 12 months of a change in control. Such unvested stock options are not included in the table above due to the option exercise price of the shares being greater than the value of the Company’s common stock as of December 31, 2008.

 

(2) Assumes that Mr. Peranich had 2.7 weeks of accrued but unused vacation, which was paid based on his annual base salary for the last fiscal year.

 

40


Table of Contents
This excerpt taken from the RVBD DEF 14A filed Apr 25, 2008.

David M. Peranich

The following table describes the potential payments and benefits upon employment termination before or after a change in control for Mr. Peranich, our Senior Vice President of Worldwide Sales, as if his employment terminated as of December 31, 2007, the last business day of the our fiscal year.

 

Executive Benefits and

Payments Upon Termination

  Voluntary
Resignation
Not for Good
Reason

($)
  Voluntary
Resignation
for Good
Reason

($)
  Termination
by Company
Not for Cause
($)
  Termination
by Company
For Cause
($)
  Involuntary
Termination
in connection
with or
following
Change in
Control

($)
 

Compensation:

         

Base Salary

           

Highest Target Bonus

           

Last Fiscal Year Target Bonus

           

Unvested Option Shares and Unexercisable Options Accelerated

          5,228,680 (1)

Benefits and Perquisites:

         

Health Care Premiums/Contributions

           

Accrued Vacation Pay (2)

  2,326   2,326   2,326   2,326   2,326  
                     

Total

  2,326   2,326   2,326   2,326   5,231,006  
                     

 

(1) 100% of the shares subject to options held by Mr. Peranich will vest if he is involuntarily terminated within 12 months after a change in control.

 

(2) Assumes that Mr. Peranich had 0.54 weeks of accrued but unused vacation, which was paid based on his annual base salary for the last fiscal year.

 

38


Table of Contents
This excerpt taken from the RVBD DEF 14A filed Oct 3, 2007.

David M. Peranich

The following table describes the potential payments and benefits upon employment termination before or after a change in control for Mr. Peranich, our Senior Vice President of Worldwide Sales, as if his employment terminated as of December 29, 2006, the last business day of the our fiscal year.

 

Executive Benefits and

Payments Upon Termination

   Voluntary
Resignation
Not for Good
Reason
   Voluntary
Resignation
for Good
Reason
   Termination
by Company
Not for Cause
    Termination
by Company
For Cause
   Involuntary
Termination
in connection
with or
following
Change in
Control
 

Compensation:

             

Base Salary

   $ 0    $ 0    $ 112,500 (3)   $ 0    $ 0  

Highest Target Bonus

   $ 0    $ 0    $ 0     $ 0    $ 0  

Last Fiscal Year Target Bonus

   $ 0    $ 0    $ 0     $ 0    $ 0  

Unvested Option Shares and Unexercisable Options Accelerated

   $ 0    $ 0    $ 0     $ 0    $ 9,680,000 (1)

Benefits and Perquisites:

             

Health Care Premiums/Contributions

   $ 0    $ 0    $ 6,203 (4)   $ 0    $ 0  

Accrued Vacation Pay (2)

   $ 1,028    $ 1,028    $ 1,028     $ 1,028    $ 1,028  
                                     

Total

   $ 1,028    $ 1,028    $ 119,731     $ 1,028    $ 9,681,028  
                                     

(1) 100% of the shares subject to options held by Mr. Peranich will vest if he is involuntarily terminated within 12 months after a change in control.

 

(2) Assumes that Mr. Peranich had 0.24 weeks of accrued but unused vacation, which was paid based on his annual base salary for the last fiscal year.

 

(3) Payment is based on Mr. Peranich’s last monthly base salary prior to the termination for a period of 6 months following the date of termination. This number assumes that Mr. Peranich did not commence employment with, or provide services as a consultant to, an entity other than us within 6 months after his termination.

 

(4) Assumes that Mr. Peranich’s monthly health care premium under COBRA is $1,033.87 per month and payment of such premium for a 6-month period.

 

36


Table of Contents
This excerpt taken from the RVBD 10-K filed Feb 9, 2007.

David M. Peranich

The following table describes the potential payments and benefits upon employment termination before or after a change in control for Mr. Peranich, our Senior Vice President of Worldwide Sales, as if his employment terminated as of December 29, 2006, the last business day of the our fiscal year.

 

Executive Benefits and
Payments Upon Termination

   Voluntary
Resignation
Not for
Good
Reason
   Voluntary
Resignation
for Good
Reason
   Termination by
Company Not
for Cause
    Termination by
Company For
Cause
   Involuntary
Termination in
connection
with or
following
Change in
Control
 

Compensation:

             

Base Salary

   $ 0    $ 0    $ 112,500 (3)   $ 0    $ 0  

Highest Target Bonus

   $ 0    $ 0    $ 0     $ 0    $ 0  

Last Fiscal Year Target Bonus

   $ 0    $ 0    $ 0     $ 0    $ 0  

Unvested Option Shares and Unvested Common Stock Accelerated

   $ 0    $ 0    $ 0     $ 0    $ 9,680,000 (1)

Benefits and Perquisites:

             

Health Care Premiums/Contributions

   $ 0    $ 0    $ 6,203 (4)   $ 0    $ 0  

Accrued Vacation Pay (2)

   $ 1,038    $ 1,038    $ 1,038     $ 1,038    $ 1,038  
                                     

Total

   $ 1,038    $ 1,038    $ 119,741     $ 1,038    $ 9,681,038  
                                     

(1) 100% of the shares subject to options held by Mr. Peranich will vest if he is involuntarily terminated within 12 months after a change in control.

 

(2) Assumes that Mr. Peranich had 0.24 weeks of accrued but unused vacation, which was paid based his annual base salary for the last fiscal year.

 

(3) Payment is based on Mr. Peranich’s last monthly base salary prior to the termination for a period of 6 months following the date of termination. This number assumes that Mr. Peranich did not commence employment with, or provide services as a consultant to, an entity other than us within 6 months after his termination.

 

(4) Assumes that Mr. Peranich’s monthly health care premium under COBRA is $1,033.87 per month and payment of such premium for a 6-month period.
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