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RVBD » Topics » Randy S. Gottfried

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

Randy S. Gottfried

The following table describes the potential payments and benefits upon employment termination before or after a change in control for Mr. Gottfried, our Chief Financial Officer and Senior Vice President of Business Services, as if his employment terminated as of December 31, 2008, the last business day of our last 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

    —    —    —    —    275,000  

Highest Target Bonus

    —    —    —    —    135,000  

Last Fiscal Year Target Bonus

    —    —    —    —    —  

Unvested Option Shares and Unexercisable Options Accelerated

    —    —    —    —    608,924 (1)

Benefits and Perquisites:

               

Health Care Premiums/Contributions (2)

    —    —    —    —    5,868  

Accrued Vacation Pay (3)

    18,159    18,159    18,159    18,159    18,159  
                          

Total

    18,159    18,159    18,159    18,159    1,042,951  
                          

 

(1) Represents 50% of the unvested shares subject to options granted in 2005 and 2006 held by Mr. Gottfried 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. Gottfried 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) Represents the cost of medical, dental and vision care premiums under COBRA for a 12-month period that will be paid on behalf of Mr. Gottfried upon a change in control.

 

(3) Assumes that Mr. Gottfried had 3.4 weeks of accrued but unused vacation, which was paid based on his annual base salary for the last fiscal year.

 

37

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

Randy S. Gottfried

The following table describes the potential payments and benefits upon employment termination before or after a change in control for Mr. Gottfried, our Chief Financial Officer and Senior Vice President of Business Services, as if his employment terminated as of December 31, 2007, the last business day of our last 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

   —   —   —   —   1,542,098 (1)

Benefits and Perquisites:

          

Health Care Premiums/Contributions

   —   —   —   —   —  

Accrued Vacation Pay (2)

   19,231   19,231   19,231   19,231   19,231  
                     

Total

   19,231   19,231   19,231   19,231   1,561,329  
                     

 

(1) 50% of the shares subject to options held by Mr. Gottfried will vest if he is involuntarily terminated within 12 months after a change in control.

 

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

 

35

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

Randy S. Gottfried

The following table describes the potential payments and benefits upon employment termination before or after a change in control for Mr. Gottfried, our Chief Financial Officer and Senior Vice President of Business Services, as if his employment terminated as of December 29, 2006, the last business day of our last 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    $ 0    $ 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    $ 5,840,520 (1)

Benefits and Perquisites:

               

Health Care Premiums/Contributions

    $ 0    $ 0    $ 0    $ 0    $ 0  

Accrued Vacation Pay (2)

    $ 12,238    $ 12,238    $ 12,238    $ 12,238    $ 12,238  
                                    

Total

    $ 12,238    $ 12,238    $ 12,238    $ 12,238    $ 5,852,758  
                                    
(1) 50% of the shares subject to options held by Mr. Gottfried will vest if he is involuntarily terminated within 12 months after a change in control.

 

(2) Assumes that Mr. Gottfried had 2.96 weeks of accrued but unused vacation, which was paid based on his annual base salary for the last fiscal year.

 

34

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

Randy S. Gottfried

The following table describes the potential payments and benefits upon employment termination before or after a change in control for Mr. Gottfried, our Chief Financial Officer and Senior Vice President of Business Services, as if his employment terminated as of December 29, 2006, the last business day of our last 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    $ 0    $ 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    $ 5,840,520 (1)

Benefits and Perquisites:

               

Health Care Premiums/Contributions

    $ 0    $ 0    $ 0    $ 0    $ 0  

Accrued Vacation Pay (2)

    $ 12,238    $ 12,238    $ 12,238    $ 12,238    $ 12,238  
                                    

Total

    $ 12,238    $ 12,238    $ 12,238    $ 12,238    $ 5,852,758  
                                    
(1) 50% of the shares subject to options held by Mr. Gottfried will vest if he is involuntarily terminated within 12 months after a change in control.

 

(2) Assumes that Mr. Gottfried had 2.96 weeks of accrued but unused vacation, which was paid based on his annual base salary for the last fiscal year.

 

100

Table of Contents

EXCERPTS ON THIS PAGE:

DEF 14A
Apr 24, 2009
DEF 14A
Apr 25, 2008
DEF 14A
Oct 3, 2007
10-K
Feb 9, 2007

RELATED TOPICS for RVBD:

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