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This excerpt taken from the SIRI DEF 14A filed Apr 30, 2009. Patrick
L. Donnelly
Mr. Donnelly has agreed to serve as our Executive Vice
President, General Counsel and Secretary, through April 2010. We
pay Mr. Donnelly an annual base salary of $525,000, and
annual bonuses in an amount determined each year by the
Compensation Committee of our board of directors.
If Mr. Donnelly’s employment is terminated without
cause or he terminates his employment for good reason, we are
obligated to pay him a lump sum payment equal to his annual
salary and the annual bonus last paid to him and to continue his
medical and life insurance benefits for one year.
In the event that any payment we make, or benefit we provide, to
Mr. Donnelly would require him to pay an excise tax under
Section 280G of the Internal Revenue Code, we have agreed
to pay Mr. Donnelly the amount of such tax and such
additional amount as may be necessary to place him in the exact
same financial position that he would have been in if the excise
tax was not imposed.
These excerpts taken from the SIRI 10-K filed Mar 10, 2009. Patrick L. Donnelly Mr. Donnelly has agreed to serve as our Executive Vice President, General Counsel and Secretary, through April 2010. We pay Mr. Donnelly an annual base salary of $525,000, and annual bonuses in an amount determined each year by the Compensation Committee of our board of directors. If Mr. Donnelly’s employment is terminated without cause or he terminates his employment for good reason, we are obligated to pay him a lump sum payment equal to the sum of his annual salary and the annual bonus last paid to him and to continue his medical and life insurance benefits for one year. In the event that any payment we make, or benefit we provide, to Mr. Donnelly would require him to pay an excise tax under Section 280G of the Internal Revenue Code, we have agreed to pay Mr. Donnelly the amount of such tax and such additional amount as may be necessary to place him in the exact same financial position that he would have been in if the excise tax was not imposed. Patrick L. Donnelly Mr. Donnelly has agreed to serve as our Executive Vice President, General Counsel and Secretary, through April 2010. We pay
In the event that any payment we make, or David J. Frear Mr. Frear has agreed to serve as our Executive Vice President and Chief Financial Officer through July 2011. We pay Mr. Frear an SIZE="2">If Mr. Frear’s employment is terminated without cause or he terminates his employment for good reason, we are obligated to pay him a lump sum payment equal to the sum of his annual salary and the annual bonus last paid to him and In the event that any payment we make, or benefit we provide, to Additional information regarding the compensation for SIZE="2">Based solely upon a review of Forms 4 furnished to us during our most recent fiscal year, we know of no director, executive officer or beneficial owner of more than ten percent of our common stock who failed to file on a timely basis 17 Table of ContentsThis excerpt taken from the SIRI DEF 14A filed Nov 4, 2008. Patrick
L. Donnelly
Mr. Donnelly has agreed to serve as our Executive Vice
President, General Counsel and Secretary, through April 2010. We
pay Mr. Donnelly an annual base salary of $525,000.
If Mr. Donnelly’s employment is terminated without
cause or he terminates his employment for good reason, we are
obligated to pay him a lump sum payment equal to his annual
salary and the annual bonus last paid to him and to continue his
medical and life insurance benefits for one year.
In the event that any payment we make, or benefit we provide, to
Mr. Donnelly would require him to pay an excise tax under
Section 280G of the Internal Revenue Code, we have agreed
to pay Mr. Donnelly the amount of such tax and such
additional amount as may be necessary to place him in the exact
same financial position that he would have been in if the excise
tax was not imposed.
This excerpt taken from the SIRI DEF 14A filed Apr 23, 2007. Patrick
L. Donnelly.
Mr. Donnelly has agreed to serve as our Executive Vice
President, General Counsel and Secretary, through April 2007.
For the fiscal year ending December 31, 2006,
Mr. Donnelly’s salary was $400,000. As of
February 1, 2007, we pay Mr. Donnelly an annual base
salary of $450,000. We are in discussions with Mr. Donnelly
regarding a new employment agreement.
If Mr. Donnelly’s employment is terminated without
cause or he terminates his employment for good reason, we are
obligated to pay Mr. Donnelly his annual salary and the
annual bonus last paid to him and to continue his medical and
life insurance benefits for one year.
Table of Contents
In the event that any payment we make, or benefit we provide, to
Mr. Donnelly would be deemed to be an “excess
parachute payment” under Section 280G of the Internal
Revenue Code such that he would be subject to an excise tax, we
have agreed to pay Mr. Donnelly the amount of such tax and
such additional amount as may be necessary to place him in the
exact same financial position that he would have been in if the
excise tax was not imposed.
This excerpt taken from the SIRI DEF 14A filed Apr 21, 2006. Patrick L. Donnelly. In November 2004, we entered into an employment agreement with Patrick L. Donnelly to serve as our Executive Vice President, General Counsel and Secretary until May 2007. We pay Mr. Donnelly an annual base salary of $400,000.
If Mr. Donnelly's employment is terminated without cause or he terminates his employment for good reason, we are obligated to pay Mr. Donnelly his annual salary and the annual bonus last paid to him and to continue his medical, disability and life insurance benefits for one year. 15
In the event that any payment we make, or benefit we provide, to Mr. Donnelly would require him to pay an excise tax under Section 280G of the United States Internal Revenue Code, we have agreed to pay Mr. Donnelly the amount of such tax and such additional amount as may be necessary to place him in the exact same financial position that he would have been in if the excise tax was not imposed. This excerpt taken from the SIRI 10-K filed Mar 13, 2006. Patrick L. Donnelly. In November 2004, we entered into an employment agreement with Patrick L. Donnelly to serve as our Executive Vice President, General Counsel and Secretary until May 2007. We pay Mr. Donnelly an annual base salary of $400,000.
If Mr. Donnelly's employment is terminated without cause or he terminates his employment for good reason, we are obligated to pay Mr. Donnelly his annual salary and the annual bonus last paid to him and to continue his medical, disability and life insurance benefits for one year. In the event that any payment we make, or benefit we provide, to Mr. Donnelly would require him to pay an excise tax under Section 280G of the United States Internal Revenue Code, we have agreed to pay Mr. Donnelly the amount of such tax and such additional amount as may be necessary to place him in the exact same financial position that he would have been in if the excise tax was not imposed.
This excerpt taken from the SIRI DEF 14A filed Apr 20, 2005. Patrick L. Donnelly. In November 2004, we entered into an employment agreement with Patrick L. Donnelly to serve as our Executive Vice President, General Counsel and Secretary until May 2006. We will pay Mr. Donnelly an annual base salary of $369,564 in 2005.
If Mr. Donnelly's employment is terminated without cause or he terminates his employment for good reason, we are obligated to pay Mr. Donnelly his annual salary and the annual bonus last paid to him and to continue his medical, disability and life insurance benefits for one year. In the event that any payment we make, or benefit we provide, to Mr. Donnelly would require him to pay an excise tax under Section 280G of the United States Internal Revenue Code, we have agreed to pay Mr. Donnelly the amount of such tax and such additional amount as may be necessary to place him in the exact same financial position that he would have been in if the excise tax was not imposed.
This excerpt taken from the SIRI 10-K filed Mar 16, 2005. Patrick L. Donnelly. In November 2004, we entered into an employment agreement with Patrick L. Donnelly to serve as our Executive Vice President, General Counsel and Secretary until May 2006. We will pay Mr. Donnelly an annual base salary of $369,564 in 2005.
If Mr. Donnelly's employment is terminated without cause or he terminates his employment for good reason, we are obligated to pay Mr. Donnelly his annual salary and the annual bonus last paid to him. In the event Mr. Donnelly's employment is terminated without cause or he terminates his employment for good reason, we are also obligated to continue his medical, disability and life insurance benefits for one year. In the event that any payment we make, or benefit we provide, to Mr. Donnelly would require him to pay an excise tax under Section 280G of the United States Internal Revenue Code, we have agreed to pay Mr. Donnelly the amount of such tax and such additional amount as may be necessary to place him in the exact same financial position that he would have been in if the excise tax was not imposed.
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