American Home Shield 2013 Annual Report Download - page 207
Download and view the complete annual report
Please find page 207 of the 2013 American Home Shield annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197 -
198 -
199 -
200 -
201 -
202 -
203 -
204 -
205 -
206 -
207 -
208 -
209 -
210 -
211 -
212 -
213 -
214 -
215 -
216 -
217 -
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
 |
 |
Exhibit 10.38
The Later of October 16, 2013 or as Announced
David W. Martin
105 Hollyoke Lane
Memphis, TN 38117
Dear David,
We are pleased to extend to you this offer of employment for the position of Senior Vice President, Finance for TruGreen. In this position, you will report to the
Chief Financial Officer of ServiceMaster. Your effective start date is the later of October 16, 2013 or the announcement of Project 5.
Base Salary
Your base compensation in this position will be at an annual rate of $385,000.00. This will be paid on the 15 and the last business day of each month.
Your current additional salary allowance of $10,000 per month will cease on October 15, 2013, with the final payment included in your paycheck on
October 15, 2013.
You will be eligible for merit increase consideration during TruGreen’s merit cycle during 2014.
Annual Bonus Plan (ABP)
Your target bonus for 2013 will remain at 65% through the end of 2013, and will be based on the performance of ServiceMaster for the full year. Beginning in
2014, in this new position, you will be eligible to receive a bonus payment with a target of 60% of your base salary, but with a payment for 2014 of no less
than $125,000, under the Annual Bonus Plan (“ABP”). The 2014 ABP payment will be based on the weights and measures for TruGreen as defined in the
2014 TruGreen Annual Bonus Plan.
Equity
You will continue to participate in the ServiceMaster Global Holdings, Inc. Stock Incentive Plan as previously communicated.
Upon approval by the Compensation Committee, you will also be granted 20,000 stock options. Each option will have a strike price equal to the Fair Market
Value of a share of stock at the time of the grant of the options with vesting in four equal annual installments on the first four anniversaries of the grant.
th