Autodesk 2012 Annual Report Download - page 44

Download and view the complete annual report

Please find page 44 of the 2012 Autodesk 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.

Page out of 160

  • 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

38
Perquisites From time to time, when deemed appropriate by the Compensation
Committee, we provide certain executive officers perquisites that we believe
are either competitively prudent or in the Company’s best interest.
In fiscal 2012, we provided Mr. Hawkins, our Executive Vice President and
Chief Financial Officer, with certain living expenses due to the distance
between his home and the Company’s headquarters. Please see “Executive
Compensation—Summary Compensation Table and Narrative Disclosure,”
below for the aggregate amount of such perquisites. In addition, certain other
non-material perquisites were provided to certain Named Executive Officers,
as noted in the “Executive Compensation—Summary Compensation
Table and Narrative Disclosure,” below. Otherwise, we do not, as a general
practice, provide material benefits or special considerations to our executive
officers that we do not provide to other employees.
Tax and Accounting Considerations
In designing our compensation programs, we have considered tax and accounting implications, including
the following.
Program Tax and Accounting Consideration
Accounting for Stock-Based
Compensation
We account for stock-based compensation in accordance with the
requirements of ASC 718. We also take into consideration ASC 718 and
other generally accepted accounting principles in determining changes to
policies and practices for our stock-based compensation programs.
Executive Change in Control
Program
We have structured our Executive Change in Control program so that in
the event payment of benefits constitutes a “parachute” payment under
Section 280G of the Internal Revenue Code, we will revise and limit the
payment so that we do not incur additional tax burden on behalf of the
participant. For more information, refer to the “Executive Change in Control
Program” section on page 47.
Short-term Cash Incentive
Plan
The short-term cash incentive plan is structured so that if so desired by the
Committee, the plan can comply with the requirements of Section 162(m) of
Internal Revenue Code, which allow certain payments under the plan to be
deductible for federal income tax purposes.
As discussed above, in fiscal 2012, the tax benefits otherwise available
under our short-term cash incentive plan were not available to us, because
we did not meet the conditions required under Section 162(m) of the Internal
Revenue Code.
Equity Incentive Deferral
Plan
The Equity Incentive Deferral Plan is structured to comply with the
requirements of Section 409A of the Internal Revenue Code, which imposes
limitations and conditions on nonqualified deferred compensation plans
and arrangements, including requirements relating to when amounts under
such plans may be made, acceleration of benefits, and the timing of elections
under such plans.