GameStop 2004 Annual Report Download - page 47

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Common Stock on January 28, 2005 (the last trading date of the Ñscal year), less the applicable exercise
price.
Aggregated Option/SAR Exercises In Last Fiscal Year
and
Fiscal Year End Option/SAR Values
Number of Securities Value of Unexercised
Underlying Unexercised In-the-Money Options at
Options at Fiscal Year End Fiscal Year End
Shares
Acquired Value
on Exercise Realized Exercisable Unexercisable Exercisable Unexercisable
(Shs.) ($)
R. Richard Fontaine
GameStop Class A
Common Stock ÏÏÏÏÏÏÏÏÏ Ì Ì 673,500 403,000 3,744,500 502,500
Daniel A. DeMatteo
GameStop Class A
Common Stock ÏÏÏÏÏÏÏÏÏ Ì Ì 673,500 403,000 3,744,500 502,500
David W. Carlson
GameStop Class A
Common Stock ÏÏÏÏÏÏÏÏÏ Ì Ì 449,000 222,000 3,347,000 321,000
Ronald Freeman
GameStop Class A
Common Stock ÏÏÏÏÏÏÏÏÏ 59,250 881,105 34,000 89,000 27,200 70,750
For information on our equity compensation plans, please see Item 5 of this Annual Report on 10-K/A.
Employment Agreements
GameStop has entered into employment agreements with R. Richard Fontaine and Daniel A. DeMatteo.
The term of each employment agreement commenced on April 11, 2005 and continues for a period of three
years thereafter, with automatic annual renewals thereafter unless either party gives notice of non-renewal at
least six months prior to automatic renewal.
Mr. Fontaine's minimum annual salary during the term of his employment under the employment
agreement shall be no less than $650,000. Mr. DeMatteo's minimum annual salary during the term of his
employment under the employment agreement shall be no less than $535,000. Annual bonus compensation
will be based on the formula and targets established under and in accordance with GameStop's Supplemental
Compensation Plan.
Each executive shall be entitled to all beneÑts aÅorded to key management personnel or as determined by
the board of directors of GameStop, including, but not limited to, stock and stock option beneÑts, insurance
programs, pension plans, vacation, sick leave, expense accounts and retirement beneÑts.
Each executive's employment may be terminated upon death, disability, by GameStop with or without
cause or by the executive within twelve months of a good reason event. A good reason event is deÑned as a
change of control, a reduction in compensation or a material reduction in beneÑts or responsibilities, or a
relocation of at least 50 miles. Among other things, the employment agreement includes a severance
arrangement if the executive is terminated by GameStop without cause or by the executive for good reason
which provides each executive with his base salary through the term of the agreement, plus the average of the
last three annual bonuses, with a one year minimum, plus the continuation of medical beneÑts for 18 months
and the release of all stock option restrictions.
Each executive is also restricted from competing with GameStop for the later of the expiration of the
term of the agreement or one year after termination of employment, unless the contract is terminated by
GameStop without cause or the executive for good reason.
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