Hertz 2014 Annual Report Download - page 269
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Table of Contents
Severance payment
—
1,831,500
—
—
2,442,000
Pro rata bonus
—
280,500 (1)
—
—
561,000
Continued benefits
—
10,707
—
—
15,604 (2)
Outplacement
—
25,000
—
—
25,000
Life Insurance Payment
—
—
—
660,000 (3)
—
Payment for Outstanding PSUs
—
—
—
126,635 (4)
1,872,620
Total
—
2,147,707
—
786,635
4,916,224
(1) Reported as actual bonus paid for 2014.
(2) Includes life insurance benefits in addition to healthcare benefits for covered period.
(3) Life insurance payment only payable upon death.
(4) Represents the incremental vesting value of outstanding awards which vest in the event of death or disability.
Severance payment
—
5,060,000
—
—
6,325,000
Pro rata bonus
—
834,493 (2)
—
—
1,430,000
Cash to Replace Equity Award(3)
—
3,000,000
—
—
3,000,000
Continued healthcare benefits
—
16,444
—
—
23,323
Outplacement
—
—
—
—
25,000
Life Insurance Payment
—
—
—
1,100,000 (4)
—
Total
—
8,910,937
—
1,100,000
10,803,323
(1) Mr. MacDonald resigned effective May 20, 2015. For a description of his separation agreement, see "Employment Agreements, Change in Control Agreements and
Separation Agreements-Other Named Executive Officers-Employment Arrangements with Brian P. MacDonald."
(2) Pro-rata bonus reported as actual bonus paid for 2014 year pursuant to Mr. MacDonald’s employment agreement.
(3) The amounts payable are pursuant to Mr. MacDonald’s letter agreement.
(4) Life insurance payment only payable upon death.
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Source: HERTZ GLOBAL HOLDINGS INC, 10-K, July 16, 2015 Powered by Morningstar® Document Research℠
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