Hertz 2014 Annual Report Download - page 270
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Table of Contents
Severance payment
—
2,355,506
—
—
2,944,382
Pro rata bonus
—
59,638 (1)
—
—
500,811
Continued benefits
—
54,020
—
—
80,150 (2)
Outplacement
—
25,000
—
—
25,000
Life Insurance Payment
—
—
—
2,356,756 (3)
—
Payment for Outstanding PSUs
—
—
—
1,222,061 (4)
3,816,528
Payment for Outstanding Options
—
—
—
222,920 (4)
222,920
Retiree Car Benefit
—
301,000
301,000
301,000 (5)
301,000
Total(6)
—
2,795,164
301,000
4,102,737
7,890,791
(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.
(5) Value represents maximum amount of retiree car benefits in the event of disability. In the event of death, Mr. Taride’s spouse would be eligible for car privileges at an
amount below the maximum amount.
(6) Amounts for Mr. Taride have been translated from pounds sterling to U.S. dollars at the spot exchange rate of 1.5216.
Severance payment
—
1,445,007
—
—
1,445,007
Pro rata bonus
—
38,703 (1)
—
—
378,750
Special Award Bonuses
—
1,000,000
—
250,000
1,000,000
Continued benefits
—
10,257
—
—
11,614 (2)
SERP II Increase
—
—
—
—
98,900
Outplacement
—
25,000
—
—
25,000
Excise tax gross up
—
—
—
—
2,170,498
Life Insurance Payment
—
—
—
505,000 (3)
—
Payment for Outstanding PSUs
—
—
—
914,086 (4)
3,017,211
Payment for Outstanding Options
—
—
—
119,644 (4)
119,644
Total
—
2,518,967
—
1,788,730
8,266,624
(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.
258
Source: HERTZ GLOBAL HOLDINGS INC, 10-K, July 16, 2015 Powered by Morningstar® Document Research℠
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