American Home Shield 2008 Annual Report Download - page 143

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Table of Contents
2008 Annual Bonus Plan Payout
The following table sets forth information regarding the Annual Bonus Plan payments to the Named Executive Officers.
2008 ABP Payments
Named Executive Officer
Target
% of
Salary
Target
% of
Salary $
Actual
% of
Salary
Achieved
Actual
$ of
Bonus
Achieved
Bridge
Bonus
Total
Bonus
Award
J. Patrick Spainhour 100% $950,000 83.49% $ 793,136 $ 0 $793,136
Steven J. Martin(1) 65% $227,500 83.49% $ 189,935 $50,000 $239,935
Greerson G. McMullen 65% $263,250 83.49% $ 219,782 $ 0 $219,782
Thomas G. Brackett(1) 65% $214,500 97.11% $ 208,306 $50,000 $258,306
Michael M. Isakson(2) 55% $178,200 89.44% $ 159,374 $75,000 $234,374
Messrs. Martin's and Brackett's actual ABP payments included $50,000 bridge bonuses for 2008, as discussed below.
Mr. Isakson's actual ABP payment included a $75,000 Bridge Bonus for 2008, as discussed below.
In 2008, the Board determined that the target percentage of salary on which bonuses were calculated for certain executives should be adjusted downward
from historical levels to more closely reflect the market median data of the Peer Group. Accordingly, the target percentages for Messrs. Brackett, Isakson, and
Martin were reduced from 100% of salary to 65%, 55%, and 65%, respectively. Because of the potential effect of these changes on total compensation, the
Board determined that, if Terminix, ServiceMaster Clean, and Corporate Consolidated, respectively, achieved their respective EBITDA targets in 2008,
Messrs. Brackett and Martin would receive a bridge bonus of $50,000 each and Mr. Isakson would receive a bridge bonus of $75,000. Messrs. Brackett and
Isakson will also be eligible for a $25,000 and a $50,000 bridge bonus, respectively, in 2009.
139
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