American Home Shield 2011 Annual Report Download - page 188
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Exhibit 10.39
Confidential
December 2, 2011
Mr. Thomas G. Brackett
Dear Tom:
Thank you for the leadership you have demonstrated while operating both Terminix and TruGreen. As we have now hired a new
president for Terminix, your efforts will continue to be focused on the performance of TruGreen, while building synergy and
collaboration with Chuck Fallon in the operations of both Terminix and TruGreen.
Your compensation, including equity awarded, as President, TruGreen will be as follows:
• Annual Base Salary - $530,000 (Effective December 1, 2011). This salary is inclusive of any merit increase you
may have received for 2011. Consequently, you will next be eligible for a merit increase in 2013 for your
performance in 2012.
• Annual Target Bonus — 65%
• Additional Bonus for 2011 — Up to $200,000 based on your performance leading both Terminix and TruGreen
during 2011 with approval of the final amount by the Compensation Committee after receiving a recommendation
by the CEO of ServiceMaster. Based on the performance of the businesses to date, you are tracking toward a
payment of the full $200,000.
• Outstanding MSIP awards —
• Shares purchased — 50,000
• Stock Options — 425,000
• Restricted Stock Units (RSUs)
• Vested — 15,937 (Net shares vested on 9/24/2011)
• Unvested — 43,333 (Vest ratably on 9/24/2012 & 9/24/2013)
• Additional Performance-Based Awards for 2012 & 2013
• Additional Performance-Based Restricted Stock Units — You have received an award of 20,000
performance-based restricted stock units (RSUs) of which up to fifty percent (50%) shall vest on each of
(i) December 31, 2012 based on the recommendation of the CEO of ServiceMaster and the Compensation
Committee's assessment of your achievement of your annual goals & objectives for 2012 and (ii)