American Home Shield 2011 Annual Report Download - page 189
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December 31, 2013 based on the recommendation of the CEO of ServiceMaster and the Compensation
Committee's assessment of your achievement of your annual goals & objectives for 2013. Final
determination of the RSUs earned will be determined by the Compensation Committee, in its sole
discretion.
• Additionally, you will be eligible to receive a discretionary bonus of up to $100,000 for 2012 and 100,000
for 2013 relating to your collaboration with the President, Terminix for the success of both businesses. The
actual amount earned for each year will be determined at the sole discretion of the Compensation
Committee of the Board of Directors after receiving a recommendation from the CEO of ServiceMaster.
These bonus payouts, if any, will be made at the same time as payments under the Annual Bonus Plans for
2012 and 2013. You may elect no later than June 30, of each of 2012 and 2013 to receive stock option
awards in lieu of cash, with up to 15,000 options to be issuable for 2012 and up to 10,000 options to be
issuable for 2013 (the number of options may be prorated based on the Compensation Committee's
assessment of your performance).
All compensation, including bonus and incentive payments, will be subject to applicable payroll deductions.
The remaining terms and conditions of your employment shall remain unchanged. Also, please note that this letter shall not constitute
an employment contract, and nothing herein changes the terms of your status as an at-will employee.
We look forward to you continuing your leadership of the TruGreen business, while working closely with the President, Terminix to
deliver outstanding results across both businesses.
If you have any questions, please feel free to call me.
Sincerely,
/s/ Jed Norden
Jed Norden
Senior Vice President, Human Resources
The ServiceMaster Company