Garmin 2010 Annual Report Download - page 125

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S-11
8. Executive Committee Compensation
(Amounts presented in CHF.)
The total compensation of members of the executive committee is summarized in the table
below:
Nam e & Principal Position Year Salary (CHF) Bonus (CHF) 1
Stock Aw ards
(CHF) 2
SARs/Option
Aw ards
(CHF) 3
Non-Equity
Incentive Plan
Com pensation
(CHF)
All Other
Com pensation
(CHF) 4
Total
(CHF)
Min H. Kao
Chairm an & Chief
Executive Officer
2010 522,341 212 - - - 87,316 609,869
Clifton A. Pemble
President & Chief
Operation Officer
2010 574,563 212 315,801 - - 26,477 917,053
Kevin S. Rauckm an
Chief Financial Officer &
Treasurer
2010 454,427 212 210,481 - - 26,381 691,501
Andrew R. Etkind
Vice President, General
Counsel & Secretary
2010 454,427 212 210,481 - - 30,690 695,810
Danny J. Bartel
Vice President,
Worldwide Sales
2010 396,971 212 147,321 - - 30,607 575,111
2010 Executive Compensation Tables
1 Annual discretionary cash incentive awards based on financial and non-financial factors considered by the Compensation Committee, as discussed in the
Compensation Discussion and Analysis section of the Proxy Statement
2 This column shows the grant date fair value with respect to the RSUs and performance shares granted in 2010. See the Grants of Plan-Based Awards table for
information on awards made in 2010.
3 This column shows the grant date fair value with respect to the SARs and stock options granted in 2010. See the Grants of Plan-Based Awards table for information
on awards made in 2010.
4 All Other Compensation for each of the Named Executives for 2010 includes amounts contributed by the Company (in the form of profit sharing and matching
contributions) to the trust and in the Named Executive Officers' benefit under the qualified 401(k) plan of the Company’s US subsidiary, Garmin International, Inc..
With respect to 2010, for each Named Executive Officer CHF12,797 was contributed as a profit sharing contribution under the qualified 401(k) plan; Dr. Kao, Mr.
Etkind and Mr. Bartel received CHF17,237 in company matching contributions related to the qualified 401(k) plan; Mr. Pemble and Mr. Rauckman received
CHF12,928 in company matching contributions related to the qualified 401 (k) plan. Dr. Kao’s All Other Compensation includes payments in 2010 for personal
guarantees of Garmin Corporation, in accordance with Taiwan banking practice. In 2010, the amount of such payment to Dr. Kao was CHF56,530. All Other
Compensation for 2010 includes for all Named Executives premiums on life insurance.
No parties related to any member of the executive committee received any fees or remunerations
for services rendered to Garmin Ltd or its subsidiaries. A related party includes a spouse,
children below the age of eighteen, legal or natural persons acting as fiduciary and legal entities
controlled by a member of the executive committee.
No loans or guarantees were granted to members of the executive committee in 2010.