Lululemon 2015 Annual Report Download - page 45

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Table of Contents
(6) Also includes termination of the executive officer's employment by the executive officer for "good reason," which includes in connection with (a) any material
adverse change in the executive's title or diminution of the executive's responsibilities, (b) a reduction in the executive's base salary or target bonus; or (c) our
breach of any of the other material terms of the executive's employment agreement.
(7) Amounts payable in equal installments on the company's normal paydays over a 15-month period and will be forfeited if the executive fails to comply with
certain restrictive covenants, including non-competition, non-solicitation, and non-disparagement agreements.
(8) Also includes termination of the executive officer's employment by the executive officer for "constructive dismissal," which is not specifically defined in the
executive's employment agreement.
(9) Ms. Poseley's employment was terminated without cause in October 2015. However, Ms. Poseley continued to provide consulting services until the end of
March 2016 and she received compensation for her consulting services in an amount equal to her base salary and her equity-based compensation continued
vesting until the end of March 2016. The severance amount in the table is equal to Ms. Poseley's base salary for a 10-month period, which will be payable
from April 2016 to January 2017 in equal installments on the company's normal paydays, as well as reimbursement of relocation costs, outplacement services,
and tax services. Ms. Poseley's severance payments will be forfeited if she fails to comply with certain restrictive covenants, including non-competition, non-
solicitation and non-disparagement agreements.
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