Office Depot 2011 Annual Report Download - page 161
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I also will recommend to the Compensation Committee of the Board of Directors that you
receive a special one-time award of 170,000 stock options and an award of 19,000 time vested
restricted shares. Each of these awards will contain vesting terms and other terms that are
comparable to awards granted to our other senior executive officers. Naturally, the
Compensation Committee reserves the right to alter the specific terms of our compensation
p
lans at an
y
time in the future.
Benefits:
You will participate in Office Depot’s group benefit programs. You will also be eligible to
participate in Office Depot’s Executive Car Allowance Program at the level appropriate to
your position. You will receive the relocation benefits we provide to senior executives at your
level in relocating from outside the area to South Florida. In addition, you will be reimbursed
for airfare for up to two round trips per month to your home in California (i.e. every other
weekend) durin
g
the first six months of em
p
lo
y
ment.
Non Compete Agreement:
As a condition to your commencement of employment, you must enter into the agreement
attached as Attachment A, which restricts you from competing, soliciting customers or
em
p
lo
y
ees, or disclosin
g
confidential information.