ServiceMagic 2015 Annual Report Download - page 25

TableofContents
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(5)RepresentsthevalueofRSUsthatwouldhaveotherwisevestedduringthe12-monthperiodfollowing:(i)aterminationofemploymentwithoutcauseor
resignationforgoodreasoninthecaseofMessrs.KaufmanandWiniarskiand(ii)aterminationofemploymentwithoutcauseorvoluntaryresignationin
thecaseofMr.Kip,ineachcase,inaccordancewiththetermsoftheseawards.
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(6)RepresentscontinuedsalarypaymentsthatMr.Kipwouldhavebeenentitledtoreceiveuponaterminationofemploymentwithoutcauseorvoluntary
resignationonDecember31,2015.
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(7)Representsthevalueofstockoptionsthatwouldhaveotherwisevestedduringthe12-monthperiodfollowing(i)aterminationofemploymentwithout
causeorvoluntaryresignationinthecaseofMr.Kipand(ii)aterminationwithoutcauseorresignationforgoodreasoninthecaseofMr.Winiarski,in
eachcase,inaccordancewiththetermsoftheseawards.
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DIRECTORCOMPENSATION
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Non-Employee Director Compensation Arrangements. TheNominatingCommitteehasprimaryresponsibilityforestablishingnon-employeedirector
compensationarrangements,whichhavebeendesignedtoprovidecompetitivecompensationnecessarytoattractandretainhighqualitynon-employeedirectors
andtoencourageownershipofCompanystocktofurtheraligntheinterestsofourdirectorswiththoseofourstockholders.Arrangementsineffectduring2015
providedthat:(i)eachmemberoftheBoardreceiveanannualretainerintheamountof$50,000,(ii)eachmemberoftheAuditandCompensationandHuman
ResourcesCommittees(includingtheirrespectiveChairpersons)receiveanadditionalannualretainerintheamountof$10,000and$5,000,respectively,and
(iii)theChairpersonsofeachoftheAuditandCompensationandHumanResourcesCommitteesreceiveanadditionalannualchairpersonretainerintheamountof
$20,000,withallamountsbeingpaidquarterly,inarrears.
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Inaddition,thesearrangementsalsoprovidethateachnon-employeedirectorreceiveagrantofRSUswithadollarvalueof$250,000uponhisorher
initialelectiontotheBoardandannuallythereafteruponre-electiononthedateofIAC’sannualmeetingofstockholders,thetermsofwhichprovidefor:(i)vesting
inthreeequalannualinstallmentscommencingonthefirstanniversaryofthegrantdate,(ii)cancellationandforfeitureofunvestedRSUsintheirentiretyupon
terminationofserviceforIACanditsaffiliatesand(iii)fullaccelerationofvestinguponachangeincontrolofIAC.TheCompanyalsoreimbursesnon-employee
directorsforallreasonableexpensesincurredinconnectionwithattendanceatIACBoardandBoardcommitteemeetings.
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Deferred Compensation Plan for Non-Employee Directors. UnderIAC’sDeferredCompensationPlanforNon-EmployeeDirectors,non-employee
directorsmaydeferalloraportionoftheirBoardandBoardcommitteefees.Eligibledirectorswhodeferalloranyportionofthesefeescanelecttohavesuch
deferredfeesappliedtothepurchaseofshareunits,representingthenumberofsharesofIACcommonstockthatcouldhavebeenpurchasedontherelevantdate,
orcreditedtoacashfund.IfanydividendsarepaidonIACcommonstock,dividendequivalentswillbecreditedontheshareunits.Thecashfundwillbecredited
withdeemedinterestatanannualrateequaltotheweightedaverageprimelendingrateofJPMorganChaseBank.Afteradirectorceasestobeamemberofthe
Board,heorshewillreceive:(i)withrespecttoshareunits,suchnumberofsharesofIACcommonstockastheshareunitsrepresent,and(ii)withrespecttothe
cashfund,acashpaymentinanamountequaltodeferredamounts,plusaccruedinterest.Thesepaymentsaregenerallymadeinaonelumpsuminstallmentafter
therelevantdirectorleavestheBoardandotherwiseinaccordancewiththeplan.
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2015 Non-Employee Director Compensation. Thetablebelowprovidestheamountof:(i)feesearnedbynon-employeedirectorsforservicesperformed
during2015and(ii)thegrantdatefairvalueofRSUawardsgrantedin2015.
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FeesEarned(1)     
Name(4) 
FeesPaid
inCash
($) 
Fees
Deferred
($)(2) 
Stock
Awards($)(3) Total($)(4) 
EdgarBronfman,Jr.

—

$ 50,000

$ 249,936

$ 299,936

ChelseaClinton

—

$ 50,000

$ 249,936

$ 299,936

MichaelD.Eisner

$ 50,000

—

$ 249,936

$ 299,936

BonnieS.Hammer

$ 55,000

—

$ 249,936

$ 304,936

BryanLourd

—

$ 60,000

$ 249,936

$ 309,936

DavidRosenblatt

$ 75,000

—

$ 249,936

$ 324,936

AlanG.Spoon

$ 80,000

—

$ 249,936

$ 329,936

AlexandervonFurstenberg

$ 50,000

—

$ 249,936

$ 299,936

RichardF.Zannino

$ 60,000

—

$ 249,936

$ 309,936

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