US Postal Service 2014 Annual Report Download - page 82

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2014 Report on Form 10-K United States Postal Service 78
Outplacement Assistance
The Governors have not authorized any outplacement assistance for any executive officer at this time.
Accrued Annual Leave
All Postal Service employees are entitled to receive and accrue paid days off, known as annual leave. Upon their separation
from the Postal Service, all employees, including the named executive officers, are entitled to be paid, in a lump-sum, the value
of all accrued annual leave. The table below shows the accrued value of the annual leave of the named executive officers, as of
September 30, 2014.
Name
Value of accrued annual leave ($)
Patrick R. Donahoe
238,601
Joseph Corbett
68,703
Megan J. Brennan
90,718
James P. Cochrane
18,628
Thomas J. Marshall
35,738
Compensation Committee Report
The Compensation and Management Resources Committee has reviewed and discussed the Compensation Discussion and
Analysis with management and, based on such review and discussions, the Compensation and Management Resources
Committee recommended to the Governors that the Compensation Discussion and Analysis be included in this Report.
The Compensation and Management Resources Committee
Ellen C. Williams, Chairman
Mickey D. Barnett, Member
James H. Bilbray, Member
Louis J. Giuliano, Member
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related
Stockholder Matters
Not applicable. As an “independent establishment of the executive branch of the Government of the United States,” we do not
issue equity securities.
Item 13. Certain Relationships and Related Transactions and Director Independence
Certain Transactions
We enter into significant transactions with other government agencies, as disclosed throughout this report and the financial
statements.
Director Independence
All of the Governors of the Postal Service Board of Governors who are currently serving and have been appointed by the
President of the United States, with the advice and consent of the Senate, are independent based on the New York Stock
Exchange definition of independence.