Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
To better enable
Current Temporary Officer Annual Salary Annual Salary Glenn Lurie $ 772,500 $ 618,000 David Clark $ 390,775 $ 332,159 Jeffrey Miller $ 388,850 $ 330,523 Patrick Doran $ 357,410 $ 303,799
The salary reductions will not modify rights under any applicable agreements between the executives and the Company with respect to the calculation of any annual or long-term incentive awards or severance; such calculations will continue to be based on the base salary in effect prior to the temporary reduction. Additionally, each of the executives agreed that the salary reduction will not constitute "good reason", "constructive termination" or breach under any agreement between the executive and the Company, and will not confer or trigger any additional rights or entitlements for the executives from the Company or any of its affiliates.
--------------------------------------------------------------------------------
© Edgar Online, source