WOW!!! Great job in costing for the COO J.d.t. M.K... on her promotion. Below is the excerpt!! Name Disquised, you will have to pull the actual filing. It is all public knowledge.
You would think that the CoMgrs could get a 2 year salary continuance as well. Who worked harder this past year?
* The Non-Compete agreement also provides that, if Ms. McK...’s employment is terminated by the Company for any reason, other than for a violation of the Company’s policies, the Company will continue to pay her base salary for two years following termination of employment. *
On January 16, 2018, the Compensation and Management Development Committee (the “CMDC”) of the Company’s Board of Directors approved changes to Ms. McK...’s compensation in connection with her new role. Specifically,
- Ms. McK...’s base salary will be $1,040,209 annually.
**** Ms. M.K...’s target cash incentive payment under the
MIP will be
- 180% of her base salary ($1,872,376 for threshold), with a
maximum possible payout of
- 225% ($2,340,470 for max) of her base salary.
**** Ms. M.K... will continue to be eligible to receive an annual equity award, generally consisting of a combination of restricted stock and performance-based restricted stock units. On January 16, 2018, the CMDC also approved
Ms. M.K...’s annual equity award, consisting of
-
14,897 (valued at $1,499,978 at $100.69 per share) restricted shares and
-
50,651 ($5,100,049 at $100.69 per share) performance-based restricted stock units.