Attached files
file | filename |
---|---|
8-K - FORM 8-K - REPUBLIC SERVICES, INC. | p16839e8vk.htm |
EX-10.1 - EX-10.1 - REPUBLIC SERVICES, INC. | p16839exv10w1.htm |
EX-10.2 - EX-10.2 - REPUBLIC SERVICES, INC. | p16839exv10w2.htm |
EX-10.4 - EX-10.4 - REPUBLIC SERVICES, INC. | p16839exv10w4.htm |
Exhibit
10.3
Date:
|
August 17, 2009 | |
To:
|
Mike Rissman | |
From:
|
Jim OConnor | |
Re: |
Executive Vice President & General Counsel |
I am pleased to offer you the position of Executive VP & General Counsel effective August
17, 2009, subject to the approval of the Compensation Committee of the Board of Directors
(Compensation Committee). Here are the highlights of my offer:
| Salary: Your base salary will increase by $115K (40%) from $285K to $400K. | |
| Bonus: Your annual management incentive plan bonus target will increase from 60% to 80% of your salary. For 2009, your bonus will be prorated between your periods of employment in 2009 as Deputy/Acting General Counsel and General Counsel. | |
| Equity Award: You will be eligible for an equity award in early 2010 as determined by the Compensation Committee. | |
| Long-Term Incentive Plan: In 2010, you will be eligible for a 2010-2012 Long-Term Incentive Plan award as determined by the Compensation Committee. The 2010-2012 LTIP cycle and all subsequent LTIP cycles are provided subject to the approval of the Compensation Committee. | |
| Integration Bonus: Your one-time synergy incentive plan bonus target will increase by $650K (650%) from $100K to $750K. Your synergy bonus will be prorated between your periods of employment in 2009 and 2010 as Deputy/Acting General Counsel and General Counsel. | |
| Deferred Compensation Plan: A 2009 annual contribution of $65K will be made into the Deferred Compensation Plan account as a special executive benefit. This contribution is in lieu of a Supplemental Executive Retirement Plan and it is made at the discretion of the Compensation Committee. The payment will be made within 60 days of your acceptance of this offer. |
Congratulations Mike. Please sign below to acknowledge your acceptance of this offer.
/s/ Mike Rissman
|
8/17/09 Date |