Attached files
| file | filename |
|---|---|
| 8-K - WEB.COM GROUP, INC. | v210630_8k.htm |
EXHIBIT
10.15
COMPENSATION
INFORMATION FOR NAMED EXECUTIVE OFFICERS
The table below provides information
regarding the 2011 annual base salary, 2010 cash bonus and 2011 bonus target for
each named executive officer of Company:
|
Named
Executive Officer
|
2011
Annual Base Salary |
2010
Cash Bonus |
2011
Bonus Target (% of Base Salary) |
|
David
L. Brown+
Chief
Executive Officer
|
$445,000
|
$410,000
|
115%
|
|
Kevin
M. Carney+
Chief
Financial Officer
|
$285,000
|
$160,000
|
75%
|
|
Jason
Teichman1
Chief
Marketing Officer
|
225,000
|
N/A
|
65%
|
The table
below provides information regarding the equity grants for each named executive
officer of Company:
|
Named
Executive Officer
|
Number
of Restricted
Stock Granted (1) |
Number
of Stock
Options Granted (2) |
Vesting
Commencement Date |
|
David
L. Brown+
Chief
Executive Officer
|
112,000
|
112,000
|
February
2, 2011
|
|
Kevin
M. Carney+
Chief
Financial Officer
|
38,000
|
38,000
|
February
2, 2011
|
|
Jason
Teichman
Chief
Marketing Officer
|
N/A
|
N/A
|
N/A
|
(1) The
restricted stock awards vest twenty-five percent (25%) annually over four (4)
years, subject in each case to the named executive officer continuing to be an
employee of the Company (except as otherwise provided in their respective
individual employment agreements with the Company). The remaining terms and
conditions of the restricted stock awards are set forth in the 2008 Plan and the
forms of Option Grant Notice and Option Agreement previously filed as Exhibits
99.2 and 99.3, respectively to the Company’s Registration Statement on Form S-8
(333-150872), filed with the Commission on May 13, 2008, and are qualified in
their entirety by reference therein.
(2) The
stock options vest in forty-eight (48) equal monthly installments over four (4)
years, subject in each case to the named executive officer continuing to be an
employee of the Company (except as otherwise provided in their respective
individual employment agreements with the Company). The exercise price of the
options is $9.97, which was the closing price of the Company’s stock on February
2, 2010. The remaining terms and conditions of the restricted stock awards are
set forth in the 2005 Plan and related agreements previously filed as Exhibit
10.2 to the Company’s Registration Statement on Form S-1 (333-124349), filed
with the Commission on April 27, 2005, and are qualified in their entirety by
reference therein.