representing the incremental fair value of this modification for accounting purposes, is reported in the "Fiscal 2013 Summary Compensation Table". than for his existing rights to indemnification as a director and officer of the Company) and certain other covenants, including confidentiality, non-solicitation, non-disparagement and consulting services. The cash and equity portion of the severance package will continue to be paid or become exercisable or vest over time, and his outstanding performance-based RSUs will continue to vest during the relevant periods, based solely on the performance of the Company. Compensation Table" for the relevant severance components discussed above) was $9,085,112 a decline of 3% from his fiscal 2012 compensation. The aggregate value reported in the "Fiscal 2013 Summary Compensation Table" for Mr. Riccitiello, including reportable severance components, was $15,841,307. Compensation Table" (the "Accounting Value"); and (2) the value of the compensation he actually received (the "Realized Value"). In fiscal 2011 and fiscal 2012, the primary differences in these values was largely attributed to the design of our equity programs and the Company's stock price performance. In fiscal 2013, an additional factor is the Accounting Value of Mr. Riccitiello's severance arrangement, including the incremental fair value of equity award modifications reportable for fiscal 2013 even though value from these awards will not be realized by Mr. Riccitiello until fiscal 2014 and fiscal 2015. Excluding the value reported in connection with the modification of Mr. Riccitiello's equity awards in fiscal 2013, in each of the prior three fiscal years, the Realized Value of Mr. Riccitiello's compensation was significantly less than the Accounting Value of his compensation. Mr. Riccitiello's base salary by 17% while his bonus target percentage remained unchanged at 150% of his annual base salary. The Board took into account internal pay alignment with other NEOs and the resulting compensation took Mr. Riccitiello's fiscal 2013 base salary and target total cash compensation from below the 50 structure included specific financial and operating objectives with a weighting and a range of performance outcomes for each objective. To further align Mr. Riccitiello's bonus with Company performance, the Board also provided that his potential bonus award would be adjusted based on the Company's TSR relative to companies in the NASDAQ-100, using the same percentage attainment levels as the performance-based RSU vesting scale, but with a minimum multiplier of 50% and a maximum multiplier of 150%. |