Yahoo 2007 Annual Report Download - page 136

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and group term life insurance premiums valued at $300; for Mr. Murray, group term life insurance premiums valued at $300; for
Mr. Rosensweig, severance payment of $375,000 pursuant to Mr. Rosensweig’s Separation Agreement with the Company dated
December 5, 2006 (the “Rosensweig Separation Agreement”), Company contributions under the Company’s 401(k) Plan of $495 and
group term life insurance premiums valued at $75; and for Mr. Nazem, severance payment of $280,129 pursuant to Mr. Nazem’s Separation
Agreement with the Company dated May 30, 2007 (the “Nazem Separation Agreement”), Company contributions under the Company’s
401(k) Plan of $2,990 and group term life insurance premiums valued at $150.
(4)
Mr. Semel resigned as Chief Executive Officer of the Company effective June 18, 2007, and his employment with the Company terminated
effective August 16, 2007.
(5)
This amount reflects the reversal for 2007 of $2,895,833 of expense that had previously been recorded in the Company’s 2006 consolidated
financial statements in connection with certain outstanding stock awards that were forfeited by Mr. Semel upon the termination of his
employment with the Company. Pursuant to SEC rules, in this Summary Compensation Table only the portion of the expense previously
reported in the Summary Compensation Table included in the 2007 Proxy Statement is shown as being reversed.
(6)
This amount reflects the reversal for 2007 of $6,178,030 of expense that had previously been recorded in the Company’s 2006 consolidated
financial statements in connection with certain outstanding option awards that were forfeited by Mr. Semel upon the termination of his
employment with the Company. Pursuant to SEC rules, in this Summary Compensation Table only the portion of the expense previously
reported in Summary Compensation Table included in the 2007 Proxy Statement is shown as being reversed.
(7)
In May 2006, Mr. Semel’s annual base salary was reduced from $600,000 to $1, effective May 31, 2006.
(8)
On February 26, 2007 pursuant to his three-year performance and retention compensation arrangement with the Company approved in May
2006, Mr. Semel received an annual bonus for 2006 in the form of a fully-vested stock option to purchase 800,000 shares of Yahoo!
common stock. The Option Awards amount includes $8,359,100 of expense recorded with respect to this option in the Company’s 2006
consolidated financial statements.
(9)
This amount includes an adjustment for 2007 of $3,779,411 of additional expense recorded in connection with the modification of certain
outstanding option awards held by Ms. Decker in November 2007.
(10)
Mr. Rosensweig’s employment with the Company terminated effective March 31, 2007.
(11)
This amount includes a net adjustment for 2007 of $4,672,997 of additional expense recorded in connection with the modification of certain
outstanding restricted stock and restricted stock unit grants under the Rosensweig Separation Agreement. The material terms of the
Rosensweig Separation Agreement are described below under “Potential Payments Upon Termination or Change in Control.”
(12)
This amount includes a net adjustment for 2007 of $7,032,387 of additional expense recorded in connection with the modification of certain
outstanding option awards pursuant to the Rosensweig Separation Agreement.
(13)
This amount represents a retention bonus that became payable to Mr. Rosensweig in April 2006 on the fourth anniversary of his date of hire
with Yahoo! pursuant to a Key Executive New Hire Retention Agreement entered into by Yahoo! and Mr. Rosensweig in April 2002.
(14)
This amount reflects the reversal for 2006 of $2,702,860 of expense that had previously been recorded in the Company’s financial
statements in connection with certain outstanding stock awards that were forfeited by Mr. Rosensweig pursuant to the Rosensweig
Separation Agreement.
(15)
This amount reflects the reversal for 2006 of $1,478,811 of expense that had previously been recorded in the Company’s financial
statements in connection with certain outstanding option awards that were forfeited by Mr. Rosensweig pursuant to the Rosensweig
Separation Agreement.
(16)
This amount reflects Mr. Rosensweig’s annual bonus for 2006 pursuant to the Rosensweig Separation Agreement.
(17)
Mr. Nazem’s employment with the Company terminated effective June 8, 2007.
(18)
This amount includes an adjustment for 2007 of $8,982,860 of additional expense recorded in connection with the modification of certain
outstanding option awards under the Nazem Separation Agreement. The material terms of the Nazem Separation Agreement are described
below under “Potential Payments Upon Termination or Change in Control.”
17