www.sec.gov/Archives/edgar/data/894010/0000931763-03-00 -
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Published on: 6/10/2003
Last Visited: 6/12/2003
Nelsen was appointed as our senior vice president and general counsel in June 2000 and as Chief Administrative Officer in January 2003.From 1997 to June 2000, Mr. Nelsen served as our associate general counsel.From 1995 to 1997, Mr. Nelsen served as vice president and associate general counsel at Nordic Track, Inc., a manufacturer and distributor of fitness equipment. Michael D. Popielec. Mr.
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Nelsen began serving as an executive officer in fiscal year 2002. Share Option Plans We have options outstanding under our share option plans.
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VALIGN="bottom" ALIGN="right" WIDTH="7%">11/29/2012 99,617 252,449 Keith J. Nelsen 40,000 (3) 1.6 % 3.96 11/29/2012 99,617 91,667/173,333 218,168/353,332 Keith J. Nelsen 79,167/73,333 69,167/55,333 (1) The options granted are for American depositary shares.The options were granted at the fair market value of the American depositary shares on the date of the grant.Each American depositary shares represents four ordinary shares. (2) These amounts represent stock appreciation rights in respect of American depositary shares granted during fiscal year 1999. Compensation of Directors Human Resources Committee Interlocks and Insider Participation None of the members of our human resources committee have at any time been an executive officer.There were no human resources committee interlocks or insider participation in compensation decisions in fiscal year 2003. Change of Control Agreements Each of P. Lang Lowrey, Todd L. Mavis, Keith J. Nelsen, Peter Williams and F. Mark Wolfinger, has a change of control agreement with Danka Business Systems PLC and Danka Office Imaging Company. Under each change of control agreement, if the relevant executives employment is termin
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> a lump-sum cash payment, in an amount equal to two times base salary for Mr. Lowrey, Mr. Mavis, Mr. Nelsen and Mr. Wolfinger and one times for Dr. Williams. Base salary is the salary being earned either at the time of the change of control, or at the time of the termination of the relevant executives employment, whichever is greater; a pro rata annual bonus for the fiscal year of termination calculated as if our financial performance targets for that fiscal year were deemed to be satisfied at the level equal to the performance achieved through the date of termination or, if greater, the pro rata amount of any performance bonus that the relevant executive is guaranteed to receive for the fiscal year; an amount equal to two times, in the case of Mr. Lowrey, Mr. Mavis, Mr. Nelsen and Mr. Wolfinger (none for Dr. Williams), the relevant e
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ecutives annual bonus for the fiscal year of termination, calculated as if our financial performance targets for that fiscal year were deemed to be satisfied at a level equal to the performance achieved through the date of termination or, if greater, any performance bonus that the relevant executive is guaranteed to receive for that fiscal year;