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PLCM > SEC Filings for PLCM > Form 8-K on 21-Jan-2014All Recent SEC Filings

Show all filings for POLYCOM INC

Form 8-K for POLYCOM INC


Change in Directors or Principal Officers

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Additional Relocation Benefits for Peter A. Leav

On January 16, 2014, the independent members of the Board of Directors (the "Board") of Polycom, Inc. (the "Company") approved certain relocation benefits for Peter Leav as President and Chief Executive Officer of the Company, in addition to the relocation benefits that Mr. Leav is eligible to receive under his offer letter dated November 20, 2013.

The additional relocation benefits that Mr. Leav is eligible to receive from the Company include:

Temporary automobile expenses;

Payment of real estate costs up to $75,000;

Potential lease termination and assistance fees; and

A one-time allowance equivalent to $58,333 to cover all other costs of his relocation.

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