EX-99.2 3 d937138dex992.htm EX-99.2

EX-99.2

Exhibit 99.2

Summary of Terms of Compensation Arrangement for Robert P. Mundy

• Annual base salary of $600,000

• Annual target cash incentive award of $750,000, subject to proration for 2015. Actual cash incentive awards will be determined by the compensation committee in accordance with its customary practice.

• Annual targeted equity compensation of $750,000 consisting of restricted stock and/or performance units in similar proportion as awards made to other executive officers.

• In part to compensate for benefits forfeited from his prior employer, a one-time cash signing bonus of up to $1,250,000, paid on or around the start date.

• A one-time restricted stock award (vesting in equal annual installments over a three-year period) valued at $500,000 to be made on the start date.

• Relocation benefits under PCA’s relocation policy.

• Retirement, health and welfare benefits on a similar basis as other PCA employees.