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Contract analysis / income-expense-declaration-fl150.docx
income-expense-declaration-fl150.docx
1035-00002 · 16 clauses
High · 1 Medium · 1 Standard · 2
1. Salary or Wages (including commissions, overtime, and shift differential pay):
1. Salary or Wages (including commissions, overtime, and shift differential pay): My current base annual salary at Luminos Entertainment Group, Inc. is $485,000.00 per year. My base salary is paid on a semi-monthly basis (the 15th and last day of each month) and has been at this level since January 1, 2023. My gross monthly salary is calculated as follows: $485,000.00 ÷ 12 months = $40,416.67 per month
2. Bonuses:
2. Bonuses: In addition to my base salary, I am eligible for an annual discretionary performance bonus under the Luminos Entertainment Group, Inc. Executive Incentive Compensation Plan. The bonus is determined annually by the Compensation Committee of the Board of Directors based on individual and company performance metrics. The bonus is discretionary, not guaranteed, and is typically paid in a lump sum in March of
3. Other Compensation — Restricted Stock Units (RSUs):
3. Other Compensation — Restricted Stock Units (RSUs): As part of my executive compensation package, I receive annual grants of restricted stock units ("RSUs") under the Luminos Entertainment Group, Inc. 2019 Equity Incentive Plan. RSUs vest over a four-year period with 25% vesting annually on each anniversary of the grant date, subject to continued employment. Based on my current outstanding RSU grants and the appli
4. Total Gross Monthly Income:
4. Total Gross Monthly Income: Total Annual Compensation: $870,000.00 ($485,000.00 + $210,000.00 + $175,000.00) 3(b): Investment Income I receive the following investment income on a monthly basis: 3(c): Income from Self-Employment or Business Yes No I do not operate a business, sole proprietorship, partnership, or loan-out entity. I am a W-2 employee of Luminos Entertainment Group, Inc. I have no income from self-em
1. Annual Bonus: I expect to be eligible for my annual discretionary performance bonus fo Standard
⚑ Commercial term
1. Annual Bonus: I expect to be eligible for my annual discretionary performance bonus for the 2023 calendar year, which would typically be determined and paid in or around March 2024. The amount, if any, is not guaranteed and will be determined by the Compensation Committee of the Board of Directors. Based on my three-year average, I anticipate a bonus in the range of $195,000 to $230,000, subject to individual and
2. RSU Vesting: My next RSU vesting event is scheduled for August 15, 2023, at which time Standard
⚑ Commercial term
2. RSU Vesting: My next RSU vesting event is scheduled for August 15, 2023, at which time approximately 1,200 shares of Luminos Entertainment Group, Inc. common stock are expected to vest. Additional vesting events are scheduled for November 15, 2023, and February 15, 2024. The value at vesting will depend on the then-current market price of Luminos common stock.
3. Salary Adjustment: Annual merit-based salary adjustments at Luminos Entertainment Grou Medium
⚑ Liability cap to check against exposure
3. Salary Adjustment: Annual merit-based salary adjustments at Luminos Entertainment Group, Inc. are typically implemented in January of each year. I have no specific information regarding whether a salary increase will be offered for calendar year 2024. I am not aware of any anticipated reduction, suspension, or termination of my employment or any component of my compensation. ITEM 4: TAX INFORMATION / DEDUCTIONS FR
1. The children's share of uninsured healthcare expenses (Family Code § 4062(a)(2));
1. The children's share of uninsured healthcare expenses (Family Code § 4062(a)(2));
2. Childcare costs reasonably related to employment (Family Code § 4062(a)(1));
2. Childcare costs reasonably related to employment (Family Code § 4062(a)(1));
3. The cost of the children's education at Ridgeview Academy, as a reasonable discretiona
3. The cost of the children's education at Ridgeview Academy, as a reasonable discretionary add-on expense (Family Code § 4062(b)(1)); and
4. The cost of the children's extracurricular activities, as a reasonable discretionary a
4. The cost of the children's extracurricular activities, as a reasonable discretionary add-on expense (Family Code § 4062(b)(2)). I further request that the child support order be made retroactive to the date of filing of the RFO, May 2, 2023, pursuant to Family Code section 4009. ITEM 10: OTHER INFORMATION RELEVANT TO THE PROCEEDING The following additional information is relevant to the Court's consideration of th
1. Prior Domestic Partnership and Dissolution:
1. Prior Domestic Partnership and Dissolution: Ms. Fonseca and Mr. Medrano were registered domestic partners in the State of California, having registered their domestic partnership with the California Secretary of State on September 12, 2015 (California Secretary of State File No. DP-2015-038741). A Petition for Dissolution of Domestic Partnership was filed on June 27, 2022, and the Judgment of Dissolution was enter
2. Custody Arrangement and Breakdown:
2. Custody Arrangement and Breakdown: Following the entry of the Judgment of Dissolution, the parties operated under an informal arrangement pursuant to which the children's time was divided approximately equally between both parents, with the children alternating weeks between Ms. Fonseca's residence in Studio City and Mr. Medrano's residence on Woodrow Wilson Drive in the Hollywood Hills. This arrangement functione
3. Children's Education:
3. Children's Education: Both children are enrolled at Ridgeview Academy, a private independent school located at 4515 Sepulveda Boulevard, Sherman Oaks, CA 91403. Isabela is enrolled in the first grade, and Mateo is enrolled in the pre-kindergarten program. The children were enrolled at Ridgeview Academy by mutual agreement of both parents during the domestic partnership. Annual tuition is $32,400 for Isabela and $2
4. Health Insurance:
4. Health Insurance: Both children are covered under Ms. Fonseca's employer-sponsored health insurance plan, a PPO plan issued by Veridian Health Insurance Co. and administered through Luminos Entertainment Group, Inc. Ms. Fonseca pays a monthly employee premium contribution of $1,285.00 for family coverage (employee plus two dependents). Mr. Medrano does not contribute toward the cost of the children's health insura
5. Forensic Income Analysis: High
⚑ Penalty / liquidated damages
5. Forensic Income Analysis: As noted in Item 5 above, Ms. Fonseca has retained Harold K. Yamamoto, CPA/ABV/CFF, of Yamamoto Brace & Liu, LLP, to conduct a forensic income analysis of Mr. Medrano's earnings, including income flowing through his loan-out entity, Medrano Visuals, LLC. This analysis is necessary because Mr. Medrano's income is variable, project-dependent, and flows through a business entity, making it d