From http://www.footnoted.org/

"The latest weird perk to join this growing list is a parking spot at Jacksonville International Airport for departing Continental Airlines (CAL) CFO Jeffrey Misner, who is retiring at the end of August. But this isn’t just any parking spot — it’s free lifetime parking. As the severance agreement filed on Friday notes, Misner, 54, is entitled to the free spot as long as he lives within 200 miles of Jacksonville Airport and as long as Continental maintains operations at the airport.

The agreement also includes a non-compete clause and gives Mr. Misner nearly $3 million dollars in exchange for his remaining stock options. "

FWIW, rates are:

Hourly Garage (Daily Max) $16
Daily Garage (Daily Max) $12
Daily Surface Lot (Daily Max)$10
Economy Lot 1 and 2 (Daily Max) $6
Economy Lot 3 (Holidays and Special Events Only) $25
Valet Parking (Daily) $20


From the separation agreement: Continental agrees to provide at no expense to Executive a parking space at the Jacksonville, Florida (JAX) airport in a lot that is the same or similar to the lot available to airport-management personnel. Such airport parking shall be provided beginning on the Retirement Date and during Executive’s lifetime (so long as Executive maintains a residence within 200 miles of JAX) if and for as long as Continental serves JAX and has such parking available to it. Notwithstanding the foregoing, to the extent that the benefit described in this paragraph 4 and any other miscellaneous separation pay benefits subject to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), that are provided to Executive during the six-month period beginning on the Retirement Date have an aggregate value in excess of $15,500, Executive shall pay to Company, at the time such benefits are provided, the fair market value of such benefits, and Company shall reimburse Executive (with interest thereon at the Aa Corporate Bond Rate (as defined in paragraph 3.5(vii) of the Employment Agreement, but determined as of the last day of the second month preceding the first day of the month coinciding with or next following the Retirement Date)) for any such payment not later than the fifth day following the expiration of such six-month period.