Proxy-12-28-2020 - Report - Page 42
The Termination Agreements provide that an officer cannot compete with the Company during the term of the Termination
Agreement, and in the event of an involuntary termination after a change in control, until the last payment of any benefits to the
officer under the Termination Agreement. Each Termination Agreement also requires each officer not to disclose confidential
information of the Company during the term of the Termination Agreement or thereafter.
The following table shows potential payments to the NEOs upon disability and death, voluntary termination, involuntary
termination without cause or involuntary termination following a change in control. The amounts shown assume that the termination
was effective October 3, 2020, the last business day of the Company’s most recent fiscal year end. The actual amounts to be paid
can only be determined at the actual time of an officer’s termination.
Name
Type of Payment
Scannell
Severance (1)
Death
—
—
$ 2,701,757
491,229
—
—
—
STI (3)
$
593,829
593,829
—
$
593,829
$
593,829
$
—
Insurance Coverage (4)
—
—
—
$
32,434
$
32,434
Other perquisites (5)
—
—
—
$
14,847
$
14,847
Stock Option & SAR
awards (6)
$ 1,737,614
$ 1,737,614
$ 1,737,614
$ 1,737,614
$ 1,737,614
Stock awards (7)
$
—
—
—
$ 2,083,633
(3)
507,949
—
—
—
—
—
$ 3,330,620
$ 2,331,443
$ 1,737,614
$ 5,080,480
$ 7,409,727
$
927,510
$ 1,159,388
—
—
Severance (1)
Salary Continuance (2)
—
—
—
$
231,878
—
—
$
206,316
206,316
—
$
206,316
$
206,316
Insurance Coverage (4)
—
—
—
$
29,138
$
29,138
Other perquisites (5)
—
—
—
$
5,430
$
5,430
294,341
$
294,341
$
294,341
—
$
430,095
STI
Stock Option & SAR
awards (6)
Stock awards
(7)
$
294,341
$
81,136
$
813,671
Company transaction
contribution under DC
SERP (8)
Total
$
$
STI (3)
$
298,251
$
268,454
$
—
—
$
—
(2)
294,341
—
—
Severance (1)
Salary Continuance
$
—
—
—
294,341
$ 1,462,735
$ 2,124,707
—
—
$ 1,789,506
$ 1,789,506
500,657
$
—
—
268,454
—
$
268,454
—
$
268,454
—
Insurance Coverage (4)
—
—
—
$
30,159
$
30,159
Other perquisites (5)
—
—
—
$
15,490
$
15,490
Stock Option & SAR
awards (6)
$ 1,199,804
$ 1,199,804
$ 1,199,804
$ 1,199,804
Stock awards (7)
$
—
—
—
Company transaction
contribution under DC
SERP (8)
Total
38
$ 2,947,371
—
$
Total
Fishback
Voluntary
Termination
Involuntary
Termination
After a Change
in Control
Salary Continuance (2)
Company transaction
contribution under DC
SERP (8)
Walter
Disability or
Retirement
Involuntary
Termination
Without Cause
80,194
$ 1,199,804
$
240,498
—
—
—
—
—
$ 1,846,703
$ 1,468,258
$ 1,199,804
$ 3,303,413
$ 3,543,911
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