Proxy-12-28-2020 - Report - Page 43
Name
Type of Payment
Trabert
Severance (1)
Death
$ 1,457,088
—
—
—
$ 1,457,088
$
242,848
—
—
—
STI (3)
$
220,180
220,180
—
$
220,180
$
220,180
$
—
Insurance Coverage (4)
—
—
—
$
23,396
$
23,396
Other perquisites (5)
—
—
—
$
14,699
$
14,699
—
$
—
$
—
—
$
464,929
—
—
$ 1,695,278
—
$ 1,715,363
$ 3,875,569
Stock Option & SAR
awards (6)
$
—
Stock awards (7)
$
117,650
$
580,678
Total
(3)
$
—
$
—
—
Severance (1)
Salary Continuance (2)
—
—
$
220,180
$
—
—
—
$ 1,353,816
$ 1,353,816
$
225,636
—
—
—
—
$
204,584
204,584
—
$
204,584
$
204,584
Insurance Coverage (4)
—
—
—
$
21,068
$
21,068
Other perquisites (5)
—
—
—
$
5,845
$
5,845
144,499
$
144,499
$
144,499
—
$
464,929
—
—
$ 1,350,114
144,499
$ 1,729,812
$ 3,544,855
$
918,972
$ 1,148,715
STI
Stock Option & SAR
awards (6)
Stock awards
(7)
$
144,499
$
117,650
$
692,369
Company transaction
contribution under DC
SERP (8)
Total
Roche
Voluntary
Termination
Involuntary
Termination
After a Change
in Control
Salary Continuance (2)
Company transaction
contribution under DC
SERP (8)
Athoe
Disability or
Retirement
Involuntary
Termination
Without Cause
$
STI (3)
$
229,743
$
216,702
$
—
—
$
—
(2)
144,499
—
—
Severance (1)
Salary Continuance
$
$
349,083
$
—
—
—
—
216,702
—
$
216,702
—
—
$
216,702
Insurance Coverage (4)
—
—
—
$
15,016
$
15,016
Other perquisites (5)
—
—
—
$
6,575
$
6,575
787,304
$
787,304
$
787,304
—
$
464,929
Stock Option & SAR
awards (6)
$
787,304
Stock awards (7)
$
117,650
Company transaction
contribution under DC
SERP (8)
$
$
—
—
$ 1,351,399
787,304
—
—
$ 1,004,006
$
—
—
—
787,304
$ 1,944,569
$ 2,639,241
(1) Severance payments for Messrs. Fishback, Scannell, Trabert and Ms. Athoe under an involuntary termination due to a change
in control would be 36 months, whereas Mr. Roche and Ms. Walter would be 30 months, and are all reflected in the table
above. In the event of an involuntary termination (no change in control), severance payments for Mr. Scannell would be 33
months, Mr. Roche and Ms. Walter would be 24 months, Messrs. Fishback, Trabert and Ms. Athoe would be 36 months.
(2) Represents payment of base salary for a period of six months to the NEO’s surviving spouse or estate.
(3) For years when there is STI, termination benefits would include those STI payments for all except voluntary termination. STI
is comprised of the Non-Equity Incentive Compensation, and a portion of Stock Awards columns related to the STI included
in the Summary Compensation Table.
(4) For purposes of determining premiums for medical, life and disability coverage, the premiums paid in fiscal 2020 are reflected.
In the event of death, the estate or beneficiary of the officers will receive a life insurance payment pursuant to a plan covering
all employees, subject to a cap of $4,000,000. In the event of disability, the officers are covered under a disability plan for all
employees, which for officers provides up to 70% of pay until normal retirement age.
(5) For purposes of determining other perquisites the amount paid in fiscal 2020 for club dues and auto expenses are reflected
and outplacement services have been estimated at $5,000.
(6) This is the value of outstanding, in the money stock option and SAR awards at October 3, 2020. The value was determined
using October 2, 2020 Class A and Class B market prices. For stock options, the value was calculated by multiplying the
market price by shares which can be acquired assuming all such options were exercised less the exercise price of the option.
For SARs, the value was calculated for the increase in the market price over the exercise price.
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