Golden Parachutes Compensation
Officer
Cash (1)
($)(b)
Equity (2)
($)(c)
Perquisites/
Benefits (3)
($)(e)
Tax
Reimbursement (4)
($)(f)
Total
($)(g)
Stephen C. Hooley
$ 7,045,685 $ 20,973,303 $ 148,687 $ 0 $ 28,167,675
Gregg Wm. Givens
$ 2,149,863 $ 5,058,493 $ 68,100 $ 0 $ 7,276,456
Jonathan J. Boehm
$ 2,217,753 $ 5,897,916 $ 71,265 $ 0 $ 8,186,934
Vercie L. Lark
$ 2,081,973 $ 5,290,687 $ 71,265 $ 0 $ 7,443,925
Randall D. Young
$ 3,034,603 $ 3,494,973 $ 139,593 $ 0 $ 6,669,169
(1)
Cash. Column (b) represents the value of the cash severance payments payable to each named executive officer. For Messrs. Hooley and Young, this is equal to (a) base salary for the remainder of the three-year period, (b) an incentive award equal to the aggregate of the annual incentive awards for the three-year period at a target level of performance, and (c) a lump sum payment of a prorated annual incentive based on target performance for the year of termination. For the remaining NEOs, this is equal to (a) a lump sum severance payment equal to two times the sum of the executive’s (i) annual base salary as of immediately prior to his or her termination of employment and (ii) target incentive opportunity for the year in which the termination of employment occurred and (b) a lump sum payment of a prorated annual incentive based on target performance for the year of termination. The individual components of column (b) are quantified in the table below.
Name
Severance Payment ($)
Prorated Incentive
Stephen C. Hooley
$ 6,375,000 $ 670,685
Gregg Wm. Givens
$ 1,900,000 $ 249,863
Jonathan J. Boehm
$ 1,960,000 $ 257,753
Vercie L. Lark
$ 1,840,000 $ 241,973
Randall D. Young
$ 2,790,000 $ 244,603
The severance amounts under this column are all “double trigger” in nature, which means that payment of these amounts is conditioned upon a qualifying termination of employment on or after the completion of the merger.