59 / 84
59
The following table sets forth certain information relating to the compensation of Mr. Hinrichs,
our Vice President and Chief Financial Officer, upon a change in control of our company and following a
termination of Mr. Hinrichs’ employment. Mr. Hinrichs is not currently eligible for either early
retirement or normal retirement. Accordingly, the table omits terminations under those circumstances.
ExecutiveBenefits
andPayments
UponChange inControl or Termination
Voluntary
Termination
Involuntary
Not for Cause
Termination
(1)
For Cause
Termination
Change in
Controlwithout
Termination
Involuntaryor
GoodReason
Termination /
Change inControl
(2)
Deathor
Disability
Compensation:
Current Year SVAAnnual Cash Incentive
Payment of SVA fromPrior Years
TerminationPayment
$2,552,814
Target Supplemental Plan
(3)
286,446
RestrictedStock
UnvestedandAccelerated
$1,100,402
1,100,402
$1,100,402
StockAppreciationRights
UnvestedandAccelerated
353,598
353,598
353,598
Performance ShareUnits
UnvestedandAccelerated
393,808
393,808
54,311
Benefits andPerquisites:
CashPaymentUnder Retirement Plans
(4)
645,125
Post‐terminationHealth&Life Insurance
51,391
Life InsuranceProceeds
(5)
600,000
Disability
(6)
105,000
AccruedVacationPay
$36,538
$36,538
$36,538
36,538
36,538
Accounting and Legal Services
15,000
Outplacement Services
47,500
280GTax Cutback
Total:
$36,538
$36,538
$36,538
$1,847,808
$5,482,622 $2,249,849
(7)
(1) Assumes the executive’s employment is terminated by us without cause or by the executive with good reason not in connection with a change in
control of our company.
(2) Assumes the executive’s employment is terminated by us without cause or by the executive with good reason in connection with a change in
control of our company.
(3) Present value of annuity commencing on retirement and paid monthly for 15 years.
(4) Reflects a cash payment that is equal to the value of additional retirement benefits that the executive would have received if he remained
employed with us for an additional three years.
(5) Life insurance death benefit payable only in event of death. The amount shown reflects only the enhanced death benefits over those offered to
employees generally.
(6) Disability benefit payable only in event of disability. The amount shown reflects only the enhanced disability benefits that would be payable to the
executive over the course of a year compared with the disability benefits to which non‐executive officer salaried employees would receive over the
same period.
(7) The total amount shown is larger than the amount the executive would receive on a termination of employment in the event of death or disability
because it includes both amounts that would be payable only on death and amounts that would be payable only on disability.