ADT 2012 Annual Report Download - page 81
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(1) Under the Tyco Severance Plan in effect on September 28, 2012, Mr. Gursahaney would have been entitled
to two times base salary and two times target bonus, Ms. Mikells would have been entitled to 1.5 times base
salary and 1.5 times target bonus, and each of our other named executive officers would have been entitled
to one times base salary and one times target bonus. Under the Tyco CIC Severance Plan in effect on
September 28, 2012, Mr. Gursahaney would have been entitled to a severance payment of two times base
salary and two times target bonus, subject to possible reduction if the excise tax under Section 4999 of the
Code applied. In addition, Ms. Mikells would have been eligible to receive a severance payment of 1.5 times
base salary and 1.5 times target bonus if she had a qualifying termination in the event of a Change in
Control prior to the Separation. While none of our other named executive officers participated in the Tyco
CIC Severance Plan, they would have been entitled to receive enhanced severance benefits upon certain
terminations following a Change in Control under the terms of the Tyco Severance Plan. In addition to the
amounts included in this table, our named executive officers would have been entitled to the annual
performance bonus for the year in which employment was terminated. The bonus payments are included in
the Summary Compensation Table under the column heading “Non-Equity Incentive Plan Compensation”
and are discussed above under the heading “—Compensation, Discussion and Analysis—Elements of
Compensation—Tyco Programs—Annual Incentive Compensation.”
(2) Amounts represent the intrinsic value of unvested Tyco equity awards and stock options that would have
vested upon a triggering event for each of our named executive officers. Amounts in respect of PSUs reflect
the number of shares based on actual performance results through June 29, 2012.
(3) Amounts represent the Tyco-provided supplemental life insurance benefit for Mr. Gursahaney that would
have been delivered upon his death.
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