ADT 2013 Annual Report Download - page 52

FISCAL YEAR 2013 NEO COMPENSATION—CONTINUED
Non-Qualified Deferred Compensation Table
The following table presents information related to the non-qualified deferred compensation accounts of each of our NEOs as of September 27,
2013.
Name
Executive
Contributions in Last
Fiscal Year ($) (1)
Registrant
Contributions in Last
Fiscal Year ($) (1)
Aggregate Earnings in
Last Fiscal Year ($) (2)
Aggregate
Withdrawals/
Distributions ($)
Aggregate Balance
at Last Fiscal Year
End ($)
(a) (b) (c) (d) (e) (f)
Naren Gursahaney 56,137 44,232 747,274 — 5,166,960
Kathryn Mikells 16,359 — 5 — 16,364
N. David Bleisch (3) — 11,337 21,219 (37,605) 141,361
Alan Ferber — — — — —
Anita Graham 29,530 15,384 16,537 — 108,801
(1) The amounts in columns (b) and (c) reflect employee and Company contributions, respectively, under the SSRP, the Company’s non-qualified retirement savings plan. All of the amounts in
column (c) are included in the Summary Compensation Table under the column heading “All Other Compensation.” Under the terms of the SSRP, eligible executives may elect to defer up to
50% of his or her base salary and up to 100% of his or her performance bonus.
(2) The amounts in this column include earnings (or losses) on the NEO’s notional account in the SSRP.
(3) Although Mr. Bleisch did not make contributions to the SSRP in fiscal year 2013, matching “spillover” contributions were made to the account to reflect the additional matching contributions
Mr. Bleisch would have received relative to his participation in the Company’s RSIP would he not have reached his contribution limits as defined by the Internal Revenue Service.
Potential Payments Upon Termination or Change in Control
Our NEOs are eligible for certain payments and benefits upon a
termination of employment under either the Severance Plan or the
CIC Severance Plan, depending on the circumstances of their
termination.
Severance Plan. Our NEOs would receive benefits under the
Severance Plan upon an involuntary termination of employment other
than for Cause, permanent disability, or death. Upon such
termination, an NEO would be entitled to the following:
•A payment equal to 1.5 times his or her base salary and 1.5 times
his or her target annual bonus (2 times base salary and 2 times
target annual bonus for Mr. Gursahaney).
•Continued participation in the Company’s medical, dental and
health care reimbursement account coverage for 12 months
following termination of employment (or until the NEO commences
employment by another company and becomes eligible for
coverage under the new employer’s plans), subject to the NEO’s
payment of the employee portion of such coverage.
•To the extent the NEO has not become eligible for medical, dental
and health care reimbursement account coverage by a new
employer after the 12-month period following termination of
employment, a cash payment equal to the projected value of the
employer portion of the premiums for such coverage for an
additional period up to 12 months.
•At the Company’s discretion and subject to the Officer Short-Term
Bonus Plan, a pro-rata bonus for the year of termination based on
the actual performance of the Company and paid when bonuses
are paid to other participants in the plan.
•At the Company’s discretion, outplacement services for a period
not to exceed 12 months.
Each NEO must execute a general release of claims in favor of the
Company in order to receive these benefits. Following termination,
each NEO is prohibited from soliciting customers and employees for
a period of two years, and is prohibited from competing with the
Company for a period of one year.
CIC Severance Plan. In connection with a Change in Control, our
NEOs would receive benefits under the CIC Severance Plan only if
they had a qualifying termination of employment (an involuntary
termination of employment other than for Cause, permanent disability
or death, or a Good Reason Resignation, within the period beginning
60 days prior to, and ending 24 months following, a Change in
Control). Upon such termination, an NEO would be entitled to the
following:
•A payment equal to 2 times his or her base salary and 2 times his
or her target annual bonus.
•Continued participation in the Company’s medical, dental and
health care reimbursement account coverage for 12 months
following termination of employment (or until the NEO commences
employed by another company and becomes eligible for coverage
under the new employer’s plans), subject to the NEO’s payment
of the employee portion of such coverage.
•To the extent the NEO has not become eligible for medical, dental
and health care reimbursement account coverage by a new
employer after the 12-month period following termination of
employment, a cash payment equal to the projected value of the
employer portion of the premiums for such coverage for an
additional period of 12 months.
•A pro-rata bonus for the year of termination based on the target
bonus for the year of termination.
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