ADT 2014 Annual Report Download - page 52
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FISCAL YEAR 2014 NEO COMPENSATION—CONTINUED
The following table summarizes the severance benefits that would have been payable to each of our NEOs upon termination of employment or
upon a qualifying termination in connection with a change in control, assuming that the triggering event or events occurred on September 26,
2014. Equity award amounts are calculated using a price of $35.61, which was the closing price of the Company’s common stock on the NYSE
on September 26, 2014.
Change in Control Other Termination
Name/Form of Compensation
Without
Qualified
Termination
($)
With
Qualified
Termination
($) With Cause
($) Without
Cause ($)
Resignation/
Retirement
($)
Death or
Disability
($)
Naren Gursahaney
Cash Severance — 3,600,000 — 3,600,000 — —
Benefit Continuation & Outplacement — 21,199 — 21,199 — —
Accelerated Vesting of Equity Awards — 5,505,426 — 551,728 — 5,505,426
Total — 9,126,625 — 4,172,927 — 5,505,426
Michael Geltzeiler
Cash Severance — 3,000,000 — 2,250,000 — —
Benefit Continuation & Outplacement — 16,619 — 16,619 — —
Accelerated Vesting of Equity Awards — 1,565,950 — — — 1,565,950
Total — 4,582,569 — 2,266,619 — 1,565,950
Alan Ferber
Cash Severance — 1,700,000 — 1,275,000 — —
Benefit Continuation & Outplacement — 29,085 — 29,085 — —
Accelerated Vesting of Equity Awards — 919,450 — — — 919,450
Total — 2,648,536 — 1,304,085 — 919,450
N. David Bleisch
Cash Severance — 1,445,000 — 1,083,750 — —
Benefit Continuation & Outplacement — 21,199 — 21,199 — —
Accelerated Vesting of Equity Awards — 1,052,592 — 92,660 — 1,052,592
Total — 2,518,791 — 1,197,609 — 1,052,592
Jerri DeVard
Cash Severance — 1,700,000 — 1,275,000 — —
Benefit Continuation & Outplacement — 29,085 — 29,085 — —
Accelerated Vesting of Equity Awards — 881,876 — 89,666 — 881,876
Total — 2,610,961 — 1,393,751 — 881,876
44 The ADT Corporation 2015 Proxy Statement
PROXY STATEMENT
PROXY STATEMENT