ADT 2015 Annual Report Download - page 58

FISCAL YEAR 2015 NEO COMPENSATION—CONTINUED
The following table summarizes the severance benefits that would have been payable to each of the 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 25,
2015. Equity award amounts are calculated using a price of $30.70, which was the closing price of the Company’s common stock on the NYSE
on September 25, 2015.
Change in Control Other Termination
Name/Form of Compensation (a)
Without
Qualified
Termination
($) (b)
With
Qualified
Termination
($) (c) With Cause ($) (d)
Without
Cause
($) (e)
Resignation/
Retirement
($) (f)
Death or
Disability
($) (g)
Naren Gursahaney
Cash Severance — 3,600,000 — 3,600,000 — —
Benefit Continuation & Outplacement — 21,395 — 21,395 — —
Accelerated Vesting of Equity Awards — 5,669,138 — 60,309 — 5,669,138
Total — 9,290,533 — 3,681,704 —5,669,138
Michael Geltzeiler
Cash Severance — 3,000,000 — 2,250,000 — —
Benefit Continuation & Outplacement — 17,304 — 17,304 — —
Accelerated Vesting of Equity Awards — 2,580,489 — — — 2,580,489
Total — 5,597,792 — 2,267,304 —2,580,489
Jerri DeVard
Cash Severance — 1,700,000 — 1,275,000 — —
Benefit Continuation & Outplacement — 21,027 — 21,027 — —
Accelerated Vesting of Equity Awards — 1,165,096 — — — 1,165,096
Total — 2,886,123 — 1,296,027 —1,165,096
Alan Ferber
Cash Severance — 1,700,000 — 1,275,000 — —
Benefit Continuation & Outplacement — 21,395 — 21,395 — —
Accelerated Vesting of Equity Awards — 1,360,685 — — — 1,360,685
Total — 3,082,080 — 1,296,395 —1,360,685
N. David Bleisch
Cash Severance — 1,632,000 — 1,224,000 — —
Benefit Continuation & Outplacement — 21,395 — 21,395 — —
Accelerated Vesting of Equity Awards — 985,210 — 465,337 464,465 985,210
Total — 2,638,606 — 1,710,732 464,465 985,210
48 The ADT Corporation 2016 Proxy Statement
PROXY STATEMENT