Allstate 2011 Annual Report Download - page 59

service. Upon a showing of unforeseeable emergency, a plan participant may be allowed to access certain funds
in a deferred compensation account earlier than the dates specified above.
Potential Payments as a Result of Termination or Change-in-Control
The following table lists the compensation and benefits that Allstate would pay or provide to the named
executives in various scenarios involving a termination of employment, other than compensation and benefits
generally available to all salaried employees.
Compensation Elements
Non-Qualified Health,
Termination Annual Stock Restricted Pension Deferred Welfare and
Scenarios Base Salary Severance Pay Incentive Options Stock Units Benefits(1) Compensation(2) Other Benefits
Voluntary Ceases None Forfeited Unvested are Forfeited Distributions Distributions None
Termination immediately unless forfeited, commence commence per
terminated on vested expire per plan participant
last day of at the earlier election
fiscal year of three
months or
normal
expiration
Involuntary Ceases None Forfeited Unvested are Forfeited Distributions Distributions None
Termination(3) immediately unless forfeited, commence commence per
terminated on vested expire per plan participant
last day of at the earlier election
fiscal year of three
months or
normal
expiration
Retirement(4) Ceases None Pro rated for Continue to RSUs continue Distributions Distributions None
Immediately the year based vest upon to vest upon commence commence per
on actual normal or normal per plan participant
performance health retirement. election
for the year retirement; Forfeited in
unvested early
forfeited upon retirement.
early
retirement. All
expire at
earlier of five
years or
normal
expiration.
Termination Ceases Lump sum Pro rated at Vest Vest Immediately Immediately Outplacement
due to Immediately equal to three target (reduced immediately immediately payable upon payable upon a services
Change- times salary, by any actually upon a change upon a change a change in change in provided;
in-Control(5) three times paid) in control in control control control continuation
annual coverage
incentive at subsidized(7)
target and
pension
enhancement(6)
Death One month None Pro rated for Vest Vest Distributions Payable within None
salary paid year based on immediately immediately commence 90 days
upon death actual and expire at per plan
performance earlier of two
for the year years or
normal
expiration
Disability Ceases None Pro rated for Vest Forfeited Participant Distributions Supplemental
Immediately year based on immediately may request commence per Long Term
actual and expire at payment if participant Disability
performance earlier of two age 50 or election benefits
for the year years or older
normal
expiration
(1) See the section titled Pension Benefits for further detail on non-qualified pension benefits and timing of payments.
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Proxy Statement