AutoZone 2010 Annual Report Download - page 61
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Please find page 61 of the 2010 AutoZone annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.The following table shows the amounts that the Named Executive Officers would have received if their
employment had been involuntarily terminated on August 28, 2010. This table does not include amounts
related to the Named Executive Officers’ vested benefits under our deferred compensation and pension plans
or pursuant to stock option awards, all of which are described in the tables above.
Name
Voluntary or
for Cause
Termination
($)
Involuntary
Termination Not
for Cause
($)
Change in
Control
($)
Disability
($)
Death
($)
Normal
Retirement
($)
William C. Rhodes, III(1)
Severance Pay . . . . . . . . . . . . — 2,840,500 — — — —
Annual Incentive. . . . . . . . . . . — 1,572,937 — 1,572,937 1,572,937 1,572,937
Benefits Continuation . . . . . . . — 11,208 — — 2,345 —
Unvested Stock Options . . . . . . — — — — 7,189,913 —
Unvested Stock Awards . . . . . . — 28,764 — 28,764 28,764 28,764
Disability Benefits . . . . . . . . . — — — 6,960,000 — —
Life Insurance Benefits . . . . . . — — — — 3,618,000 —
Total ................... — 4,453,409 —8,561,701 12,411,959 1,601,701
William T. Giles(2)
Severance Pay . . . . . . . . . . . . — 712,500 — — — —
Annual Incentive. . . . . . . . . . . — 605,519 — 605,519 605,519 605,519
Benefits Continuation . . . . . . . — 12,663 — — 2,345 —
Unvested Stock Options . . . . . . — — — — 4,129,640 —
Unvested Stock Awards . . . . . . — 9,015 — 9,015 9,015 9,015
Disability Benefits . . . . . . . . . — — — 4,920,000 — —
Life Insurance Benefits . . . . . . — — — — 1,670,000 —
Total ................... — 1,339,697 —5,534,534 6,416,519 614,534
James A. Shea(2)
Severance Pay . . . . . . . . . . . . — 920,000 — — — —
Annual Incentive. . . . . . . . . . . — 563,640 — 563,640 563,640 563,640
Benefits Continuation . . . . . . . — 7,934 — — 1,212 —
Unvested Stock Options . . . . . . — — — — 4,129,640 —
Disability Benefits . . . . . . . . . — — — 720,000 — —
Life Insurance Benefits . . . . . . — — — — 1,027,000 —
Total ................... — 1,491,574 —1,283,640 5,721,492 563,640
Harry L. Goldsmith(3)
Salary Continuation. . . . . . . . . — 1,200,000 — — — —
Annual Incentive. . . . . . . . . . . — 509,838 — 509,838 509,838 509,838
Benefits Continuation . . . . . . . — 28,142 — — 2,424 —
Unvested Stock Options . . . . . . — 3,836,294 — — 3,836,294 —
Unvested Stock Awards . . . . . . — 5,366 — 5,366 5,366 5,366
Disability Benefits . . . . . . . . . — — — 2,040,000 — —
Life Insurance Benefits . . . . . . — — — — 1,404,000 —
Total ................... — 5,579,640 —2,555,204 5,757,922 515,204
Larry M. Roesel(2)
Severance Pay . . . . . . . . . . . . — 566,250 — — — —
Annual Incentive. . . . . . . . . . . — 385,681 — 385,681 385,681 385,681
Benefits Continuation . . . . . . . — 11,208 — — 2,345 —
Unvested Stock Options . . . . . . — — — — 3,036,803 —
Disability Benefits . . . . . . . . . — — — 4,170,000 — —
Life Insurance Benefits . . . . . . — — — — 1,000,000 —
Total ................... — 963,139 —4,555,681 4,424,829 385,681
(1) Severance Pay, Bonus and Benefits Continuation amounts shown under the “Involuntary Termination Not
for Cause” column reflects the terms of Mr. Rhodes’ Agreement described above. Unvested stock options
are those outstanding, unvested stock options which will vest immediately upon the option holder’s death.
Unvested stock awards are share options under the Executive Stock Purchase Plan, which vest upon
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