Bed, Bath and Beyond 2013 Annual Report Download - page 66

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Cash
Severance
Senior Status
Salary
Continuation
(3)
Option
Acceleration
(4)
Restricted
Stock
Acceleration
(4)
Warren Eisenberg
(9)
Termination Without Cause/
Constructive Termination
(1) (2)
$ 3,288,706 $5,646,396 $ — $ 5,583,417
Change in Control (No Termination) $ — $ — $ — $ —
Change in Control + Termination
(10)
$ 3,300,000 $ — $ — $ 5,583,417
Leonard Feinstein
(9)
Termination Without Cause/
Constructive Termination
(1) (2)
$ 3,288,706 $5,646,396 $ — $ 5,583,417
Change in Control (No Termination) $ — $ — $ — $ —
Change in Control + Termination
(10)
$ 3,300,000 $ — $ — $ 5,583,417
Steven H. Temares
(11)
Termination Without Cause
(10)
$11,902,500 $ — $6,502,682 $19,445,893
Voluntary Termination
(12)
$ 3,967,500 $ — $ — $ —
Change in Control (No Termination) $ — $ — $ — $ —
Change in Control + Termination
(10)
$11,902,500 $ — $6,502,682 $19,445,893
Arthur Stark
(13)
Termination Without Cause
(10)
$ 4,770,000 $ — $2,268,999 $ 8,339,147
Voluntary Termination
(12)
$ 1,590,000 $ — $ — $ —
Change in Control (No Termination) $ — $ — $ — $ —
Change in Control + Termination
(10)
$ 4,770,000 $ — $2,268,999 $ 8,339,147
Eugene A. Castagna
(13)
Termination Without Cause
(12)
$ 1,590,000 $ — $2,268,999 $ 6,600,378
Voluntary Termination
(12)
$ 1,590,000 $ — $ — $ —
Change in Control (No Termination) $ — $ — $ — $ —
Change in Control + Termination
(12)
$ 1,590,000 $ — $2,268,999 $ 6,600,378
Susan E. Lattmann
Termination Without Cause $ — $ — $ — $ —
Change in Control (No Termination) $ — $ — $ — $ —
Change in Control + Termination $ — $ — $ — $ —
Matthew Fiorilli
(13)
Termination Without Cause
(10)
$ 4,425,000 $ — $2,268,999 $ 6,600,378
Voluntary Termination
(12)
$ 1,475,000 $ — $ — $ —
Change in Control (No Termination) $ — $ — $ — $ —
Change in Control + Termination
(10)
$ 4,425,000 $ — $2,268,999 $ 6,600,378
(1) Cash severance represents current salary continuation through February 25, 2017.
(2) In the event of a termination of employment due to death or disability, each of Messrs. Eisenberg and Feinstein (or their respective
estates) will receive the same payments as if there was a ‘‘Termination Without Cause/Constructive Termination,’’ except that
neither Mr. Eisenberg nor Mr. Feinstein (nor their respective estates) will receive either ‘‘Senior Status Salary Continuation’’ or
‘‘Benefit Continuation’’ payments.
(3) Represents $400,000, adjusted for the cost of living increase between June 30, 2000 and June 30, 2013 for the CPI-U for NY,
Northern NJ and LI, for 10 years during the Senior Status Period.
(4) Represents the value of unvested outstanding stock options and restricted stock that would accelerate and vest on a termination
occurring on March 1, 2014. In the case of stock options, the value is calculated by multiplying the number of shares underlying
each accelerated unvested stock option by the difference between the Per Share Closing Price and the per share exercise price. In
the case of restricted stock, the value is calculated by multiplying the number of shares of restricted stock that accelerate and vest
by the Per Share Closing Price.
(5) Represents the estimated present value of continued health and welfare benefits and other perquisites for the life of the executive
and his spouse.
(6) Reflects executives’ vested account balances as of March 1, 2014.
(7) For Messrs. Eisenberg and Feinstein, represents the estimated present value of lifetime supplemental pension payments,
commencing six months following the conclusion of the Senior Status Period. For Mr. Temares, present value will be paid out
six months following (1) termination without cause or (2) any termination (including voluntary termination) following a change in
control.
BED BATH & BEYOND PROXY STATEMENT
64