Best Buy 2010 Annual Report Download - page 59

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termination may be exercised during a 60-day period beginning on the termination date and (iii) stock based awards with performance-based
vesting criteria may vest, depending on the termination date. Upon involuntary termination for cause, all unvested stock options and unvested
stock awards are immediately and irrevocably forfeited.
(2) Upon voluntary termination: (i) stock options that are vested as of the date of termination may be exercised during a 60-day period beginning
on the termination date and (ii) all unvested stock options and stock awards are immediately and irrevocably forfeited as of the date of
termination.
(3) Upon involuntary termination or termination for good reason within 12 months following a change-in-control: (i) payment under the severance
plan is triggered, (ii) stock options vest 100% and may generally be exercised until their natural dates of expiration and (iii) stock awards with
performance-based vesting criteria will vest as if 100% of the target shares had been earned.
(4) Upon death or disability: (i) stock options vest 100% and may generally be exercised for a period of one year and (ii) stock awards with
performance-based vesting criteria will vest as if 100% of the target shares had been earned.
(5) Upon qualified retirement: (i) stock options vest 100% and may generally be exercised for a period of one year; (ii) stock awards with
performance-based vesting criteria will vest as if 100% of the target shares had been earned, except that in some cases, stock awards with
performance-based vesting criteria will be earned at the end of the performance measurement period, based on the level of performance
achieved; and (iii) stock awards with time-based vesting criteria will either vest 100% or will be irrevocably forfeited, depending on the terms
and conditions of the respective award agreement.
(6) The cash amount referenced represents the maximum payment that could be triggered upon termination of Mr. Wheway’s employment
agreement. The amount reflected has been converted to United States dollars from pound sterling using a conversion rate of 1.6168, the
average rate from May 2009 through the end of the fiscal year.
(7) Mr. Pershing terminated employment with us on February 5, 2010. The value realized prior to his termination of employment is described in
Options Exercised and Stock Vested on page 55 and the Summary Compensation Table on page 49. His outstanding equity awards as of
February 27, 2010, are described in Outstanding Equity Awards at Fiscal Year-End beginning on page 53.
(8) Mr. Willett retired on January 4, 2010. The value realized prior to his termination of employment is described in Options Exercised and Stock
Vested on page 55 and the Summary Compensation Table on page 49. His outstanding equity awards as of February 27, 2010, are described
in Outstanding Equity Awards at Fiscal Year-End beginning on page 53.
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