Cincinnati Bell 2007 Annual Report Download - page 74
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Please find page 74 of the 2007 Cincinnati Bell 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.Potential Payments upon Termination of Employment or a Change-in-Control
The following table shows potential payments to our Named Executive Officers directly and indirectly on
their behalf under existing contracts, agreements, plans or arrangements, whether written or unwritten, for
various scenarios involving a change-in-control or termination of employment, assuming a December 31, 2007
termination date and, where applicable, using the closing price of our common shares of $4.75 (as reported on the
NYSE as of December 31, 2007).
Name
Executive Payment on
Termination
Voluntary
Termination
($)
Involuntary Not
for Cause
Termination
($)
Involuntary for
Cause
Termination
($)
Change in
Control
($)
Death
($)
Disability
($)
John F. Cassidy Base Salary .................. — 1,290,000 — 1,928,550 — —
Annual Incentive Target
Opportunity ................. — 1,677,000 — 2,507,115 838,500 838,500
Long Term Incentives —
Options .................... — 47,972 — 47,972 47,972 47,972
Long Term Incentives —
Performance Restricted Shares . . — 2,987,560 — 2,987,560 2,987,560 2,987,560
Basic Benefits ................ — 25,105 — 25,105 — 81,588
Retiree Benefits ............... — 7,953,077 — 7,953,077 — 6,577,274
Other Contractual
Payments ................... — — — — — —
Excise — Tax Gross-up (a)(b) . . . — — — 7,448,779 — —
TOTAL ................... — 13,980,714 — 22,898,158 3,874,032 10,532,894
Brian A. Ross Base Salary .................. — 375,000 — 750,000 — —
Annual Incentive Target
Opportunity ................. — 375,000 — 750,000 375,000 375,000
Long Term Incentives —
Options .................... — 1,080 — 2,160 2,160 2,160
Long Term Incentives —
Performance Restricted Shares . . — 349,244 — 601,588 601,588 601,588
Basic Benefits ................ — 12,304 — 12,304 — 123,040
Retiree Benefits ............... — 87,290 — 87,290 — 145,137
Other Contractual
Payments ................... — — — — — —
Excise — Tax Gross-up (a)(b) . . . — — — 907,261 — —
TOTAL ................... — 1,199,918 — 3,110,603 978,748 1,246,925
Brian G. Keating Base Salary .................. — 250,000 — 500,000 — —
Annual Incentive Target
Opportunity ................. — 125,000 — 250,000 125,000 125,000
Long Term Incentives —
Options .................... — 270 — 540 540 540
Long Term Incentives —
Performance Restricted Shares . . — 155,325 — 262,200 262,200 262,200
Basic Benefits ................ — 11,421 — 11,421 — 3,807
Retiree Benefits ............... — 42,363 — 42,363 — 201,037
Other Contractual
Payments ................... — — — — — —
Excise — Tax Gross-up (a)(b) . . . — — — 464,307 — —
TOTAL ................... — 584,379 — 1,530,831 387,740 592,584
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