Kroger 2015 Annual Report Download - page 56

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(1) The prorated amount is equal to the number of weeks of active employment during the performance
period divided by the total number of weeks in the performance period.
(2) The minimum age requirement is age 62 for stock options and restricted stock and age 55 for
performance units and the long-term cash bonus.
(3) These benefits are payable upon a change in control of Kroger with or without a termination of
employment.
Quantification of Payments upon Termination or Change in Control
The following table provides information regarding certain potential payments that would have been
made to the NEOs if the triggering event occurred on the last day of the fiscal year, January 30, 2016,
given compensation, age and service levels as of that date and, where applicable, based on the closing
market price per Kroger common share on the last trading day of the fiscal year ($38.81 on January 29,
2016). Amounts actually received upon the occurrence of a triggering event will vary based on factors
such as the timing during the year of such event, the market price of Kroger common shares, and the
officer’s age, length of service and compensation levels.
Name
Involuntary
Termination
Voluntary
Termination/
Retirement Death Disability
Change
in Control
without
Termination
Change in
Control with
Termination
W. Rodney McMullen
Accrued and Banked Vacation $763,072 $ 763,072 $ 763,072 $ 763,072 $ 763,072 $ 763,072
Severance — — — — — 4,790,016
Additional Vacation and Bonus — — — — — 108,173
Continued Health and Welfare Benefits(1) — — — — — 58,326
Stock Options(2) — — 8,973,448 8,973,448 8,973,448 8,973,448
Restricted Stock(3) — — 13,928,560 13,928,560 13,928,560 13,928,560
Performance Units(4) — 2,615,463 2,615,463 2,615,463 2,467,908 2,467,908
Long-Term Cash Bonus(5) — 1,133,340 1,133,340 1,133,340 1,150,000 1,150,000
Executive Group Life Insurance — — 4,910,000 — — —
J. Michael Schlotman
Accrued and Banked Vacation $516,928 $ 516,928 $ 516,928 $ 516,928 $ 516,928 $ 516,928
Severance — — — — — 2,581,080
Additional Vacation and Bonus — — — — — 45,622
Continued Health and Welfare Benefits(1) — — — — — 48,995
Stock Options(2) — — 3,962,059 3,962,059 3,962,059 3,962,059
Restricted Stock(3) — — 5,929,004 5,929,004 5,929,004 5,929,004
Performance Units(4) — 850,471 850,471 850,471 887,585 887,585
Long-Term Cash Bonus(5) — 743,335 743,335 743,335 747,500 747,500
Executive Group Life Insurance — — 3,064,200 — — —
Michael J. Donnelly
Accrued and Banked Vacation $245,191 $ 245,191 $ 245,191 $ 245,191 $ 245,191 $ 245,191
Severance — — — — — 2,345,731
Additional Vacation and Bonus — — — — — 42,451
Continued Health and Welfare Benefits(1) — — — — — 38,794
Stock Options(2) — — 2,252,578 2,252,578 2,252,578 2,252,578
Restricted Stock(3) — — 3,908,361 3,908,361 3,908,361 3,908,361
Performance Units(4) — 575,422 575,422 575,422 572,059 572,059
Long-Term Cash Bonus(5) — 650,008 650,008 650,008 653,230 653,230
Executive Group Life Insurance — — 2,770,000 — — —
Christopher T. Hjelm
Accrued and Banked Vacation $ 53,848 $ 53,848 $ 53,848 $ 53,848 $ 53,848 $ 53,848
Severance — — — — — 2,053,342
Additional Vacation and Bonus — — — — — 39,487
Continued Health and Welfare Benefits(1) — — — — — 48,101
Stock Options(2) — — 2,156,403 2,156,403 2,156,403 2,156,403
Restricted Stock(3) — — 3,730,340 3,730,340 3,730,340 3,730,340
Performance Units(4) — 637,879 637,879 637,879 665,727 665,727
Long-Term Cash Bonus(5) — 606,668 606,668 606,668 610,000 610,000
Executive Group Life Insurance — — 3,165,000 — — —