Logitech 2014 Annual Report Download - page 133

The following table sets forth information regarding the participation by our named executive officers in the
Logitech Inc. U.S. Deferred Compensation Plan during fiscal year 2014 and at fiscal year-end.
Name
Executive
Contributions
in Last Fiscal
Year ($)(1)
Logitech
Contributions
in Last Fiscal
Year ($)
Aggregate
Earnings in
Last Fiscal
Year ($)(2)
Aggregate
Withdrawals/
Distributions
($)
Aggregate
Balance at Last
Fiscal Year End
($)
Guerrino De Luca .................... — — — — —
Bracken P. Darrell .................... — — — —
Vincent Pilette ...................... — — — — —
Marcel Stolk ........................ — — — — —
L. Joseph Sullivan .................... — — 70,647 — 497,103
Former Officers:
Erik K. Bardman. . . . . . . . . . . . . . . . . . . . . — — — — —
Michael Doktorczyk .................. — — — — —
(1) Amounts are included in the Summary Compensation table in the “Salary” column for fiscal year 2014. All
contributions were made under the Logitech Inc. Deferred Compensation Plan.
(2) These amounts are not included in the Summary Compensation table because plan earnings were not
preferential or above market.
NARRATIVE DISCLOSURE TO NON-QUALIFIED DEFERRED COMPENSATION TABLE
Please refer to “Compensation Disclosure and Analysis—Other Compensation Elements—Deferred
compensation plan” for a discussion of the Logitech Inc. U.S. Deferred Compensation Plan effective January 1, 2009.
PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL
We have entered into agreements that provide for payments under certain circumstances in the event of
termination of employment of our executive officers. These agreements include:
• Change of control severance agreements, under which an executive officer may receive certain benefits
if he or she is subject to an involuntary termination within 12 months after a “change of control” because
his or her employment is terminated without cause or because the executive resigns for good reason.
• PSU, RSU, and PSO award agreements that provide for the accelerated vesting of the shares subject
to the award agreements under certain circumstances, including the same circumstances as under the
change of control agreements.
• Offer letters with Bracken Darrell and Vincent Pilette, under which they are entitled to severance
benefits if we terminate their employment without cause or if they resign for good reason.
• An employment agreement with Marcel Stolk, under which he is entitled to receive a three-month notice
period if we terminate his employment or if he resigns.
These agreements are described in more detail in the subsections below.
Other than the agreements above, there are no agreements or arrangements for the payment of severance to a
named executive officer in the event of his involuntary termination with or without cause.
In fiscal year 2014, Mr. De Luca was awarded an RSU grant of 250,000 shares in recognition of his service
as Logitech’s acting Chief Executive Officer from July 2011 through January 2013. Given that the award was based
on past service, if Mr. De Luca’s service with the Company terminates by reason of death or disability or if Mr. De
Luca ceases to be Chairman of the Board at the request or upon action of the Board or by action of the Company’s
shareholders or is not re-elected to the Board, all then unvested RSUs under the award will vest immediately.
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