Pep Boys 2006 Annual Report Download - page 32

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26
Potential Payments Upon Termination or Change of Control
The following table shows information regarding the payments and benefits that a named executive officer
would have received under his Non-Competition Agreement assuming that he was terminated without cause as of
February 3, 2007.
Name
Cash Payment
($)
Other
Benefits
($)
Mark S. Bacon 360,000 --
Hal Smith 900,000 928,580
(a)
Mark L. Page 530,250 --
Harry F. Yanowitz 400,000 --
(a) Represents the value of the accelerated vesting of all “in the money” stock options and RSUs at the closing
price of a share of PBY Stock on February 3, 2007 ($16.01).
The following table shows information regarding the payments and benefits that a named executive officer
would have received under his Change of Control Agreement assuming that he was terminated immediately upon a
change of control as of February 3, 2007.
Name
2X
Base
Salary
($)
2X
Target
Bonus
($)
2X
SERP
($)
(a)
2X
Health and
Welfare
Benefits
($)
Value of
Accelerated
Vesting of
Outstanding
Equity Awards
($)(b)
Mark S. Bacon 720,000 360,000 108,0 00 68,960 916,656
Hal Smith 900,000 450,000 256,500 87,770 940,868
Mark L. Page 707,000 318,150 -- 70,395 65,255
Harry F. Yanowitz 800,000 360,000 116,000 67,817 1,056,281
(a) For Messrs. Bacon, Smith and Page represents two year’s worth of contributions under the defined
contribution portion of the SERP. Mr. Page, who participates in the defined benefit portion of the SERP,
has achieved the maximum number of years of service there under and, accordingly, would receive no
additional benefit under the SERP upon termination following a change of control.
(b) Represents the value of the accelerated vesting of all “in the money” stock options and RSUs at the
closing price of a share of PBY Stock on February 3, 2007 ($16.01).