Pep Boys 2009 Annual Report Download - page 33

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27
Potential Payments Upon Termination or Change of Control
The following table shows information regarding the payments and benefits that each named executive officer
would have received under his Non-Competition Agreement assuming that he was terminated without cause as of
January 30, 2010.
Name
Cash Payment
($)
Michael R. Odell 800,000
Raymond L. Arthur 500,000
Joseph A. Cirelli 300,020
William E. Shull III 320,000
Scott A. Webb 400,000
The following table shows information regarding the payments and benefits that each named executive officer
would have received under his Change of Control Agreement assuming that he was terminated immediately upon a
change of control as of January 30, 2010.
Name
2X
Base
Salary
($)
2X
Target
Bonus
($)
2X
Account
Plan
Contri-
butions
($)
2X
Health
and
Welfare
Benefits
($)
Value of
Accelerated
Vesting of
Outstanding
Equity Awards
($)(a)
Total
($)
Michael R. Odell 1,600,000 1,600,000 320,000 74,929 2,305,844 5,900,773
Raymond L. Arthur 1,000,000 750,000 280,000 66,411 348,361 2,444,772
Joseph A. Cirelli 600,040 270,018 139,209 48,227 177,169 1,234,663
William E. Shull 640,000 288,000 92,800 66,826 242,600 1,330,226
Scott A. Webb 800,000 360,000 116,000 69,856 385,371 1,731,227
(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 January 29, 2010 ($8.35).