Pep Boys 2013 Annual Report Download - page 37

Download and view the complete annual report

Please find page 37 of the 2013 Pep Boys 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.

Page out of 164

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164

32
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
February 1, 2014.
Name
Cash Payment
($)
Michael R. Odell 830,000
David R. Stern 400,000
Christopher J. Adams 350,000
Thomas J. Carey 357,000
James F. Flanagan 325,000
The following table shows information regarding the payments and benefits that each named executive officer
would have received under his Change of Control Agreement assuming that he was terminated immediately upon a
change of control as of February 1, 2014.
Name
2X
Base Salary
($)
2X
Target
Bonus
($)
2X
Health
and
Welfare
Benefits
($)
Value of
Accelerated
Vesting of
Outstanding
Equity Awards
($)(a)
Total
($)
Michael R. Odell 1,660,000 1,660,000 46,524 2,072,254 5,438,808
David R. Stern 800,000 600,000 21,989 282,695 1,704,684
Christopher J. Adams 700,000 315,000 11,218 156,874 1,393,092
Thomas J. Carey 714,000 321,300 21,545 147,628 1,204,473
James F. Flanagan 650,000 292,500 7,982 132,558 1,083,040
(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 1, 2014 ($11.94).