Pottery Barn 2014 Annual Report Download - page 157
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of February 1, 2015 under the EVP Retention Plan (and individual agreements) if within 18 months following a
change of control of the company, the executive’s employment was terminated by us without cause, or by the
executive for good reason.
Potential Double-Trigger Change in Control Benefits
Name Base Salary(1) Bonus Payment(2)
Equity
Awards(3)(4)
Health Care
Benefits(5)
Julie P. Whalen ......................... $1,400,000 $1,233,333 $ 6,000,117(6) $36,000
Sandra N. Stangl ........................ $2,200,000 $3,066,667 $10,333,335(7) $36,000
Patrick J. Connolly ...................... $1,400,000 $1,433,333 $ 5,055,271(8) $36,000
(1) Represents 200% of each Named Executive Officer’s base salary as of February 1, 2015.
(2) Represents 200% of the average annual bonus received by each Named Executive Officer in the 36-month
period prior to February 1, 2015.
(3) Value is based on a stock price of $78.25, the closing price of our common stock on January 30, 2015, the
last business day of fiscal 2014.
(4) Does not include any amount for the acceleration of vesting of performance stock units upon death or
disability since the acceleration of any performance stock units upon death or disability remains subject to
achievement of the performance goals, as certified by our Compensation Committee.
(5) Based on a monthly payment of $3,000 to be paid by the company for 12 months in lieu of continued
employment benefits.
(6) Represents the sum of (i) $5,470,849 for acceleration of vesting of 69,915 restricted stock units, (ii) $79,096
for acceleration of vesting of 2,116 shares underlying outstanding option awards and (iii) $450,172 for
acceleration of vesting of 5,753 performance stock units.
(7) Represents the sum of (i) $8,933,411 for acceleration of vesting of 114,165 restricted stock units,
(ii) $474,539 for acceleration of vesting of 12,695 shares underlying outstanding option awards and
(iii) $925,385 for acceleration of vesting of 11,826 performance stock units.
(8) Represents the sum of (i) $4,326,755 for acceleration of vesting of 55,294 restricted stock units,
(ii) $395,406 for acceleration of vesting of 10,578 shares underlying outstanding option awards and
(iii) $333,110 for acceleration of vesting of 4,257 performance stock units.
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