Rayovac 2009 Annual Report Download - page 106

Table of Contents
Index to Financial Statements
Grants of Plan−Based Awards
The following table and footnotes provide information with respect to equity grants made to the named executive officers during Fiscal 2009 as well
as the range of future payouts under non−equity incentive plans for the named executive officers.
Grants of Plan−Based Awards Table
Grant
Date
Estimated Future
Payouts Under Non−
Equity Incentive Plan Awards
Estimated Future
Payouts Under
Equity Incentive Plan Awards All Other Stock Awards
Number
of Shares
Fair
Value on
Grant
Date(1)Name Threshold $Target $Maximum $Threshold #Target #Maximum #
Kent J. Hussey 11/17/2008(2)
(3)
(4) $ $515,625 660,000 $ $1,031,250 1,320,000 $ $2,062,500 2,640,000
93,750 187,500 187,500 $122,813
Anthony L. Genito (3)
(4) $ $212,500 318,750 $ $425,000 637,500 $ $850,000 1,275,000
David R. Lumley (3)
(4) $
$300,000
450,000 $
$600,000
900,000 $
$1,200,000
1,800,000
John A. Heil (3)
(4) $ $250,000 375,000 $ $500,000 750,000 $ $1,000,000 1,500,000
(1) This column reflects the average of the high and low price per share on the grant date as determined pursuant to ASC 718. See Note 3(w), Stock
Compensation, of Notes to Consolidated Financial Statements included in this Annual Report on Form 10−K for additional information as to the
assumptions used in the valuation of these awards.
(2) Represents performance−based restricted stock granted to executives pursuant to the Company’s 2009 Equity LTIP, granted under the 2004 Rayovac
Incentive Plan. The 2009 Equity LTIP restricted stock grant is described under the heading “Equity−based Long Term Incentive Plan”. Upon the
Company’s emergence from Chapter 11 of the Bankruptcy Code and pursuant to the Company’s Plan of Reorganization, all existing equity securities
of the Company as of the Effective Date, including all shares reflected in this column, were extinguished.
(3) Represents the threshold, target and maximum payments under the Company’s Management Incentive Plan for Fiscal 2009. The actual amount earned
under these plans for Fiscal 2009 is disclosed in the “Summary Compensation Table” as part of the column entitled “Non−Equity Incentive Plan
Compensation”.
(4) Represents the threshold, target and maximum payments under the Company’s cash−based portion of the Long Term Incentive Plan for Fiscal 2009.
The actual amount earned under these plans for Fiscal 2009 is disclosed in the “Summary Compensation Table” as part of the column entitled
“Non−Equity Incentive Plan Compensation”.
We refer you to the “Compensation Discussion and Analysis” and the “Termination and Change in Control Provisions” sections of this report as well
as the corresponding footnotes to the tables for material factors necessary for an understanding of the compensation detailed in the above two tables.
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