Redbox 2008 Annual Report Download - page 112

Download and view the complete annual report

Please find page 112 of the 2008 Redbox 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 132

  • 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

change of control event had occurred. Actual amounts payable can only be determined at the time of termination or
change of control.
Name Benefit
Before Change
of Control
Termination
Without Cause or
for Good Reason
Change of
Control(1)
David W. Cole ................. Cash Severance(2) $475,000 $ 475,000
Restricted Stock Acceleration(3) — 779,834
Stock Option Acceleration(4) — —
Health and Benefits(5) 15,406 —
Total $490,406 $1,254,834
Paul D. Davis .................. Cash Severance(2) $400,000 $ 400,000
Restricted Stock Acceleration(3) — 348,839
Stock Option Acceleration(4) — —
Health and Benefits(5) 15,954 —
Total $415,954 $ 748,839
Brian V. Turner ................ Cash Severance(2) $364,000 $ 364,000
Restricted Stock Acceleration(3) — 450,271
Stock Option Acceleration(4) — —
Health and Benefits(5) 20,802 —
Total $384,802 $ 814,271
Donald R. Rench ............... Cash Severance(2) $ 247,503
Restricted Stock Acceleration(3) 117,255
Stock Option Acceleration(4) —
Health and Benefits(5) 15,415
Total $ 380,173
Alexander C. Camara ............ Cash Severance(2) $ 300,000
Restricted Stock Acceleration(3) 147,964
Stock Option Acceleration(4) 4,213
Health and Benefits(5) 5,269
Total $ 457,446
James C. Blakely ............... Cash Severance(2) $ 262,005
Restricted Stock Acceleration(3) 167,474
Stock Option Acceleration(4) —
Health and Benefits(5) 15,730
Total $ 445,209
(1) Except for the restricted stock and option acceleration, the amounts in this column assume termination of
employment in connection with a change of control.
(2) Amount reflects cash severance of one year’s annual base salary based on the executive’s 2008 annual base
salary.
(3) Calculated by multiplying the number of accelerated shares of restricted stock by $19.51 (the closing price of
the Company’s common stock on December 31, 2008). For purposes of the amounts reflected in the table, the
number of performance-based restricted stock actually earned for 2008 is reflected and we have assumed that
the plan administrator elected to accelerate the vesting of the restricted stock award and/or that the surviving
company refused to assume or substitute the awards.
30