Staples 2006 Annual Report Download - page 62

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46
Retirement or
Resignation
Termination
for Cause
Termination
Without
Cause or
Resignation
for Good
Reason
Termination
Following
Change-in-
Control
Death or
Disability
John J. Mahoney
Cash Severance Payment . . . . . . . . . . . . . . . $ 0 $ 0 $ 1,675,213 $ 2,233,618 $ 0
Value of Accelerated Vesting of Equity
Compensation . . . . . . . . . . . . . . . . . . . . . . $ 6,038,325 $ 0 $ 6,038,325 $ 7,916,719 $ 6,250,369
SERP Lump Sum Value Payout . . . . . . . . . $ 831,185 $ 601,785 $ 831,185 $ 831,185 $ 831,185
Continuation of Benefits . . . . . . . . . . . . . . . $ 8,559 $ 8,559 $ 123,944 $ 162,818 $ 0
Life Insurance Payout.................. $ 0 $ 0 $ 0 $ 0 $ 1,951,305
Survivor Death Benefit Payout.......... $ 0 $ 0 $ 0 $ 0 $ 2,276,522
Total ................................. $ 6,878,069 $ 610,344 $ 8,668,667 $ 11,144,340 $ 11,309,381
Michael A. Miles
Cash Severance Payment . . . . . . . . . . . . . . . $ 0 $ 0 $ 1,633,199 $ 2,177,599 $ 0
Value of Accelerated Vesting of Equity
Compensation ...................... $ 0 $ 0 $ 0 $ 7,263,052 $ 5,596,702
SERP Lump Sum Value Payout . . . . . . . . . $ 156,125 $ 97,813 $ 156,125 $ 195,001 $ 195,001
Continuation of Benefits ............... $ 0 $ 0 $ 14,436 $ 19,632 $ 0
Life Insurance Payout.................. $ 0 $ 0 $ 0 $ 0 $ 1,500,000
Survivor Death Benefit Payout.......... $ 0 $ 0 $ 0 $ 0 $ 2,276,851
Total ................................. $ 156,125 $ 97,813 $ 1,803,760 $ 9,655,284 $ 9,568,554
Joseph G. Doody
Cash Severance Payment . . . . . . . . . . . . . . . $ 0 $ 0 $ 794,928 $ 1,192,392 $ 0
Value of Accelerated Vesting of Equity
Compensation ...................... $ 0 $ 0 $ 0 $ 3,504,525 $ 2,528,520
SERP Lump Sum Value Payout . . . . . . . . . $ 2,680,370 $ 2,537,731 $ 2,680,370 $ 2,680,370 $ 2,680,370
Continuation of Benefits ............... $ 0 $ 0 $ 47,323 $ 71,075 $ 0
Life Insurance Payout.................. $ 0 $ 0 $ 0 $ 0 $ 1,512,999
Survivor Death Benefit Payout.......... $ 0 $ 0 $ 0 $ 0 $ 1,613,867
Total ................................. $ 2,680,370 $ 2,537,731 $ 3,522,621 $ 7,448,362 $ 8,335,756
Demos Parneros
Cash Severance Payment . . . . . . . . . . . . . . . $ 0 $ 0 $ 803,478 $ 1,205,216 $ 0
Value of Accelerated Vesting of Equity
Compensation ...................... $ 0 $ 0 $ 0 $ 3,504,550 $ 2,528,545
SERP Lump Sum Value Payout . . . . . . . . . $ 337,179 $ 206,050 $ 337,179 $ 337,179 $ 337,179
Continuation of Benefits ............... $ 0 $ 0 $ 25,490 $ 38,335 $ 0
Life Insurance Payout.................. $ 0 $ 0 $ 0 $ 0 $ 1,501,137
Survivor Death Benefit Payout.......... $ 0 $ 0 $ 0 $ 0 $ 1,601,212
Total ................................. $ 337,179 $ 206,050 $ 1,166,147 $ 5,085,280 $ 5,968,073
Retirement or Resignation
If a named executive officer who satisfies the conditions of our rule of 65 retires or resigns, all restricted stock
and stock option awards granted to such named executive officer after June 30, 2004 will vest in full. Under our rule of
65, performance share awards held by such named executive officer will not be accelerated upon his retirement or
resignation and the share payout, if any, will be based on actual results and occur at the end of the performance period
as if he had been employed on such date. A named executive officer who satisfies the conditions of our rule of 65 may
exercise any vested options within 3 years of his retirement or resignation. Our rule of 65 is described under the
caption “Accelerated Vesting of Awards” following the Grants of Plan-Based Awards for 2006 Fiscal Year table
earlier in this proxy statement. Only Mr. Mahoney has met the age and service requirements under our rule of 65. The