Staples 2007 Annual Report Download - page 64

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only be determined at the time of an actual termination of employment and would vary from those listed below. The
estimated amounts listed below are in addition to any retirement, welfare and other benefits that are available to
associates generally.
Fiscal 2007 Termination and Change-in-Control Scenarios
Termination
Retirement or Termination for Termination Resignation for Following Change- Change-
Resignation Cause Without Cause Good Reason in-Control in-Control Only Death or Disability
Ronald L. Sargent
Cash Severance
Payment ....... $ 0 $ 0 $5,280,155 $5,280,155 $ 7,920,233 $ 0 $ 0
Value of Accelerated
Vesting of Equity
Compensation .... $ 0 $ 0 $13,799,979 $ 0 $26,157,191 $12,688,293 $26,157,191
SERP Lump Sum
Value Payout .... $2,800,230 $2,800,230 $ 2,800,230 $2,800,230 $ 2,800,230 $ 0 $ 2,800,230
Continuation of
Benefits ........ $ 0 $ 0 $ 259,453 $ 259,453 $ 390,475 $ 0 $ 630,418
Life Insurance Payout . $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Survivor Death
Benefit Payout . . . $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 5,004,000
Excise and 409A Tax
(Grossed-up) .... $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Total ........... $2,800,230 $2,800,230 $22,139,817 $8,339,838 $37,268,129 $12,688,293 $34,591,839
Termination
Without Cause or Termination
Retirement or Termination for Resignation for Following Change- Change-
Resignation Cause Good Reason in-Control in-Control Only Death or Disability
John J. Mahoney
Cash Severance Payment ....... $ 0 $ 0 $1,766,279 $2,355,039 $ 0 $ 0
Value of Accelerated Vesting of
Equity Compensation ........ $3,962,228 $ 0 $3,962,228 $3,962,228 $2,663,288 $3,962,228
SERP Lump Sum Value Payout . . . $1,007,773 $1,007,773 $1,007,773 $1,007,773 $ 0 $1,007,773
Continuation of Benefits ....... $ 10,254 $ 10,254 $ 126,768 $ 166,112 $ 0 $ 0
Life Insurance Payout ......... $ 0 $ 0 $ 0 $ 0 $ 0 $2,020,200
Survivor Death Benefit Payout . . . $ 0 $ 0 $ 0 $ 0 $ 0 $2,356,900
Total .................... $4,980,255 $1,018,027 $6,863,048 $7,491,152 $2,663,288 $9,347,101
Michael A. Miles, Jr.
Cash Severance Payment ....... $ 0 $ 0 $1,742,397 $2,323,197 $ 0 $ 0
Value of Accelerated Vesting of
Equity Compensation ........ $ 0 $ 0 $ 0 $4,879,078 $2,710,587 $4,879,078
SERP Lump Sum Value Payout . . . $ 296,137 $ 296,137 $ 296,137 $ 296,137 $ 0 $ 305,930
Continuation of Benefits ....... $ 0 $ 0 $ 15,478 $ 21,144 $ 0 $ 0
Life Insurance Payout ......... $ 0 $ 0 $ 0 $ 0 $ 0 $1,500,000
Survivor Death Benefit Payout . . . $ 0 $ 0 $ 0 $ 0 $ 0 $2,356,900
Total .................... $ 296,137 $ 296,137 $2,054,012 $7,519,556 $2,710,587 $9,041,908
Joseph G. Doody
Cash Severance Payment ....... $ 0 $ 0 $ 885,803 $1,328,705 $ 0 $ 0
Value of Accelerated Vesting of
Equity Compensation ........ $ 0 $ 0 $ 0 $2,692,720 $1,551,850 $2,692,720
SERP Lump Sum Value Payout . . . $3,165,986 $3,165,986 $3,165,986 $3,165,986 $ 0 $3,165,986
Continuation of Benefits ....... $ 0 $ 0 $ 51,684 $ 77,673 $ 0 $ 0
Life Insurance Payout ......... $ 0 $ 0 $ 0 $ 0 $ 0 $1,567,200
Survivor Death Benefit Payout . . . $ 0 $ 0 $ 0 $ 0 $ 0 $1,671,680
Total .................... $3,165,986 $3,165,986 $4,103,473 $7,265,084 $1,551,850 $9,097,586
Demos Parneros
Cash Severance Payment ....... $ 0 $ 0 $ 823,934 $1,235,901 $ 0 $ 0
Value of Accelerated Vesting of
Equity Compensation ........ $ 0 $ 0 $ 0 $2,692,720 $1,551,850 $2,692,720
SERP Lump Sum Value Payout . . . $ 434,265 $ 434,265 $ 434,265 $ 434,265 $ 0 $ 434,265
Continuation of Benefits ....... $ 0 $ 0 $ 26,097 $ 39,377 $ 0 $ 0
Life Insurance Payout ......... $ 0 $ 0 $ 0 $ 0 $ 0 $1,567,200
Survivor Death Benefit Payout . . . $ 0 $ 0 $ 0 $ 0 $ 0 $1,671,680
Total .................... $ 434,265 $ 434,265 $1,284,296 $4,402,263 $1,551,850 $6,365,865
54