Staples 2015 Annual Report Download - page 59
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EXECUTIVE COMPENSATION AND COMPENSATION DISCUSSION AND ANALYSIS
www.staplesannualmeeting.com STAPLES 55
Fiscal 2015 Termination Scenarios
Retirement or
Resignation Termination
for Cause
Termination
Without
Cause
Resignation
for Good
Reason
Termination
Following
Change-
in-
Control
Change-
in-
Control Only Death or
Disability
Ronald L. Sargent *
Cash Severance Payment $0 $0 $4,201,461 $4,201,461 $6,302,192 $0 $0
Value of Accelerated Vesting of
Incentive Compensation $0 $0 $0 $0 $5,717,105 $0 $5,083,669
Continuation of Benefits $14,550 $14,550 $422,650 $422,650 $627,942 $0 $945,180
Survivor Death Benefit Payout $0 $0 $0 $0 $0 $0 $8,119,852 (1)
Total $14,550 $14,550 $4,624,111 $4,624,111 $12,647,239 $0 $14,148,701
Christine T. Komola *
Cash Severance Payment $0 $0 $918,721 $918,721 $1,378,081 $0 $0
Value of Accelerated Vesting of
Incentive Compensation $0 $0 $0 $0 $1,507,721 $0 $1,340,678
Continuation of Benefits $0 $0 $28,599 $28,599 $42,898 $0 $0
Survivor Death Benefit Payout $0 $0 $0 $0 $0 $0 $3,185,000 (1)
Total $0 $0 $947,320 $947,320 $2,928,700 $0 $4,525,678
Joseph G. Doody *
Cash Severance Payment $0 $0 $960,721 $960,721 $1,441,081 $0 $0
Value of Accelerated Vesting of
Incentive Compensation $0 $0 $0 $0 $1,507,721 $0 $1,340,678
Continuation of Benefits $9,142 $9,142 $107,201 $107,201 $156,547 $0 $0
Survivor Death Benefit Payout $0 $0 $0 $0 $0 $0 $3,177,693 (1)
Total $9,142 $9,142 $1,067,922 $1,067,922 $3,105,349 $0 $4,518,371
Demos Parneros * (2)
Cash Severance Payment $0 $0 $986,932 $986,932 $1,480,398 $0 $0
Value of Accelerated Vesting of
Incentive Compensation $0 $0 $0 $0 $1,507,721 $0 $1,340,678
Continuation of Benefits $0 $0 $71,048 $71,048 $106,966 $0 $0
Survivor Death Benefit Payout $0 $0 $0 $0 $0 $0 $3,271,154 (1)
Total $0 $0 $1,057,980 $1,057,980 $3,095,085 $0 $4,611,832
John Wilson *
Cash Severance Payment $0 $0 $1,069,564 $1,069,564 $1,604,346 $0 $0
Value of Accelerated Vesting of
Incentive Compensation $0 $0 $0 $0 $1,507,721 $0 $1,340,678
Continuation of Benefits $0 $0 $20,009 $20,009 $30,565 $0 $0
Survivor Death Benefit Payout $0 $0 $0 $0 $0 $0 $3,191,370 (1)
Total $0 $0 $1,089,573 $1,089,573 $3,142,632 $0 $4,532,048
(1) Includes one year payout at target under the Amended and Restated Executive Officer Incentive Plan in addition to any
Survivor Death Benefit Payout.
(2) Mr. Parneros left Staples on March 31, 2016, and received (or will receive) under his severance agreement (i) a cash
severance payment in the amount of $986,932, which represents the continuation of salary and bonus for 12 months, and
(ii) continuation of benefits in the amount of $71,048, which represents health, dental, vision and life insurance coverage for
the severance period.
* Payouts subject to 409A regulations.