Starwood 2009 Annual Report Download - page 53

C. Estimated Payments Upon Termination
The tables below reflect the estimated amounts payable to the Named Executive Officers in the event their
employment with the Company had terminated on December 31, 2009 under various circumstances, and includes
amounts earned through that date. The actual amounts that would become payable in the event of an actual
employment termination can only be determined at the time of such termination.
1. Involuntary Termination without Cause or Voluntary Termination for Good Reason
The following table discloses the amounts that would have become payable on account of an involuntary
termination without cause or a voluntary termination for good reason outside of the change in control context.
Name
Severance
Pay
($)
Medical
Benefits
($)
Vesting of
Restricted Stock
($)
Vesting of
Stock Options
($)
Total
($)
van Paasschen ............. 8,000,000 0 934,656 0 8,934,656
Avril(1) .................. 725,000 10,457 1,635,337 0 2,370,794
Prabhu .................. 640,658 10,023 7,001,627 0 7,652,308
Siegel(1) ................. 1,230,078 19,699 0 0 1,249,777
Turner................... 625,000 9,953 0 0 634,953
(1) Messrs. Siegel and Avril’s employment agreements provide for payments in the event of involuntary termi-
nation other than for cause but do not provide for payments in the event of voluntary termination for good
reason.
2. Termination on Account of Death or Disability
The following table discloses the amounts that would have become payable on account of a termination on
account of death or disability.
Name
Severance
Pay
($)
Medical
Benefits
($)
Vesting of
Restricted
Stock
($)
Vesting of
Stock
Options
($)
Total
($)
van Paasschen .................. 2,000,000 0 33,135,043 0 35,135,043
Avril .......................... 725,000 10,457 12,017,555 0 12,753,012
Prabhu ........................ 640,658 10,023 14,003,254 0 14,653,935
Siegel ......................... 1,230,078 19,699 13,885,817 0 15,135,594
Turner ........................ 625,000 9,953 14,300,584 0 14,935,537
3. Change in Control
The following table discloses the amounts that would have become payable on account of an involuntary
termination without cause following a change in control or a voluntary termination with good reason following a
change in control.
Name
Severance
Pay
($)
Medical
Benefits
($)
Vesting of
Restricted
Stock
($)
Vesting of
Stock
Options
($)
Outplacement
($)
401(k)
Payment
($)
Tax
Gross-Up
($)
Total
($)
van Paasschen(1) ......... 8,000,000 21,939 33,135,043 0 0 0 7,033,949 48,190,931
Avril.................. 3,309,868 20,914 12,017,555 0 145,000 0 n/a 15,493,337
Prabhu ................ 3,304,994 20,046 14,003,254 0 128,132 0 0 17,456,426
Siegel ................. 2,964,489 39,398 13,885,817 0 123,008 0 0 17,012,712
Turner ................ 3,125,000 19,905 14,300,584 0 125,000 0 n/a 17,570,489
(1) If the amount of severance pay and other benefits payable on change in control is greater than three times certain
base period taxable compensation for Mr. van Paasschen, a 20% excise tax is imposed on the excess amount of
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