Starwood 2010 Annual Report Download - page 56
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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
($)(1)
Vesting of
Stock Options
($)(2)
Total
($)
van Paasschen ........... 10,000,000 — — — 10,000,000
Avril(3) ................ 751,750 11,448 1,980,273 135,264 2,878,735
Prabhu ................ 751,750 11,220 7,628,802 5,876,625 14,268,397
Siegel(3)................ 1,276,980 11,075 — — 1,288,055
Turner ................. 648,750 11,101 — — 659,851
(1) Includes values for holdings of restricted stock and restricted stock units. With respect to Mr. Prabhu, includes
vested but deferred restricted stock units in accordance with the Executive Plan.
(2) Excludes vested stock options.
(3) Messrs. Siegel and Avril’s employment agreements provide for payments in the event of involuntary termi-
nation other than for cause but do not provide for payments in the event of voluntary termination for good
reason.
2. Termination on Account of Death or Disability
The following table discloses the amounts that would have become payable on account of a termination on
account of death or disability.
Name
Severance
Pay
($)
Medical
Benefits
($)
Vesting of
Restricted
Stock
($)(1)
Vesting of
Stock
Options
($)(2)
Total
($)
van Paasschen(3)............. 2,500,000 — 12,654,882 47,582,156 62,737,038
Avril ...................... 751,750 11,448 8,154,609 13,074,622 21,992,429
Prabhu .................... 751,750 11,220 14,390,637 13,685,101 28,838,708
Siegel ..................... 1,276,980 11,075 3,617,869 12,668,152 17,574,076
Turner..................... 648,750 11,101 2,099,706 23,721,172 26,480,729
(1) Includes values for holdings of restricted stock and restricted stock units. Includes vested but deferred restricted
stock units in accordance with the Executive Plan.
(2) Includes vested stock options. Vested stock options could be subject to loss by the Named Executive Officers in
the event of a termination for cause and certain other events but could not in the event of termination on account
of death or disability.
(3) Excludes $585,376 of Mr. van Paasschen’s nonqualified deferred compensation that is payable upon death,
disability or certain changes in control as discussed in the Nonqualified Deferred Compensation section
beginning on page 40.
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