Starwood 2011 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
($)
van Paasschen ........... 10,000,000 — — — 10,000,000
Avril(3) ................. 751,750 10,070 266,473 — 1,028,293
Prabhu ................. 751,750 10,070 5,443,396 2,689,526 8,894,742
Siegel(3) ................ 1,276,980 9,524 — — 1,286,504
Turner ................. 750,020 9,524 — — 759,544
(1) Includes values for holdings of restricted stock and restricted stock units. With respect to Mr. Prabhu,
includes vested but deferred restricted stock units in accordance with the Executive Plan.
(2) Excludes vested stock options.
(3) Messrs. Siegel and Avril’s employment agreements provide for payments in the event of involuntary
termination other than for cause but do not provide for payments in the event of voluntary termination for
good reason.
2. Termination on Account of Death or Disability
The following table discloses the amounts that would have become payable on account of a termination on
account of death or disability.
Name
Severance
Pay
($)
Medical
Benefits
($)
Vesting of
Restricted
Stock
($)(1)
Vesting of
Stock
Options
($)(2)
Total
($)
van Paasschen(3) ............ 2,500,000 — 9,474,075 33,646,640 45,620,715
Avril ....................... 751,750 10,070 3,818,172 6,263,876 10,843,868
Prabhu ..................... 751,750 10,070 10,599,595 5,498,393 16,859,808
Siegel ...................... 1,276,980 9,524 2,160,665 8,888,264 12,335,433
Turner ..................... 750,020 9,524 2,221,443 15,631,603 18,612,590
(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 $632,729 of Mr. van Paasschen’s nonqualified deferred compensation that is payable upon death,
disability or certain changes in control as discussed in the 2011 Nonqualified Deferred Compensation
section beginning on page 42.
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