Starwood 2015 Annual Report Download - page 38

Table of Contents
On October 22, 2013, we established the Starwood Savings Restoration Plan (or Restoration Plan) for the benefit of certain eligible employees, including our
named executive officers. Under the Restoration Plan, we will make contributions to participants who, for each calendar year beginning on or after January 1, 2013
(1) are credited with certain performance share or unit awards under our LTIP and (2) make the maximum elective deferrals permitted under the Savings Plan for
the year for which the contribution is being made. The vested balance in a participant’s account generally will be distributed in the form of a single cash payment
(subject to any applicable tax and other withholding) during a two-month period beginning on a designated payment date.
Name Plan Name
Executive
Contributions
in Last FY
($) (1)
Registrant
Contributions
in Last FY
($) (1)
Aggregate
Earnings
in Last FY
($)
Aggregate
Withdrawals/
Distributions
($)
Aggregate
Balance
at Last FYE
($) (2)
Mangas Deferred Plan 98,000 — (2,110) — 95,890
Restoration Plan — — — — —
Poulter Deferred Plan — — — — —
Restoration Plan — — — — —
Rivera Deferred Plan — — — — —
Restoration Plan — 49,184 2,730 — 99,162
Schnaid Deferred Plan — — — — —
Restoration Plan — 20,501 580 — 21,081
Turner Deferred Plan — — — — —
Restoration Plan — 52,024 2,898 — 105,280
Aron Deferred Plan — — — — —
Restoration Plan — — — — —
van Paasschen Deferred Plan — — (25,945) — 1,302,219
Restoration Plan — — 3,190 — 115,898
(1) Thisamountisincludedinthe2015 Summary Compensation Table aboveinthisreport.
(2) The following amounts reported in this column were previously reported in Summary Compensation Tables for prior fiscal years: Mr. Mangas, $0 (Deferred Plan);
Mr.Rivera,$45,683(RestorationPlan);Mr.Schnaid,$0(RestorationPlan);Mr.Turner,$48,689(RestorationPlan);andMr.vanPaasschen,$1,075,000(DeferredPlan)
and$108,973(RestorationPlan).
Under the Deferred Plan, deferral elections are made in December for base salary paid in pay periods beginning in the following calendar year. Deferral elections
are made in June under the Deferred Plan, for annual incentive awards that are earned for performance in that calendar year but paid in the beginning of the
following year. Deferral elections are irrevocable.
Elections as to the time and form of payment are made at the same time as the corresponding deferral election. A participant may elect to receive payment on
February 1 of a calendar year while still employed or either six or twelve months following employment termination. Payment is made immediately in the event a
participant terminates employment on account of death. A participant may elect to receive payment of his or her account balance in either a lump sum or in annual
installments, so long as the account balance exceeds $50,000; otherwise payment is made in a lump sum.
If a participant elects an in-service distribution, the participant may change the scheduled distribution date or form of payment so long as the change is made at
least 12 months in advance of the scheduled distribution date.
Any such change must provide that distribution will commence at least five years later than the scheduled distribution date. If a participant elects to receive a
distribution upon employment termination, that election and the corresponding form of payment election are irrevocable. Withdrawals for hardship that result from
an unforeseeable emergency are available, but no other unscheduled withdrawals are permitted.
36