Sunoco 2014 Annual Report Download - page 135
Download and view the complete annual report
Please find page 135 of the 2014 Sunoco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
 |
 |
133
only Mr. Chalson was a participant in Partnership-paid benefit level of the ELTD. No NEO was a
participant in the employee-paid benefit level. These benefits are fully insured, and there is no cost
to the Partnership upon disability. The cost to the Partnership is the premium payments made on the
executive's behalf.
• LTIP: Under the LTIP all unvested performance-based restricted units would continue to vest, and along with
the accompanying DERs, will pay out at the end of the respective performance periods if the applicable
performance measures are met. Unless specified otherwise in the applicable award agreement (for instance,
providing for immediate vesting), all unvested time-based restricted units will be paid out as awarded in the
event of permanent disability.
Except for Mr. Salinas (as explained above), the tables on the following pages reflect the estimated potential
compensation and benefits for the NEOs under various scenarios involving a termination of employment. These amounts are
estimates of the amounts that would be paid to the NEOs and the actual amounts paid can only be determined at the time of an
NEO's termination of employment. These estimates are based on the following assumptions:
• the applicable provisions in the agreements and arrangements governing the NEOs' benefits and
payment which are summarized in the section entitled "Other Potential Post-Employment
Payments";
• the triggering event occurred on December 31, 2014;
• the transaction price per Partnership unit is $41.78, which was the price at the close on
December 31, 2014;
• pension lump-sum values are based on applicable segment interest rates under the Pension
Protection Act of 2006;
• health and welfare benefits are included, where applicable, at the estimated value of the continuation
of these benefits; and
• each NEO has exhausted all available vacation benefits as of December 31, 2014.