Western Union 2013 Annual Report Download - page 76

Executive Compensation PROXY STATEMENT
The Western Union Company – Proxy Statement | 58
NOTICE OF 2014 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
(5) For 2013, Mr. Ersek’s salary and retirement plan contributions were denominated in United States dollars but were
paid to or on behalf of Mr. Ersek in euros, based on a conversion rate that was determined each calendar quarter.
The conversion rates 0.76482, 0.77130, 0.74954, and 0.75228 were applied for quarters one, two, three and
four, respectively.
(6) Mr. Dye’s bonus represents a discretionary bonus of $100,000 with respect to 2013 performance and for retention
purposes, and a sign on bonus of $200,000 payable pursuant to the terms of Mr. Dye’s offer of employment.
Mr. Dye is eligible to receive a $600,000 bonus, payable in three equal annual installments commencing six-months
after Mr. Dye’s employment commencement date of November 30, 2011.
2013 All Other Compensation Table
Name
Perquisites
& Other
Personal
Benefits
($000)(1)
Tax
Reimbursements
($000)(2)
Company
Contributions
to Defined
Contribution
Plans
($000)(3)
Insurance
Premiums
($000)
Total
($000)
Hikmet Ersek 51.4(4) — 71.1 — 122.5
Scott T. Scheirman 11.6 — 35.3 1.5 48.4
Rajesh K. Agrawal 1,005.9(5) 201.5 22.2 0.6 1,230.2
J. David Thompson 14.6 2.4 30.6 13.8 61.4
John R. Dye 3.0 6.1 10.2 1.2 20.5
Footnotes:
(1) Amounts in this column include the incremental cost or valuation of executive security costs for Mr. Ersek (as
described in Footnote 4 to this table), relocation expenses for Messrs. Agrawal (as described in Footnote 5 to this
table), Thompson and Dye, sporting event tickets for each of the named executive officers, car service/allowances for
Messrs. Ersek and Agrawal, an annual physical examination, including travel expenses, for certain named executive
officers and family visa services for Mr. Ersek.
(2) Amounts in this column include tax gross-ups for Messrs. Agrawal, Thompson and Dye, respectively, for
relocation expenses.
(3) Amounts shown in this column represent contributions made by the Company on behalf of each of the named
executive officers, except for Mr. Ersek, to the Company’s Incentive Savings Plan and/or the Supplemental Incentive
Savings Plan, and contributions made by the Company on behalf of Mr. Ersek to the Company’s defined contribution
plan in Austria, the Victoria Volksbanken Pensionskassen AG.
(4) This amount includes approximately $31,300 representing the cost provided by an outside security provider for
hardware and monitoring services. A portion of these costs are attributable to a one time security assessment and
hardware installations. These expenses were valued on the basis of the aggregate incremental cost to the Company
and represent the amount paid to the service provider.
(5) This amount includes approximately $1,002,400 paid to or on behalf of Mr. Agrawal in connection with his relocation
from Colorado to the United Kingdom, including foreign tax equalization payments ($657,900), United States
tax payments ($28,000), a housing allowance ($269,300), a mobility premium ($33,800), home leave allowance
($62,600), a cost of living allowance ($64,200) and a dependent education allowance. These relocation expenses
were valued on the basis of the aggregate incremental cost to the Company and represent the amount accrued for
payment or paid to the service provider or Mr. Agrawal, as applicable.