Western Union 2014 Annual Report Download - page 69

51 | The Western Union Company – Proxy Statement
NOTICE OF 2015 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
Compensation Discussion and Analysis PROXY STATEMENT
The following table sets forth each named executive officer’s threshold, target and maximum award opportunity with
respect to the 2014 Financial PSUs:
2014 Financial PSU Award Opportunity
Executive Threshold Target Maximum
Hikmet Ersek 112,571 225,141 337,712
Rajesh K. Agrawal 24,391 48,781 73,172
Odilon Almeida 22,515 45,029 67,544
J. David Thompson 22,515 45,029 67,544
John R. Dye 18,762 37,524 56,286
TSR PSUs. As noted above, in 2014, the Company
introduced a standalone TSR PSU award in order to
enhance focus on stockholder returns. These TSR PSUs
require the Company to achieve 60th percentile relative
TSR performance versus the S&P 500 Index over a three-
year performance period in order to earn target payout,
with 30th percentile relative TSR performance resulting in
threshold payout and 90th percentile relative TSR resulting
in maximum payout.
The following table sets forth each named executive
officer’s threshold, target and maximum award
opportunities with respect to the 2014 TSR PSUs:
2014 TSR PSU Award Opportunity
Executive Threshold Target Maximum
Hikmet Ersek 47,886 95,771 143,657
Rajesh K. Agrawal 10,376 20,751 31,127
Odilon Almeida 9,578 19,155 28,733
J. David Thompson 9,578 19,155 28,733
John R. Dye 7,981 15,962 23,943
Other Elements of Compensation
To remain competitive with other employers and to attract, retain, and motivate highly talented executives and other
employees, we provide the benefits listed in the following table to our United States-based employees:
Benefit or Perquisite
Named
Executive
Officers
Other
Officers
and Key
Employees
All Full-time
and Regular
Part-time
Employees
401(k) Plan X X X
Supplemental Incentive Savings Plan
(a nonqualified defined contribution plan) X X
Severance and Change-in-Control Benefits X X
Health and Welfare Benefits X X X
Limited Perquisites X X
Severance and Change-in-Control Benefits. Western
Union has an executive severance policy for our executive
officers. The policy helps accomplish Western Union’s
compensation philosophy of attracting and retaining
exemplary talent. The committee believes it appropriate
to provide executives with the rewards and protections
afforded by the Executive Severance Policy. The policy
reduces the need to negotiate individual severance