Western Union 2014 Annual Report Download - page 77

Executive Compensation PROXY STATEMENT
59 | The Western Union Company – Proxy Statement
NOTICE OF 2015 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
(5) For 2014, Mr. Ersek’s salary is denominated in United States dollars but is paid to or on behalf of Mr. Ersek in
euros, based on a conversion rate that was determined each calendar quarter. Contributions made to the Austrian
retirement plan on behalf of Mr. Ersek are denominated in euros and converted to United States dollars for disclosure
in the proxy. The conversion rates 0.72775, 0.71870, 0.73855, and 0.77381 were applied for quarters one, two,
three and four, respectively.
(6) For 2014, the committee awarded Mr. Ersek a discretionary bonus of $115,000 in recognition of his leadership in
enhancing the Company’s global compliance programs.
(7) Includes $18,400 and $16,800 in medical premiums inadvertently not reported in 2013 and 2012, respectively.
(8) Mr. Agrawal’s bonus includes a cash bonus of $80,000 received by Mr. Agrawal in connection with his promotion
to the position of Executive Vice President and Chief Financial Officer, and a discretionary cash bonus of $13,400 in
recognition of his performance during 2014.
(9) Mr. Almeida’s bonus includes the final installment of a salary supplement paid pursuant to the terms of Mr. Almeida’s
offer of employment. Mr. Almeida was eligible to receive a $150,000 salary supplement payable in each of 2013 and
2014, subject to Mr. Almeida’s continued employment through the respective payment dates. Mr. Almeida’s bonus
also includes a discretionary bonus of $43,200 in recognition of his performance during 2014.
(10) Mr. Thompson’s bonus represents a discretionary bonus of $9,000 in recognition of his performance during 2014.
(11) Mr. Dye’s bonus includes the final installment of his sign on bonus payable pursuant to the terms of Mr. Dye’s offer
of employment. Mr. Dye was 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. Mr. Dye’s bonus
also includes a discretionary bonus of $8,000 in recognition of his performance during 2014.
2014 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 31.2 7.4 74.9 20.4 133.9
Rajesh K. Agrawal 546.8(4) 92.4 35.0 0.6 674.8
Odilon Almeida 81.3(5) 55.0 47.8 1.4 185.5
J. David Thompson 2.2 — 34.4 13.8 50.4
John R. Dye — — 10.4 1.3 11.7
Footnotes:
(1) Amounts in this column include the incremental cost or valuation of executive security costs and personal jet usage
for Mr. Ersek, relocation expenses for Messrs. Agrawal (as described in Footnote 4 to this table) and Almeida (as
described in Footnote 5 to this table), sporting event tickets for each of the named executive officers other than
Mr. Dye, car service/allowances for Mr. Ersek, an annual physical examination, including travel expenses, for certain
named executive officers and family visa services for Messrs. Ersek and Almeida.
(2) Amounts in this column include tax gross-ups for Messrs. Ersek and Almeida for family visa services and Messrs. Agrawal
and Almeida for relocation expenses. These benefits are generally available to employees asked to relocate as part of
the Company’s relocation and immigration programs.
(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.