Western Union 2014 Annual Report Download - page 87

69 | The Western Union Company – Proxy Statement
NOTICE OF 2015 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
Executive Compensation PROXY STATEMENT
The provision of severance benefits under the Executive
Severance Policy is conditioned upon the executive
executing an agreement and release which includes,
among other things, non-competition and non-solicitation
restrictive covenants as well as a release of claims against
the Company. These restrictive covenants vary in duration,
but generally do not exceed two years.
For the named executive officers, we have quantified
the potential payments upon termination under various
termination circumstances in the tables set forth below.
While the terms of our equity awards include retirement-
vesting provisions, none of our current named executive
officers are retirement eligible.
Payments Upon Termination or Change-in-Control Tables
TERMINATION FOLLOWING A CHANGE-IN-CONTROL(1)
Long-Term Incentives(5)
Name
Severance
($000)(2)
Welfare
Benefits
($000)(3)
Performance
Cash
($000)
Stock
Options
($000)
Shares
($000)
Gross-Up
($000)(4)
Total
($000)
Hikmet Ersek 6,500.0 25.3 —2,426.1 5,926.8 7,080.0 21,958.2
Rajesh K. Agrawal 2,536.9 22.4 —530.5 1,858.1 —4,947.9
Odilon Almeida 2,820.0 22.4 —343.9 1,713.3 —4,899.6
J. David Thompson 2,350.0 22.3 —479.6 2,104.6 —4,956.5
John R. Dye 2,200.0 14.6 —400.9 1,131.0 —3,746.5
INVOLUNTARY TERMINATION OTHER THAN FOR DEATH, DISABILITY, OR CAUSE
Long-Term Incentives(5)
Name
Severance
($000)(2)
Welfare
Benefits
($000)(3)
Performance
Cash
($000)
Stock
Options
($000)
Shares
($000)
Gross-Up
($000)(4)
Total
($000)
Hikmet Ersek 6,500.0 25.3 —984.3 3,794.2 —11,303.8
Rajesh K. Agrawal 2,014.4 22.4 —219.8 925.2 —3,181.8
Odilon Almeida 2,250.0 22.4 —130.8 889.1 —3,292.3
J. David Thompson 1,875.0 22.3 —193.7 832.8 —2,923.8
John R. Dye 1,750.0 14.6 —162.3 669.8 —2,596.7
DEATH OR DISABILITY
Long-Term Incentives(5)
Name
Severance
($000)(2)
Welfare
Benefits
($000)(3)
Performance
Cash
($000)
Stock
Options
($000)
Shares
($000)
Gross-Up
($000)(4)
Total
($000)
Hikmet Ersek — — — 2,426.15,926.8 —8,352.9
Rajesh K. Agrawal — — — 530.5 1,858.1 —2,388.6
Odilon Almeida — — — 343.9 1,713.3 —2,057.2
J. David Thompson — — — 479.6 2,104.6 —2,584.2
John R. Dye — — — 400.9 1,131.0 —1,531.9