Western Union 2014 Annual Report Download - page 89

71 | The Western Union Company – Proxy Statement
NOTICE OF 2015 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
Executive Compensation PROXY STATEMENT
Event
Unvested
Stock Options
Unvested
Restricted Stock
Performance-Based
Restricted Stock Units
Change-in-Control
and Termination for
Eligible Reason within
24-month Period
Accelerate Accelerate Accelerated vesting and
award is payable to the
extent earned based on
actual performance results.
Change-in-Control
(No Termination)
Vesting continues under
normal terms.
Vesting continues under
normal terms.
Vesting continues under
normal terms.
Involuntary Termination
(Not for Cause prior to
a Change-in-Control or
after the 24-month Period
following a Change-in-
Control)
Prorated vesting by
grant based on ratio of days
since grant to total days in
vesting period.
Prorated vesting by grant
based on ratio of days
since grant to total days in
vesting period.
Prorated vesting by
grant based on actual
performance results and
ratio of days since grant to
total days in vesting period.
Effective for grants in 2012
and later, if termination
occurs prior to the one
year anniversary of the
grant date, the awards are
forfeited.
Death or Disability Accelerate Accelerate Accelerated vesting and
award is payable to the
extent earned based on
actual performance results.
Retirement Effective for grants on
January 31, 2011 and later,
prorated vesting by grant
based on ratio of days
since grant to total days
in vesting period, with an
exercise period equal to the
earlier of (i) two years post-
termination (three years, in
the case of the CEO) and
(ii) the expiration date.
Grants made prior to
January 31, 2011 may be
exercised until four years
after the termination
date or, if earlier until the
expiration date.
Prorated vesting by grant
based on ratio of days
since grant to total days in
vesting period.
Prorated vesting by grant
based on actual
performance
results and ratio of days
since grant to total days in
vesting period.