Western Union 2015 Annual Report Download - page 80

NOTICE OF 2016 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
62 | The Western Union Company
EXECUTIVE COMPENSATION
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)
STOCK
OPTIONS
($000) PSUs ($000) RSUs ($000) GROSS-UP ($000)(4) TOTAL ($000)
Hikmet Ersek 6,500.0 33.0 1,664.4 13,638.1 200.0 10,867.1 32,902.6
Rajesh K. Agrawal 2,662.6 22.3 358.0 3,116.9 442.7 —6,602.5
Odilon Almeida 2,876.4 22.4 238.9 2,457.5 748.5 —6,343.7
J. David Thompson 2,538.0 22.3 329.4 2,731.3 532.7 —6,153.7
INVOLUNTARY TERMINATION OTHER THAN FOR DEATH, DISABILITY, OR CAUSE
LONG-TERM INCENTIVES(5)
NAME SEVERANCE ($000)(2)
WELFARE
BENEFITS
($000)(3)
STOCK
OPTIONS
($000) PSUs ($000) RSUs ($000) TOTAL ($000)
Hikmet Ersek 6,500.0 33.0 1,081.3 6,724.9 186.0 14,525.2
Rajesh K. Agrawal 2,124.4 22.3 232.4 1,460.8 192.3 4,032.2
Odilon Almeida 2,295.0 22.4 148.9 1,087.4 524.3 4,078.0
J. David Thompson 2,025.0 22.3 213.5 1,348.5 288.9 3,898.2
DEATH OR DISABILITY
LONG-TERM INCENTIVES(5)
NAME SEVERANCE ($000)(2)
WELFARE
BENEFITS
($000)(3)
STOCK
OPTIONS
($000) PSUs ($000) RSUs ($000) TOTAL ($000)
Hikmet Ersek — — 1,664.4 13,638.1 200.0 15,502.5
Rajesh K. Agrawal — — 358.0 3,116.9 442.7 3,917.6
Odilon Almeida — — 238.9 2,457.5 748.5 3,444.9
J. David Thompson — — 329.4 2,731.3 532.7 3,593.4
RETIREMENT(6)
LONG-TERM INCENTIVES(5)
NAME SEVERANCE ($000)(2)
WELFARE
BENEFITS
($000)(3)
STOCK
OPTIONS
($000) PSUs ($000) RSUs ($000) TOTAL ($000)
Hikmet Ersek — — 1,081.3 8,087.6 186.0 9,354.9
Footnotes:
(1) Under the Executive Severance Policy, following a change-in-control, an eligible executive will become entitled to severance benefits if he or
she is involuntarily terminated by the Company other than on account of death, disability or for cause or terminates his or her own employment
voluntarily for good reason within 24 months after the date of the change-in-control.
(2) In accordance with the Executive Severance Policy, amounts in this column represent severance payments equal to the named executive
officer’s target bonus for 2015 plus 1.5 times (two times in the case of the Chief Executive Officer and in the case of all senior executives who
terminate for an eligible reason within 24 months following a change-in-control) the sum of the named executive officer’s base salary and
target bonus.
(3) Amounts in this column represent a lump sum cash payment equal to the product of (i) the difference in cost between the named executive
officer’s actual health premiums and COBRA health premiums (if applicable) as of December 31, 2015 and (ii) 18, the number of months of
continuing COBRA coverage.