Allstate 2012 Annual Report Download - page 62

(3) The values in this change-in-control row represent amounts paid if both the change-in-control and qualifying termination occur on December 31,
2011. Equity awards granted prior to 2012 immediately vest upon a change-in-control; the amounts payable to each named executive would be as
follows:
Mr. Wilson 3,976,154 8,568,832 12,544,986
Mr. Civgin 1,065,935 2,124,357 3,190,292
Ms. Greffin 742,314 1,891,537 2,633,851
Mr. Gupta 0 546,089 546,089
Mr. Winter 0 1,468,189 1,468,189
Beginning with awards granted in 2012, equity awards will not accelerate in the event of a change-in-control unless also accompanied by a
qualifying termination of employment. A change-in-control also would accelerate the distribution of each named executive’s non-qualified deferred
compensation and SRIP benefits. Please see the Non-Qualified Deferred Compensation at Fiscal Year End 2011 table and footnote 2 to the Pension
Benefits table in the Retirement Benefits section for details regarding the applicable amounts for each named executive.
(4) Under the change-in-control plan, Mr. Winter’s severance benefit was reduced by $310,593 to avoid the imposition of excise taxes and maximize
the severance benefit available under the plan.
(5) The Welfare Benefits and Outplacement Services amount includes the cost to provide certain welfare benefits to the named executive and family
during the period the named executive is eligible for continuation coverage under applicable law. The amount shown reflects Allstate’s costs for
these benefits or programs assuming an 18-month continuation period. The value of outplacement services is $40,000 for Mr. Wilson and
$20,000 for each other named executive.
(6) The named executives who participate in the long-term disability plan are eligible to participate in Allstate’s supplemental long-term disability plan
for employees whose annual earnings exceed the level which produces the maximum monthly benefit provided by the long-term disability plan
(basic plan). The benefit is equal to 50% of the named executive’s qualified annual earnings divided by twelve and rounded to the nearest one
hundred dollars, reduced by $7,500, which is the maximum monthly benefit payment that can be received under the Basic Plan. The amount
reflected assumes the named executive remains totally disabled until age 65 and represents the present value of the monthly benefit payable until
age 65. Ms. Greffin does not participate in the long-term disability plan.
(7) Under the terms of Mr. Lacher’s separation agreement, for a one year period following his termination of employment, Mr. Lacher is restricted from
soliciting Allstate employees, customers, or suppliers and engaging in certain activities competitive with the property and casualty insurance
business of Allstate.
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Restricted stock
Stock Options — units — Total —
Unvested and Unvested and Unvested and
Accelerated Accelerated Accelerated
Name ($) ($) ($)
Executive Compensation Tables
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