AutoZone 2015 Annual Report Download - page 65
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Proxy
The following table shows the amounts that the Named Executive Officers would have received if their
employment had been terminated under specified circumstances on August 29, 2015. This table does not include
amounts related to the Named Executive Officers’ vested benefits under our deferred compensation and pension
plans or pursuant to stock option awards, all of which are described in the tables above.
Name
Voluntary or
For Cause
Termination
($)
Involuntary
Termination Not
For Cause
($)
Change in
Control
($)
Disability
($)
Death
($)
Normal
Retirement
($)
William C. Rhodes, III(1)
Severance Pay ................ — 2,990,000 — — — —
Annual Incentive .............. — 1,507,500 — 1,507,500 1,507,500 1,507,500
Benefits Continuation .......... — 16,259 — — 3,058 —
Unvested Stock Options ........ — — — — 14,256,989 —
Unvested Stock Awards ........ — 18,266,528 — 18,266,528 18,266,528 106,778
Disability Benefits ............. — — — 5,640,000 — —
Life Insurance Benefits ......... — — — — 5,000,000 —
Total ....................... — 22,780,287 — 25,414,028 39,034,075 1,614,278
William T. Giles(2)
Severance Pay ................ — 1,126,000 — — — —
Annual Incentive .............. — 507,008 — 507,008 507,008 507,008
Benefits Continuation .......... — 18,703 — — 2,726 —
Unvested Stock Options ........ — — — — 8,602,971 —
Unvested Stock Awards ........ — 32,688 — 32,688 32,688 32,688
Disability Benefits ............. — — — 3,960,000 — —
Life Insurance Benefits ......... — — — — 2,040,000 —
Total ....................... — 1,684,399 — 4,499,696 11,185,393 539,696
William W. Graves(2)
Severance Pay ................ — 864,000 — — — —
Annual Incentive .............. — 311,260 — 311,260 311,260 311,260
Benefits Continuation .......... — 16,710 — — 2,859 —
Unvested Stock Options ........ — — — — 6,361,891 —
Unvested Stock Awards ........ — 20,339 — 20,339 20,339 20,339
Disability Benefits ............. — — — 3,900,000 — —
Life Insurance Benefits ......... — — — — 1,000,000 —
Total ....................... — 1,212,309 — 4,231,599 7,696,349 331,599
Mark A. Finestone(2)
Severance Pay ................ — 864,000 — — — —
Annual Incentive .............. — 311,260 — 311,260 311,260 311,260
Benefits Continuation .......... — 16,541 — — 2,726 —
Unvested Stock Options ........ — — — — 6,542,067 —
Unvested Stock Awards ........ — 15,255 — 15,255 15,255 15,255
Disability Benefits ............. — — — 4,110,000 — —
Life Insurance Benefits ......... — — — — 1,000,000 —
Total ....................... — 1,207,056 — 4,436,515 7,871,308 326,515
Thomas B. Newbern(2)
Severance Pay ................ — 864,000 — — — —
Annual Incentive .............. — 311,260 — 311,260 311,260 311,260
Benefits Continuation .......... — 18,703 — — 2,726 —
Unvested Stock Options ........ — — — — 6,542,067 —
Disability Benefits ............. — — — 4,650,000 — —
Life Insurance Benefits ......... — — — — 1,000,000 —
Total ....................... — 1,193,963 — 4,961,260 7,856,053 311,260
(1) Severance Pay, Bonus and Benefits Continuation amounts shown under the “Involuntary Termination Not
for Cause” column reflect the terms of Mr. Rhodes’ Agreement described above. Unvested stock options are
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