First Data 2012 Annual Report Download - page 197

(ii) the ratio of the number of days elapsed during such year prior to the Termination Date to
365.
(b) For any individual who became an Eligible Executive after May 1, 2011 and has less than two (2) Years of
Service as an Eligible Executive on the Termination Date:
(1) The Executive’s Base Salary multiplied by (1) one year (the “Severance Perio
d
”);
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(2) A pro-rata portion of the Eligible Executive’s target bonus payable to the executive pursuant to
the Company’s Senior Executive Incentive plan (or the bonus plan then applicable to the
executive) at the Company’s deemed attainment rate as of the month of the Eligible Executive’s
Termination Date and based on the portion of the year the Eligible Executive was actively
employed by the Company. Any such bonus payment will be made within 30 days of the
Eligible Executive signing their Agreement & Release (but no later than March 15 of the
calendar year following the Termination Date).
(c) For any individual who became an Eligible Executive after May 1, 2011 and who has two (2) or more but less
than five (5) Years of Service as an Eligible Executive on the Termination Date:
(1) an amount equal to the product of (i) the sum of the executive’s Base Salary and the target
bonus payable to the executive pursuant to the Company’s Senior Executive Incentive Plan (or
the bonus plan then applicable to the executive) for the year in which the Termination Date
occurs, and (ii) 1.5 years (the “Severance Perio
d
”);
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lus
(2) A pro-rata portion of the Eligible Executive’s target bonus payable to the executive pursuant to
the Company’s Senior Executive Incentive plan (or the bonus plan then applicable to the
executive) at the Company’s deemed attainment rate as of the month of the Eligible Executive’s
Termination Date and based on the portion of the year the Eligible Executive was actively
employed by the Company. Any such bonus payment will be made within 30 days of the
Eligible Executive signing their Agreement & Release (but no later than March 15 of the
calendar year following the Termination Date).
(d) For any individual who became an Eligible Executive after May 1, 2011 and who has five (5) or more Years of
Service as an Eligible Executive on the Termination Date:
(1) an amount equal to the product of (i) the sum of the executive’s Base Salary and the target
bonus payable to the executive pursuant to the Company’s Senior Executive Incentive Plan (or
the bonus plan then applicable to the executive) for the year in which the Termination Date
occurs, and (ii) 2 years (the “Severance Perio
d
”);
p
lus
(2) A pro-rata portion of the Eligible Executive’s target bonus payable to the executive pursuant to
the Company’s Senior Executive Incentive plan (or the bonus plan then applicable to the
executive) at the Company’s deemed attainment rate as of the month of the Eligible Executive’s
Termination Date and based on the portion of the year the Eligible Executive was actively
employed by the Company. Any such bonus payment will be made within 30 days of the
Eligible Executive signing their Agreement & Release (but no later than March 15 of the
calendar year following the Termination Date).
(ii) Continued Benefits Coverage. If an Eligible Executive’s employment with the Company is terminated after the
Effective Date for any reason set forth in Section 5, subject to the terms of any applicable plan documents and the
remaining provisions of this subsection, the Company shall provide the Eligible Executive (and his or her
dependents) for the duration of the Severance Period with all welfare benefits coverage which the Eligible
Executive (or his or her dependents) was participating in or receiving as of the Termination Date. The cost to the
Eligible Executive of such coverage and the terms and conditions of such coverage during the Severance Period
shall be the same as those applicable to similarly situated active employees during such period. Notwithstanding
the foregoing, after the expiration of the first year of the Severance Period, the Eligible Executive (and his or her
dependents) shall lose Company-sponsored group health coverage unless a timely election is made for continued
group health coverage under the Consolidated Omnibus Budget Reconciliation Act of 1986, as amended
(“COBRA”). The Company shall pay to the Eligible Executive, as an additional
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