First Data 2013 Annual Report Download - page 147

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Frank J. Bisignano (1) Holdings 0 0 5,714,286 20,000,001
(1) Mr. Bisignano was granted 5,714,286 shares of Common Stock with a valuation as of 12/31/2013 of $20,000,001 pursuant to the
Management Stockholders Agreement and with his commencement of Chief Executive Officer of First Data Corporation.
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During 2013, no executive officers participated in either a qualified or non-qualified defined benefit plan sponsored by the Company.
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During 2013, no executive officers participated in a non-qualified deferred compensation plan sponsored by the Company.
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Frank J. Bisignano 9,500,000 14,740 0 0 0 0 9,514,740
Ray E. Winborne 2,700,000 14,245 0 0 680,634 03,394,879
Edward A. Labry III 4,950,000 20,862 0 0 5,885,714 010,856,576
Guy Chiarello 3,500,000 10,871 0 0 0 0 3,510,871
Christine E. Larsen 1,900,000 13,496 0 0 0 0 1,913,496
Himanshu A. Patel 1,500,000 13,201 0 0 0 0 1,513,201
Mr. Judge left First Data Corporation in 2013 and his benefits are reflected in the Severance Column of the Perquisites Table.
(1) Benefits are determined based on an assumed termination date of December 31, 2013 and the terms of the Policy. Executive officers are eligible to
receive benefits under this plan following three months of service and in the event of an involuntary termination without cause or in the event of a
voluntary termination for Good Reason.
(2) Represents two times the sum of each executive’s base salary and target bonus as of December 31, 2013. Mr. Bisignano’s employment agreement
stipulates he would receive the greater of $9,500,000 or two times the sum of his base pay and average of his last two annual incentive payments.
Mr. Chiarello, Mr. Patel and Ms. Larsen’s hiring agreements specify a severance benefit of one times current base pay and most recent annual bonus.
(3) Represents the company-paid portion of Medical, Dental and Vision benefits for each executive for a period of two years.
(4) Financial planning was eliminated in 2013 and is no longer a perquisite/benefit for active or non-active executives.
(5) Stock Option vesting is not accelerated under any of the severance scenarios.
(6) The terms of the Restricted Stock Awards issued during 2010 to Mr. Labry provide that the entire award shall vest following a departure from the
Company covered by the Policy. The terms of other Restricted Stock Awards issued to named executives provide that awards will vest based on number
of months completed since grant divided by 36 months following a severance-eligible departure from the Company. Messrs. Chiarello, Patel and
Ms. Larsen’s terms specify that nothing will vest prior to December 31, 2013 due to termination. Value based on December 31, 2013 fair market value
of $4.00, as previously determined by the Committee.
As a condition to receiving severance benefits under the Policy, all employees are required to release FDC and its employees from all claims they may
have against them and agree to a number of restrictive covenants which are structured to protect the Company from potential loss of customers or employees
and prohibit the release of confidential company information.
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