First Data 2014 Annual Report Download - page 130
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During 2014, no executive officers exercised options or had any restricted stock awards which vested.
During 2014, no executive officers participated in either a qualified or non-qualified defined benefit plan sponsored by the Company.
During 2014, no executive officers participated in a non-qualified deferred compensation plan sponsored by the Company.
Frank J. Bisignano
$ 9,500,000
$ 21,536
$ —
$ —
$ 1,406,250
$ —
$ 10,927,786
Michael K. Neborak
1,000,000
9,474
—
—
—
—
1,009,474
Cindy Armine-Klein
1,125,000
9,891
—
—
937,500
—
2,072,391
Sanjiv Das
1,375,000
5,779
—
—
625,000
—
2,005,779
Joe Plumeri
1,740,000
9,250
—
—
937,500
—
2,686,750
(1) Benefits represented reflect a termination date of January 1, 2015 and the terms of the Policy which are effective as of January 1, 2015.
(2) 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. All other executives receive 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 one year.
(4) Stock Option vesting is not accelerated under any of the severance scenarios.
(5) The terms of 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.
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.
None of the Company’s Governance, Compensation and Nominations Committee members have been an officer or employee of the Company at any time,
except for Joe W. Forehand who served as interim CEO during 2010. During 2014, the Company had no compensation committee interlocks.
We do not have any compensation plans under which our common stock may be issued. First Data Holdings Inc., our parent company, has adopted the 2007
Stock Incentive Plan for Key Employees of First Data Corporation and its Affiliates under which common stock of First Data Holdings Inc. may be issued.
The following table contains certain information regarding options, warrants or rights to common stock of First Data Holdings Inc. under the plan as of
December 31, 2014.
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