Freddie Mac 2011 Annual Report Download - page 360

payable upon termination of employment for other reasons or upon a change-in-control. Additionally, Semi-Monthly Base
Salary is only payable through the date of death or a termination resulting from disability. The amounts presented in this
table do not include vested balances in the Thrift/401(k) SERP Benefit, or vested benefits in the Pension SERP Benefit as
of December 31, 2011, because such vesting was not in connection with a termination or change- in-control. Amounts
shown in the table also do not include certain items available to all employees generally upon a termination event.
Additional information is provided in the footnotes following the table.
Table 91 — Potential Payments Upon Termination of Employment or Change-in-Control as of December 31, 2011
Death Disability
Charles E. Haldeman, Jr.
Compensation:
Deferred Base Salary
(1)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,898,500 $2,898,500
Target Opportunity
(2)
............................................................... — —
Benefits:
Non-Qualified Pension
(3)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 387,519
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,898,500 $3,286,019
Ross J. Kari
Compensation:
Deferred Base Salary
(1)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,550,542 $1,550,542
Target Opportunity
(2)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 988,771 988,771
Benefits:
Non-Qualified Pension
(3)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 148,391
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,539,313 $2,687,704
Anthony N. Renzi
Compensation:
Deferred Base Salary
(1)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,108,188 $1,108,188
Target Opportunity
(2)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 447,223 447,223
Benefits:
Non-Qualified Pension
(3)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 52,718
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,555,411 $1,608,129
Jerry Weiss
Compensation:
Deferred Base Salary
(1)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 950,584 $ 950,584
Target Opportunity
(2)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 618,732 618,732
Equity Awards
(4)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,214 1,214
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,570,530 $1,570,530
Paige H. Wisdom
Compensation:
Deferred Base Salary
(1)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 693,459 $ 693,459
Target Opportunity
(2)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 484,223 484,223
Equity Awards(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,753 1,753
Benefits:
Non-Qualified Pension
(3)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 136,130
Non-Qualified Deferred Compensation
(3)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 3,248
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,179,435 $1,318,813
(1) The amount reported as Deferred Base Salary is equal to any earned but unpaid Deferred Base Salary, adjusted to reflect the approved funding level.
(2) The amounts reported under Target Opportunity are equal to the first installment associated with the 2011 Target Opportunity and the second
installment associated with the 2010 Target Opportunity. Both amounts have been adjusted to reflect the approved funding levels and the individual
differentiation based on division and/or individual performance.
(3) The amounts reported under Non-Qualified Pension and Non-Qualified Deferred Compensation reflect the non-vested Pension SERP Benefit and the
non-vested Thrift/401(k) SERP Benefit, respectively, as of December 31, 2011. Under the terms of the SERP, a participant continues to accrue
service while disabled (as defined in the SERP).
(4) The amount reported under Equity Awards reflects the immediate vesting of the Named Executive Officer’s outstanding RSU grants in the event of
death or disability. Death also results in the immediate settlement of the outstanding RSUs, while a Disability event results in continued vesting of
all grants in accordance with the vesting schedule outlined in the award agreement as if termination had not occurred. The values shown were
calculated by multiplying the number of RSUs that will continue to vest by the closing price or our common stock on December 30, 2011 ($0.212),
the last trading day of the year.
Alternative Settlement Provisions for Equity Awards in the Event of Certain Terminations
RSUs
The RSUs awarded to our employees, including our Named Executive Officers, contain alternative settlement
provisions in the event of certain terminations, as follows:
•Death. Immediate vesting and settlement occurs in the event of death.
355 Freddie Mac