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however, payments of earned awards through the date of termination will be made in accordance with the terms of
the programs and if they are made, at the same time as to other participants.
The amount of compensation payable to each NEO in each potential payment situation is listed in the table
below:
Short
Term
Incentive
2005-2007
Cash LTIP
2006
Performance
Shares
2007
Performance
Shares
Stock
Options
Severance
Pay
Life
Insurance
Proceeds
Disability
Benefits Outplacement
Repatriation/
Relocation
Expense
Tax Gross-
Up on
Perquisites Total
Long Term Incentives Benefits & Perquisites
Gregory M.E. Spierkel
Voluntary Termination . . . $844,800 $554,995 $ — $ — $ — $ — $ — $ — $ — $ — $ — $1,399,795
Retirement . . . . . . . . . . 844,800 554,995 647,680 — — — — — — — — 2,047,475
Involuntary Not for Cause
Termination . . . . . . . . . 844,800 554,995 647,680 372,004 — 1,600,000 — — 20,000 — — 4,039,479
Death . . . . . . . . . . . . 844,800 554,995 971,519 1,116,013 84,845 — 800,000 — — — — 4,372,172
Disability . . . . . . . . . . 844,800 554,995 971,519 1,116,013 — — — 390,000 — — — 3,877,327
William D. Humes
Voluntary Termination . . . 336,336 276,291 — — — — — — — — — 612,627
Retirement . . . . . . . . . . — — — — — — — — — — — —
Involuntary Not for Cause
Termination . . . . . . . . . 336,336 276,291 246,379 117,253 — 773,500 — — 20,000 — — 1,769,759
Death . . . . . . . . . . . . 336,336 276,291 369,568 351,759 48,301 — 455,000 — — — — 1,837,255
Disability . . . . . . . . . . 336,336 276,291 369,568 351,759 — — — 314,179 — — — 1,648,133
Alain Monié
Voluntary Termination . . . 308,305 114,130 — — — — — — — — 46,334 468,769
Retirement . . . . . . . . . . — — — — — — — — — — 46,334 46,334
Involuntary Not for Cause
Termination . . . . . . . . . 308,305 114,130 396,172 187,860 — 1,235,000 — — 20,000 57,600 46,334 2,365,401
Death . . . . . . . . . . . . 308,305 114,130 594,258 563,579 43,738 — 1,150,000 — — 46,334 2,820,344
Disability . . . . . . . . . . 308,305 114,130 594,258 563,579 — — — 377,500 — 46,334 2,004,106
Kevin Murai
Voluntary Termination . . . 665,280 554,995 — — — — — — — — — 1,220,275
Henri T. Koppen
Retirement . . . . . . . . . . 351,866 286,020 266,911 351,759 — — — — — 43,194 378 1,300,128
Alain Maquet
Voluntary Termination . . . 399,474 276,205 — — — — — — — — 8,616 684,295
Retirement . . . . . . . . . . 399,474 276,205 145,815 208,184 — — — — — 88,000 8,616 1,126,294
Involuntary Not for Cause
Termination . . . . . . . . . 399,474 276,205 145,815 69,395 — 1,950,446 — — 20,000 88,000 8,616 2,957,951
Death . . . . . . . . . . . . 399,474 276,205 218,723 208,184 26,468 2,193,998 1,826,054 — — 84,500 8,616 5,242,222
Disability . . . . . . . . . . 399,474 276,205 218,723 208,184 — 2,193,998 — 328,689 — 88,000 8,616 3,721,889
For the purposes of this analysis, we assumed that the last date of employment for the NEOs is through
December 31, 2007 and estimated value of equity holdings is based on the closing price of ($18.36) of our stock on
December 28, 2007 (last trading day of our fiscal year):
Mr. Spierkel
For the purposes of this analysis, we assumed Mr. Spierkel’s compensation is as follows: base salary as of
December 31, 2007 equal to $800,000, annual incentive opportunity equal to 100% of base salary, long-term
incentive opportunity granted in stock options (60%) and performance shares (40%). Assuming Mr. Spierkel’s
voluntary termination date is December 31, 2007, he would be due payment of $844,800, based on actual 2007
Company performance under the 2007 short-term incentive program, and payment of $554,995 under the
2005-2007 Cash LTIP program, based on the Company’s actual achievement during the performance measurement
cycle. See “Compensation Discussion and Analysis — Element of Compensation — Long-Term Incentives” for
further information on payout under this program.
Mr. Spierkel is eligible for retirement under the 2003 Plan’s definition for retirement for long-term equity
incentives prior to January 1, 2007. The definition of retirement for long-term equity incentives prior to January 1,
2007 is 50 years of age and a minimum of five years of service. He would still be due payments for those awards
earned and payable to him as specified under voluntary termination. For all vested options granted prior to January 1,
2007, Mr. Spierkel (estimated value of $3,494,157) would have up to 5 years to exercise from retirement date. In
addition under the 2006 EIP Program, he would be eligible for 2⁄3payout under the definition of retirement for long-
term equity grants prior to January 1, 2007.
If he were to be involuntarily terminated, other than for cause, Mr. Spierkel would be due payments for those
awards earned and payable to him as specified under voluntary termination. In addition, under the Executive Officer
Severance policy, he would be eligible to receive outplacement services for up to one year (not to exceed $20,000)
45