Ingram Micro 2007 Annual Report Download - page 51

Mr. Murai
Mr. Murai resigned from the Company, effective January 4, 2008. Since Mr. Murai’s resignation is a voluntary
termination, Mr. Murai is due payment of $665,280 based on actual 2007 Company performance under the 2007
short-term incentive program and he is due $554,995 under the 2005-2007 Cash LTIP program, in each case, based
on the Company’s actual achievement during the performance measurement cycle.
Mr. Koppen
Mr. Koppen resigned as an officer of the Company as of November 30, 2007 and terminated employment on
March 7, 2008.
Mr. Koppen entered into a Retirement Agreement as of November 8, 2007 and is due payment of $351,866
based on actual 2007 Company performance under the 2007 short-term incentive program, Mr. Koppen is also due
payment of $286,020 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. Payments under both programs would
be at the normal time of award.
Pursuant to his Retirement Agreement, for all vested options granted prior to January 1, 2007, Mr. Koppen
(estimated value of $1,132,137) had up to 5 years to exercise them from retirement date unless the options expire
first. In addition, under the 2006 EIP Program, he was eligible to receive 26/36 of any earned payout. For all equity
awards granted on or after January 1, 2007, the unvested stock options would continue to vest and he would have
five years from the date of his retirement to exercise vested stock options unless the options expire first. The
performance shares under the 2007 EIP Program continue to vest and he will earn the full award payout assuming
target award. In addition, Mr. Koppen and his spouse would be repatriated to the Netherlands to include airfare and
shipment of household goods and personal affects. Mr. Koppen remains tax equalized to the United States for each
tax year that he is subject to Belgian taxes related to his assignment. Upon final determination of Mr. Koppen’s
actual total tax liability for each tax year that he is subject to Belgian taxes and his hypothetical tax liability had he
remained a resident of Florida, the Company will reimburse for the amount, if any, by which his total actual tax
liability exceeds his hypothetical tax liability and he will reimburse the Company for the amount, if any by which
his hypothetical tax liability exceeds his total actual tax liability, in each case after giving effect to the tax liabilities
already paid by the Company and the amount withheld from his income for actual and hypothetical tax liabilities
during the year.
Mr. Maquet
For the purposes of this analysis, we assumed Mr. Maquet’s compensation includes base salary as of
December 31, 2007 equal to A355,058 ($487,104 based on exchange rate of A1.00 = US$1.3719), and an annual
incentive opportunity equal to 55% of base salary. Assuming Mr. Maquet’s voluntary termination date is
December 31, 2007, Mr. Maquet would be due payment of $384,447 based on actual 2007 Company performance
at the normal time of award plus Mr. Maquet is eligible for an equivalent amount under a French profit sharing
program of $15,027 plus tax gross-up of $8,616 per his assignment. In addition, he would be due payment of
$276,205 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. Payments under both programs would
be at the normal time of award.
Mr. Maquet is eligible for retirement under the 2003 Plan’s definition for retirement for long-term equity
incentives prior to January 1, 2007 and early retirement for long-term equity incentives awards on or after January 1,
2007. The definition of retirement for long-term equity incentives prior to January 1, 2007 is 50 years of age or
greater with five or more years of service. The definition for early retirement for long-term incentives on or after
January 1, 2007 is 55 years of age or greater with 10 or more years of service. He would still be due payments for
those award earned and payable to him as specified under voluntary termination. For all vested options granted prior
to January 1, 2007, Mr. Maquet (estimated value of $501,548) would have up to 5 years to exercise from retirement
date unless the options expire first. In addition under the 2006 EIP Program, he would be eligible for 2⁄3payout under
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