LeapFrog 2013 Annual Report Download - page 159
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Please find page 159 of the 2013 LeapFrog annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Quantification of Payments upon Termination or Change in Control
The amounts disclosed in the tables below assume that the event that triggered the payment occurred on
December 31, 2013 and assume the appropriate standard in the named executive officer’s plan, employment
agreement or offer letter was satisfied, as described above.
Covered Termination — No Change in Control
Named Executive Officer
Payment of Base
Salary($)
Payment of
Bonus($)
(1)
Health Insurance
Payments($)
Value of Equity
Acceleration($)
(2)
Total($)
Mr. Barbour .......... 862,500 862,500 34,261 2,416,494 4,175,755
Mr. Arthur ........... 525,000 393,750 22,841 258,050 1,199,641
Mr. Adams .......... 350,000 — 15,825 — 365,825
Mr. Ahearn .......... 525,000 393,750 22,841 258,050 1,199,641
Mr. Dodd ........... 68,000 — — — 68,000
Mr. Spalding ......... 198,742
(3)
— — — 198,742
(1) Represents only the Target Bonus portion of such executive officer’s severance compensation. Since the
Company did not pay bonuses for 2013, the executive officer’s pro rata portion of the 2013 bonus would
be zero.
(2) Represents value of additional RSUs vesting plus potential realizable value of the additional vested
options assuming a change in control of the Company occurred on December 31, 2013, and that such
named executive officer’s options were exercised on the same date, based on an exercise price of $7.94
per share, the closing market price of our Class A common stock as reported by the NYSE for
December 31, 2013.
(3) Assumes a conversion rate of U.S. Dollars to Pounds Sterling of 1:1.656178.
Covered Termination — Change in Control
Named Executive Officer
Payment of Base
Salary($)
Payment of
Bonus($)
(1)
Health Insurance
Payments($)
Value of Equity
Acceleration($)
(2)
Total($)
Mr. Barbour .......... 1,150,000 1,150,000 34,261 3,073,856 5,408,117
Mr. Arthur ........... 525,000 393,750 22,841 833,700 1,775,291
Mr. Adams .......... 350,000 — 15,825 635,200 1,001,025
Mr. Ahearn .......... 525,000 393,750 22,841 833,700 1,775,291
Mr. Dodd ........... 68,000 — — 68,000
Mr. Spalding ......... 198,742
(3)
— — 198,742
(1) Represents only the Target Bonus portion of such executive officer’s severance compensation. Since the
Company did not pay bonuses for 2013, the executive officer’s pro rata portion of the 2013 bonus would
be zero.
(2) Represents value of additional RSUs vesting plus potential realizable value of the additional vested
options assuming a change in control of the Company occurred on December 31, 2013, and that such
named executive officer’s options were exercised on the same date, based on an exercise price of $7.94
per share, the closing market price of our Class A common stock as reported by the NYSE for
December 31, 2013.
(3) Assumes a conversion rate of U.S. Dollars to Pounds Sterling of 1:1.656178.
Participants are required to execute a release of claims against LeapFrog prior to receiving any of the
foregoing payments and benefits and such payments and benefits under the Severance Plan will terminate if, at
any time, the executive violates any proprietary information or confidentiality obligation to LeapFrog.
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