Office Depot 2011 Annual Report Download - page 71

(6) The amount in column (g) represents the cost of company matching contributions on behalf of the NEOs to eligible charitable organizations under the
2011 Executive Matching Gifts Program.
(7) Reflects the severance payment payable to Mr. Brown in connection with his termination in September 2011 and pursuant to the terms of his
previously negotiated Executive Employment Agreement. In connection with his termination, in addition to the $1 million retention award as
described in footnotes 9 and 10 to the Summary Compensation Table, Mr. Brown became entitled to receive: 1) cash severance of $937,500; 2)
$2,000,000 retention bonus, 3) 2011 pro-rated bonus at target; and 4) 18 times COBRA and other welfare benefit plan monthly premiums. Payment of
all amounts will be paid to him in cash on March 26, 2012.
(8) In August 2011, Ms. Vanderlinde, Executive Vice President of Human Resources, was terminated, and pursuant to her Separation Agreement,
received a severance payment of $1,572,296 on September 7, 2011. In connection with her termination, Ms. Vanderlinde became entitled to receive:
1) $880,000 continued base salary for 24 months; 2) $616,000 for two times 2011 bonus at target; and 3) $76,296 for COBRA and other welfare
benefit plan monthly premiums.
(9) Represents payments to Messrs. Austrian, Peters and Schmidt for personal expenses incurred while attending a company-sponsored event and the
related gross-up payments for the event.
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