Staples 2013 Annual Report Download - page 66

57
Retirement
or
Resignation
Termination
for Cause
Termination
Without
Cause
Resignation
for Good
Reason
Termination
Following
Change-in-
Control
Change-
in-Control
Only
Death or
Disability(1)
Christine T. Komola
Cash Severance Payment $ — $ — $ 565,564 $ 565,564 $ 848,346 $ — $ —
Value of Accelerated
Vesting of Incentive
Compensation $ — $ — $ — $ — $ 2,101,537 $ — $ 2,101,537
Continuation of Benefits $ — $ — $ 57,353 $ 57,353 $ 86,030 $ — $ —
Survivor Death Benefit
Payout $ — $ — $ — $ — $ — $ — $ 1,995,000 (2)
Total $ — $ — $ 622,917 $ 622,917 $ 3,035,913 $ — $ 4,096,537
Joseph G. Doody
Cash Severance Payment $ — $ — $ 795,666 $ 795,666 $ 1,193,499 $ — $ —
Value of Accelerated
Vesting of Incentive
Compensation $ 21,188 $ — $ 286,757 $ 21,188 $ 4,506,944 $ 5,297 $ 4,506,944
Continuation of Benefits $ 9,142 $ 9,142 $ 112,855 $ 112,855 $ 169,541 $ — $ —
Survivor Death Benefit
Payout $ — $ — $ — $ — $ — $ — $ 3,039,400 (2)
Total $ 30,330 $ 9,142 $ 1,195,278 $ 929,709 $ 5,869,984 $ 5,297 $ 7,546,344
Demos Parneros
Cash Severance Payment $ — $ — $ 787,685 $ 787,685 $ 1,181,527 $ — $ —
Value of Accelerated
Vesting of Incentive
Compensation $ — $ — $ 265,567 $ — $ 4,506,944 $ — $ 4,506,944
Continuation of Benefits $ — $ — $ 125,514 $ 125,514 $ 188,599 $ — $ —
Survivor Death Benefit
Payout $ — $ — $ — $ — $ — $ — $ 3,039,400 (2)
Total $ — $ — $ 1,178,766 $ 913,199 $ 5,877,070 $ — $ 7,546,344
John Wilson
Cash Severance Payment $ — $ — $ 940,969 $ — $ 1,411,453 $ — $ —
Value of Accelerated
Vesting of Incentive
Compensation $ — $ — $ — $ — $ 3,340,848 $ — $ 3,340,848
Continuation of Benefits $ — $ — $ 20,009 $ — $ 30,565 $ — $ —
Survivor Death Benefit
Payout $ — $ — $ — $ — $ — $ — $ 2,735,460 (2)
Total $ — $ — $ 960,978 $ — $ 4,782,866 $ — $ 6,076,308
(1) Value of Accelerated Vesting of Incentive Compensation in the case of death or disability includes the payout at death for the Long
Term Cash Incentive Plan since the death benefit is higher than the disability benefit. All other values are the same for death or disability.
(2) Includes 1 year Executive Officer Incentive Plan payout at target in addition to any Survivor Death Benefit Payout.
(3) Under the terms of Mr. Sargent's long standing severance benefits agreement, we would reimburse Mr. Sargent for any excise tax due
under Section 280G of the U.S. Internal Revenue Code incurred in connection with a termination without cause or resignation for
good reason following a change in control of Staples. Based on the estimated amounts as of year end, no excise tax would be due.
Mr. Sargent is the only executive with this benefit and, in March 2011, the Committee adopted a policy that, unless required by law,
prohibits Staples from entering into any future compensation, severance or employment related agreement that provides for a gross
up payment to cover taxes triggered by a change in control, including taxes payable under Section 280G.
* Payouts subject to 409A regulations.
See below for additional explanation of the terms of these payments and our assumptions calculating them. In addition,
please see the CD&A section of this proxy statement.
Retirement or Resignation
The "Retirement or Resignation" column includes:
• Value of Accelerated Vesting of Incentive Compensation. For Messrs. Sargent and Doody, who have met the
age and service requirement under our Rule of 65 (as described under the caption "Accelerated Vesting of Awards following
the Grants of Plan Based Awards for 2013 Fiscal Year table earlier in this proxy statement), amounts represent the intrinsic
value of all unvested stock options as of fiscal year end.