Sunoco 2012 Annual Report Download - page 154

Sunoco Logistics Partners L.P.
Other Potential Post-Employment Payments as of December 31, 2012
Kathleen Shea-Ballay
Vice President, General Counsel and Secretary
Type of Benefit
Voluntary
Termination
($)
Death
($)
Disability
($)
Termination
for Cause
($)
Involuntary
Termination
Not for Cause
($)
Change in
Control
($)
Cash Severance
Base Salary(1) ............. 0 0 0 0 290,500 581,000
Annual Incentive(2) ......... 0 0 0 0 130,725 261,450
Total Cash Severance ........... 0 0 0 0 421,225 842,450
Additional Pension Benefits ......... 0 0 0 0 0 95,589
Unit Ownership(3)
Performance-Based RSU
(2011-2013)(4) ........... 0 387,649 387,649 0 0 775,299
Performance-Based RSU
(2012-2014)(4) ........... 0 317,231 317,231 0 0 317,231
Time-Vested RSUs ......... 0 0 0 0 0 0
Total Unit Ownership ........... 0 704,880 704,880 0 0 1,092,530
Other Benefits
Outplacement(5) ............ 0 0 0 0 25,000 25,000
Health & Welfare(6) ......... 0 0 0 0 13,560 13,560
Total Other Benefits ............ 0 0 0 0 38,560 38,560
TOTAL .......................... 0 704,880 704,880 0 459,785 2,069,129
NOTES TO TABLE
(1) Consists of 2.0 x multiple of the base salary prior to the Change in Control. Upon involuntary termination
not for cause, consists of 52 weeks of base salary in effect on the termination date.
(2) Consists of 2.0 x multiple of the target bonus prior to the Change in Control. Upon involuntary termination
not for cause, consists of 52 weeks of target bonus in effect on the termination date.
(3) Reflects intrinsic values of accelerated vesting of equity awards at an assumed closing price of $49.73
(closing price of Sunoco Logistics Partners L.P., on December 31, 2012). Values include unvested/unearned
distribution equivalent rights of accelerated vesting of unit ownership.
(4) Upon a Change in Control, performance-based restricted units outstanding more than twelve months from
the grant date are paid out at the greater of target or actual performance immediately prior to the Change in
Control. The estimated payout for the 2011 and 2012 performance cycles would have been 200% of target
based on Total Return results (payout percentage does not reflect Cash Distribution Growth performance).
Performance-based restricted units outstanding less than twelve months from the grant date prior to a
Change in Control, are not adjusted for any performance factors. Under death, disability and retirement,
outstanding performance-based restricted units would continue to the end of the performance period, and
payment, if any, would be based as though the participant had continued to be employed through the end of
the performance period. Assumed to be paid at target under these scenarios.
(5) Reimbursement for outplacement services ($25,000) as provided by our general partner.
(6) Health & Welfare and life insurance coverage during the severance period (52 weeks). Annual medical costs
provided by our general partner. Dental coverage is not provided upon involuntary termination not for
cause.
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