Sunoco 2012 Annual Report Download - page 155
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Sunoco Logistics Partners L.P.
Other Potential Post-Employment Payments as of December 31, 2012
Lynn L. Elsenhans(1)
Former Chairman, President and Chief Executive Officer
Type of Benefit
Involuntary
Termination
Not for
Cause (1)
($)
Cash Severance
Base Salary ............................. 0
Annual Incentive ......................... 0
Total Cash Severance ......................... 0
Additional Pension Benefits ....................... 0
Unit Ownership
Performance-Based RSU (2011-2013) (2) ...... 1,261,664
Performance-Based RSU (2012-2014) ........ 0
Time-Vested RSUs ....................... 0
Total Unit Ownership ......................... 1,261,664
Other Benefits
Outplacement ........................... 0
Health & Welfare ........................ 0
Total Other Benefits .......................... 0
TOTAL ........................................ 1,261,664
NOTES TO TABLE
(1) On February 2, 2012, the Partnership announced that, effective March 1, 2012, Lynn L. Elsenhans was
stepping down as Chief Executive Officer of Sunoco Partners LLC, the Partnership’s general partner.
Effective May 3, 2012, Ms. Elsenhans also stepped down as a director and Chairman of the Board of
Directors of the Partnership’s general partner. Ms. Elsenhans was not eligible for additional severance
benefits under the Sunoco Partners LLC Special Executive Severance Plan, due to her participation in the
Sunoco, Inc. Special Executive Severance Plan. In Ms. Elsenhans’ case, since the triggering event has
actually occurred, and she was not serving as a named executive officer of at the end of the last completed
fiscal year (December 31, 2012), the table reflects only the disclosure required for the actual triggering
event.
(2) In accordance with Ms. Elsenhans’ April 29, 2012 termination agreement, the 36,819 performance-based
restricted units vested and were paid out 30 days following her resignation date. The amount shown in the
table reflects the value of such vested units at a closing price of $32.63 on June 4, 2012. This value includes
distribution equivalent rights related to the accelerated vesting of unit ownership.
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