Sunoco 2013 Annual Report Download - page 135

133
Sunoco Logistics Partners L.P.
Other Potential Post-Employment Payments as of December 31, 2013
Kathleen Shea-Ballay
Senior 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) — — — — 310,000 620,000
Bonus (2) — — — — 232,500 465,000
Total Cash Severance — — — — 542,500 1,085,000
Additional Pension Benefits — — — — 124,515 124,515
Unit Ownership (3)
Performance-Based Restricted
Units (2012-2014) (4) — 490,092 490,092 — — 490,092
Time-Vested Restricted Units (4)
— — 980,627 — — 980,627
Total Unit Ownership — 490,092 1,470,719 — — 1,470,719
Other Benefits
Outplacement (5) — — — — 12,750 12,750
Health & Welfare (6) — — — — 14,270 14,270
Total Other Benefits — — — — 27,020 27,020
TOTAL — 490,092 1,470,719 — 694,035 2,707,254
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 $75.48 (closing price of the
Partnership on December 31, 2013). 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 2012
performance cycle would have been 100% of target based on Total Return and Distribution Coverage Ratio. 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. Upon a Change in Control, time-based
restricted units would be paid out as awarded. Under permanent disability, time-based restricted units would be paid at the end of the
retention period as though the participant had continued to be employed through the end of the retention period.
(5) Reimbursement for outplacement services ($12,750 per annum) as provided by our general partner during the severance period (52
weeks).
(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.