Tucows 2012 Annual Report Download - page 69

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64
Potential Payments on Termination or Change In Control
We have certain agreements that require us to provide compensation to our named executive officers in the
event of a termination of employment or a change in control of Tucows. These agreements are summarized following the
table below and do not include any payment for termination for cause. The tables below show estimated compensation
payable to each named executive officer upon various triggering events. Actual amounts can only be determined upon
the triggering event.
Elliot Noss(1) 2012
Termination
without
Cause
Change in
Control
Compensation
Base Salary/Severance(2) $ 681,074 $2,481,074
Bonus Plan(3) 339,864 339,864
Acceleration of Unvested Equity Awards(4) 67,798 67,798
Benefits(5)
Car Allowance 8,996 8,996
Healthcare Flexible Spending Account 1,499 1,499
Health club
—
—
$ 1,099,231 $2,899,231
Michael Cooperman(1) 2012
Termination
without
Cause
Change in
Control
Compensation
Base Salary/Severance(2) $ 422,351 $1,322,351
Bonus Plan(3) 177,262 177,262
Acceleration of Unvested Equity Awards(4) 60,685 67,798
Benefits(5)
Car Allowance 8,397 8,397
Healthcare Flexible Spending Account 1,499 1,499
Health club 2,399 2,399
$ 672,593 $1,579,706
David Woroch(1) 2012
Termination
without
Cause
Change in
Control
Compensation
Base Salary/Severance(2) $ 332,024 $332,024
Bonus Plan(3) 175,430 175,430
Acceleration of Unvested Equity Awards(4) 13,325 13,325
Benefits(5)
Car Allowance 7,197 7,197
Healthcare Flexible Spending Account 1,499 1,499
Health club
—
—
$ 529,475 $529,475
(1) For the purpose of the table we assumed an annual base salary at the executive’s level as of December 31,
2012
(2) Severance for Mr.
N
oss is compensation for one year plus one month additional compensation for each
completed year of service capped at 24 months. For Messrs. Cooperman and Woroch, severance
compensation is for six months plus one month additional compensation for each completed year of service.
(3) For the purpose of the table we assumed that the annual incentive bonus target as of December 31, 2012 ha
d
been achieved and that no overachievement bonus or special bonuses would be payable.