Tucows 2014 Annual Report Download - page 129
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Severance for Mr. Noss 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, 2014 had
been achieved and that no overachievement bonus or special bonuses would be payable.
(4) For purposes of the above table, we have assumed that if we terminate Mr. Noss without cause all his unvested
options vest automatically and that for Messrs. Cooperman or Woroch, that their options continue to vest
through any severance period. On a change in control we have assumed that all unvested options for
Messrs. Noss or Cooperman vest automatically and that for Mr. Woroch, that his options continue to vest
through and until the end of any severance period. Amounts disclosed in this table equal the closing market
value of our common stock as of December 30, 2014, minus the exercise price, multiplied by the number of
unvested shares of our common stock that would vest. The closing market value of our common stock on
December 31, 2014 was $19.41.
(5) Pay for unused vacation, extended health, matching registered retirement savings plan benefit, life insurance
and accidental death and dismemberment insurance are standard programs offered to all employees and are
therefore not reported.
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