US Postal Service 2012 Annual Report Download - page 73

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2012 Report on Form 10-K United States Postal Service- 72 -
SEVERANCE PAYMENT
Mr. Corbett is entitled to a severance payment of $230,000, in the event the Postal Service terminates his employment for
any reason other than for cause or breach of contract.
INSURANCE BENEFITS
The Governors have not authorized supplemental insurance benefits for any executive officer at this time. The insurance
benefits to which all postal executives are entitled are described above.
OUTPLACEMENT ASSISTANCE
The Governors have not authorized any outplacement assistance for any executive officer at this time.
ACCRUED ANNUAL LEAVE
All Postal Service employees are entitled to receive and accrue paid days off, known as annual leave. Upon their
separation from the Postal Service, all employees, including the named executive officers, are entitled to be paid, in a
lump-sum, the value of all accrued annual leave. The table below shows the accrued value of the annual leave of the
named executive officers, as of September 30, 2012.
Name Value of accrued annual leave ($)
Patrick R. Donahoe 210,691
Joseph Corbett 41,365
Stephen J. Masse 13,085
Ellis A. Burgoyne 11,279
Mary Anne Gibbons 23,001
Anthony J. Vegliante 227,077
COMPENSATION COMMITTEE REPORT
The Compensation and Management Resources Committee has reviewed and discussed the Compensation Discussion
and Analysis with management and, based on such review and discussions, the Compensation and Management
Resources Committee recommended to the Governors that the Compensation Discussion and Analysis be included in this
Report.
The Compensation and Management Resources Committee
Ellen C. Williams, Chairman
Mickey D. Barnett, Member
Louis J. Giuliano, Member