Voya 2013 Annual Report Download - page 460

Mr. Steenbergen was awarded a Deal Incentive Award with an original value of $650,000, subject to the
terms and conditions described above under “—Compensation of Named Executive Officers—Grants of Plan
Based Awards—Deal Incentive Awards,” which, in connection with his localization, was increased to $800,000.
Employment Agreement of Ms. Beams
Ms. Beams serves as the Chief Executive Officer, Retirement Solutions, of the Company, reporting to the
CEO. Certain terms and conditions of her employment are set forth in an offer letter dated May 27, 2011.
Ms. Beams is employed at will, and the Company may change the terms of or terminate her employment at any
time.
Under the terms of her offer letter, Ms. Beams received an annual base salary of $600,000 and has the
opportunity for certain incentive payments. Ms. Beams is eligible to receive an annual incentive award with a
target bonus opportunity of 125% of her base salary, a certain portion of which is subject to deferral. The offer
letter also states that Ms. Beams is eligible to participate in the LSPP, under which she may receive a long-term
incentive award of ING Group restricted stock and/or performance shares with a target value of 125% of her base
salary (following our IPO, awards to employees of the Company are made in the form of Voya Financial, Inc.
equity grants pursuant to the Omnibus Plan, rather than the LSPP). Ms. Beams’ base salary has subsequently
been increased to $700,000 and her target long-term incentive award has subsequently been increased to 250% of
base salary.
In addition to her base salary, annual incentive award opportunity and long-term incentive award
opportunity, Ms. Beams received a Deal Incentive Award with an aggregate value of $1.5 million, subject to the
terms and conditions described under “—Compensation of Named Executive Officers—Grants of Plan Based
Awards—Deal Incentive Awards”.
Employment Agreement of Mr. Becker
Mr. Becker serves as the Chief Executive Officer of Investment Management. Certain terms and conditions
of his employment are set forth in an offer letter from Aetna Life & Casualty, dated July 25, 1994. Under the
terms of his offer letter, Mr. Becker is entitled to an annual base salary of $82,500, which may be reviewed and
adjusted. Mr. Becker is employed at will, and the Company may change the terms of or terminate his
employment at any time. Mr. Becker’s base salary has subsequently been increased to $575,000.
Mr. Becker is party to a letter agreement pursuant to which he received a Deal Incentive Award of
$800,000, subject to the terms and conditions described above under “—Compensation of Named Executive
Officers—Grants of Plan Based Awards—Deal Incentive Awards”.
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