Voya 2013 Annual Report Download - page 461

Potential Payments upon Termination or Change of Control Table(1)
The following table sets forth, for each NEO, an estimate of potential payments the NEO would have
received at, following, or in connection with a termination of employment under the circumstances enumerated
below on December 31, 2013.
Name Termination Trigger Severance(2)
Continued
Benefits
Health and
Welfare
Continuation
Equity
Vesting(3)
Other
Benefits(4) Total
Rodney O. Martin, Jr. .... Involuntary termination without
cause / for good reason $1,000,000 $ — $9,098,332 $8,500 $10,106,832
Voluntary Termination $ — $ — $ — $ — $ —
Retirement $ — $ — $ — $ — $ —
Death $ — $ — $9,489,294 $ — $ 9,489,294
Disability $ — $ — $9,489,294 $ — $ 9,489,294
Involuntary termination following
Change in Control $1,000,000 $ — $9,489,294 $8,500 $10,497,794
Alain M. Karaoglan ..... Involuntary termination without
cause / for good reason $ 700,000 $ 6,978 $4,485,767 $8,500 $ 5,201,245
Voluntary Termination $ — $ — $ — $ — $ —
Retirement $ — $ — $ — $ — $ —
Death $ — $ — $4,876,728 $ — $ 4,876,728
Disability $ — $ — $4,876,728 $ — $ 4,876,728
Involuntary termination following
Change in Control $ 700,000 $ 6,978 $4,876,728 $8,500 $ 5,592,206
Ewout L. Steenbergen . . . Involuntary termination without
cause / for good reason $ 550,000 $ 6,670 $1,515,465 $8,500 $ 2,080,635
Voluntary Termination $ — $ — $ — $ — $ —
Retirement $ — $ — $ — $ — $ —
Death $ — $ — $1,665,838 $ — $ 1,665,838
Disability $ — $ — $1,665,838 $ — $ 1,665,838
Involuntary termination following
Change in Control $ 550,000 $ 6,670 $1,665,838 $8,500 $ 2,231,008
Maliz E. Beams ........ Involuntary termination without
cause / for good reason $ 700,000 $ 9,949 $4,642,972 $8,500 $ 5,361,421
Voluntary Termination $ — $ — $ — $ — $ —
Retirement $ — $ — $ — $ — $ —
Death $ — $ — $5,018,891 $ — $ 5,018,891
Disability $ — $ — $5,018,891 $ — $ 5,018,891
Involuntary termination following
Change in Control $ 700,000 $ 9,949 $5,018,891 $8,500 $ 5,737,340
Jeffrey T. Becker ....... Involuntary termination without
cause / for good reason $ 575,000 $10,005 $3,041,728 $8,500 $ 3,635,233
Voluntary Termination $ — $ — $ — $ — $ —
Retirement $ — $ — $ — $ — $ —
Death $ — $ — $3,762,158 $ — $ 3,762,158
Disability $ — $ — $3,762,158 $ — $ 3,762,158
Involuntary termination following
Change in Control $ 575,000 $10,005 $3,762,158 $8,500 $ 4,355,663
(1) There are no change in control provisions that would affect the level of benefits payable from the pension plans. The
ING U.S. Severance Plan determines benefits under a formula that takes into account service and salary. The Plan’s
maximum severance benefit is equal to 52 weeks of eligible pay.
(2) Under the terms of his employment agreement, cash severance payments to Mr. Martin would be made in a lump sum by
the Company. Under the terms of the Severance Plan and subject to the executive’s execution of a release, cash severance
payments to Mr. Karaoglan, Mr. Steenbergen, Ms. Beams and Mr. Becker would be made by the Company in substantially
equal, semi-monthly payments as the same time as the regular payroll, for the duration of the severance period.
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