Waste Management 2011 Annual Report Download - page 58

James E. Trevathan
Triggering Event Compensation Component Payout ($)
Death or Disability Severance Benefits
• Accelerated vesting of stock
options .............................. 0
• Payment of performance share units
(contingent on actual performance at end of
performance period) .................... 601,635
• Two times base salary as of the date of
termination (payable in bi-weekly
installments over a two-year period(1) ..... 1,132,596
• Life insurance benefit paid by insurance
company (in the case of death) ........... 567,000
Total .................................. 2,301,231
Termination Without Cause by the Company or Severance Benefits
For Good Reason by the Employee • Two times base salary plus target annual
cash bonus (one-half payable in lump sum;
one-half payable in bi-weekly installments
over a two-year period) ................. 1,982,044
• Continued coverage under benefit plans for
two years ............................
• Health and welfare benefit
plans .............................. 22,200
• 401(k) contributions .................. 22,050
• Prorated payment of performance share units
(contingent on actual performance at end of
performance period) .................... 318,694
Total .................................. 2,344,988
Termination Without Cause by the Company or Severance Benefits
For Good Reason by the Employee Six Months
Prior to or Two Years Following aChange-in-
• Two times base salary plus target annual
cash bonus, paid in lump sum ............ 1,982,044
Control (Double Trigger) • Continued coverage under benefit plans for
two years ............................
• Health and welfare benefit
plans .............................. 22,200
• 401(k) contributions .................. 22,050
• Accelerated vesting of stock
options .............................. 0
• Prorated accelerated payment of performance
share units ........................... 318,694
• Accelerated payment of performance share
units replacement grant ................. 282,941
• Prorated maximum annual cash
bonus ............................... 849,448
• Gross-up payment for any excise
taxes(1) .............................. 0
Total .................................. 3,477,377
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