Waste Management 2015 Annual Report Download - page 53

James E. Trevathan, Jr.
Triggering Event Compensation Component Payout ($)
Death or Disability Severance Benefits
• Accelerated vesting of stock options ........... 1,092,343
• Payment of performance share units (contingent on actual performance at
end of performance period) ...................................... 2,879,098
• Two times base salary as of the date of termination (payable in bi-weekly
installments over a two-year period)(1) ............................. 1,323,000
• Life insurance benefit paid by insurance company (in the case of death) .... 630,000
Total ......................................................... 5,924,441
Termination Without Cause by
the Company or For Good
Reason by the Employee
Severance Benefits
• 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) ...................................................... 2,513,700
• Continued coverage under benefit plans for two years
• Health and welfare benefit plans ............ 25,320
• 401(k) Retirement Savings Plan
contributions ........................... 23,850
• Prorated payment of performance share units (contingent on actual
performance at end of performance period) ......................... 1,454,813
Total ......................................................... 4,017,683
Termination Without Cause by
the Company or For Good
Reason by the Employee Six
Months Prior to or Two Years
Following a Chang in Control
(Double Trigger)
Severance Benefits
• Two times base salary plus target annual cash bonus, paid in lump sum .....2,513,700
• Continued coverage under benefit plans for two years
• Health and welfare benefit plans ............ 25,320
• 401(k) Retirement Savings Plan
contributions ........................... 23,850
• Accelerated vesting of stock options ........... 1,092,343
• Prorated accelerated payment of performance share units ................1,454,813
• Accelerated payment of performance share units replacement grant ........1,424,285
• Prorated maximum annual cash bonus ......... 1,190,700
• Gross-up payment for any excise taxes(1) ........ —
Total ......................................................... 7,725,011
James C. Fish, Jr.
Triggering Event Compensation Component Payout ($)
Death or Disability Severance Benefits
• Accelerated vesting of stock options ........... 1,060,082
• Payment of performance share units (contingent on actual performance at
end of performance period) ...................................... 2,879,098
• Life insurance benefit paid by insurance company (in the case of death) .... 567,000
Total ......................................................... 4,506,180
Termination Without Cause by
the Company or For Good
Reason by the Employee
Severance Benefits
• 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) ...................................................... 2,367,970
• Continued coverage under health and welfare benefit plans for two
years ........................................................ 25,320
• Prorated payment of performance share units
(contingent on actual performance at end of
performanceperiod) ....................... 1,454,813
Total ......................................................... 3,848,103
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