Waste Management 2015 Annual Report Download - page 54

Triggering Event Compensation Component Payout ($)
Termination Without Cause by
the Company or For Good
Reason by the Employee Six
Months Prior to or Two Years
Following a Change in Control
(Double Trigger)
Severance Benefits
• Two times base salary plus target annual cash bonus (one-half payable in
lump sum; one-half payable in bi-weekly installments over a two-year
period) ...................................................... 2,367,970
• Continued coverage under health and welfare benefit plans for two
years ........................................................ 25,320
• Accelerated vesting of stock options ........... 1,060,082
• Prorated accelerated payment of performance share units ................1,454,813
• Accelerated payment of performance share units replacement grant ........1,424,285
• Prorated maximum annual cash bonus ......... 1,121,670
Total ......................................................... 7,454,140
Jeff M. Harris
Triggering Event Compensation Component Payout ($)
Death or Disability Severance Benefits
• Accelerated vesting of stock options ........... 899,915
• Payment of performance share units (contingent on
actual performance at end of performance
period)................................... 2,351,589
• Life insurance benefit paid by insurance company (in the case of death) .... 567,000
Total ......................................................... 3,818,504
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) ...................................................... 2,142,000
• 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
performance period) ....................... 1,179,957
Total ......................................................... 3,347,277
Termination Without Cause by
the Company or For Good
Reason by the Employee Six
Months Prior to or Two Years
Following a Change-in-Control
(Double Trigger)
Severance Benefits
• Three times base salary plus target annual cash bonus, paid in lump
sum(1) ....................................................... 3,213,000
• Continued coverage under health and welfare benefit plans for three
years ........................................................ 37,980
• Accelerated vesting of stock options ........... 899,915
• Prorated accelerated payment of performance share units ................1,179,957
• Accelerated payment of performance share units
replacement grant .......................... 1,171,632
• Prorated maximum annual cash bonus ......... 952,000
Total ......................................................... 7,454,484
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