XM Radio 2010 Annual Report Download - page 48

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Potential Payments and Benefits
The following table describes the potential payments and benefits under the named executive officers’
agreements and our stock incentive plans to which they would have been entitled if a termination of
employment or change-in-control had occurred as of December 31, 2010:
Name Triggering Event
Lump Sum
Severance
Payment
($)
Accelerated
Equity
Vesting(1)
($)
Continuation of
Insurance
Benefits(2)
($)
Excise Tax
Gross-Up
($)
Total
($)
Mel Karmazin. . . . . . . . Change-in-control — 108,000,000 — 7,123,771 115,123,771
Termination due to death or
disability — 108,000,000 — — 108,000,000
Termination without cause or for
good reason 3,000,000 108,000,000 32,487 — 111,032,487
Termination without cause or for
good reason following change-in-
control 3,000,000 108,000,000 32,487 8,731,686 119,764,173
Scott A. Greenstein . . . . Termination due to death or
disability — 24,991,322 — — 24,991,322
Termination without cause or for
good reason 1,925,000 24,991,322 18,679 — 26,935,001
Termination without cause or for
good reason following change-in-
control 1,925,000 24,991,322 18,679 — 26,935,011
James E. Meyer . . . . . . Termination due to death or
disability — 6,641,280 — — 6,641,280
Termination without cause or for
good reason 2,350,000 19,923,841 29,629 — 22,303,470
Termination for scheduled
retirement(3) 4,700,000 — 49,781 — 4,749,781
Termination without cause or for
good reason following change-in-
control 2,350,000 22,306,961 29,629 — 24,686,590
Dara F. Altman . . . . . . . Termination without cause or for
good reason 2,092,663 1,952,378 51,928 — 4,096,969
Termination without cause or for
good reason following change-in-
control 2,092,663 1,952,378 51,928 — 4,096,969
Patrick L. Donnelly . . . . Termination due to death or
disability — 12,677,762 — — 12,677,762
Termination without cause or for
good reason 1,325,000 12,677,762 20,153 — 14,022,915
Termination without cause or for
good reason following change-in-
control 1,325,000 14,266,748 20,153 — 15,611,901
David J. Frear . . . . . . . . Change-in-control — 163,000 — — 163,000
Termination due to death or
disability — 163,000 — — 163,000
Termination without cause or for
good reason 1,600,000 — 18,679 — 1,618,679
Termination without cause or for
good reason following a change-in-
control 1,600,000 3,076,418 18,679 — 4,695,097
(1) Amounts were calculated based on the closing price on the NASDAQ Global Select Market of our com-
mon stock on December 31, 2010 of $1.63. The accelerated vesting of options is valued at (a) the differ-
ence between the closing price and the exercise price of the options multiplied by (b) the number of
shares of common stock underlying the options. The accelerated vesting of restricted stock and restricted
stock units is valued at the closing price times the number of shares of restricted stock and restricted stock
units.
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