XM Radio 2011 Annual Report Download - page 49

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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 30, 2011:
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 — 83,400,000 — — 83,400,000
Termination due to death or
disability — 83,400,000 — — 83,400,000
Termination without cause or
for good reason 1,500,000 83,400,000 13,941 — 84,913,941
Termination without cause or
for good reason following
change-in-control 1,500,000 83,400,000 13,941 — 84,913,941
Scott A. Greenstein .......Termination due to death or
disability — 19,298,855 — — 19,298,855
Termination without cause or
for good reason 2,150,000 19,298,855 21,233 — 21,470,088
Termination without cause or
for good reason following
change-in-control 2,150,000 19,298,855 21,233 — 21,470,088
James E. Meyer ..........Termination due to death or
disability — 7,837,567 — — 7,837,567
Termination without cause or
for good reason 2,600,000 15,675,134 31,454 — 18,306,588
Termination for scheduled
retirement(3) 5,200,000 — 52,823 — 5,252,823
Termination without cause or
for good reason following
change-in-control 2,600,000 17,579,471 31,454 — 20,210,924
Dara F. Altman ..........Termination due to death or
disability — 975,000 — — 975,000
Termination without cause or
for good reason 1,200,000 975,000 21,233 — 2,196,233
Termination without cause or
for good reason following
change-in-control 1,200,000 2,542,764 21,233 — 3,763,997
Patrick L. Donnelly .......Termination due to death or
disability — 11,384,119 — — 11,384,119
Termination without cause or
for good reason 1,475,000 11,384,119 21,233 — 12,880,352
Termination without cause or
for good reason following
change-in-control 1,475,000 12,653,868 21,233 — 14,150,101
David J. Frear ............Termination without cause or
for good reason 1,850,000 — 21,233 — 1,871,233
Termination without cause or
for good reason following a
change-in-control 1,850,000 2,582,957 21,233 — 4,454,190
(1) Amounts were calculated based on the closing price on the NASDAQ Global Select Market of our common
stock on December 30, 2011 of $1.82. The accelerated vesting of options is valued at (a) the difference
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