XM Radio 2011 Annual Report Download - page 50

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between the closing price and the exercise price of the options multiplied by (b) the number of shares of
common stock underlying the options.
(2) Assumes that medical and dental benefits would be continued under COBRA for up to 18 months at current
rates; thereafter assumes rate of two times current employer costs, unless otherwise indicated in the
employment agreement. Assumes that life insurance would be continued at rate of two times current
employer cost.
(3) Refers to scheduled retirement in May 2012 pursuant to the terms of Mr. Meyer’s employment agreement,
as in effect on December 31, 2011.
40