XM Radio 2014 Annual Report Download - page 49
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(2) Assumes that health benefits would be continued under COBRA for one year (18 months in the
case of Messrs. Meyer and Donnelly) at 2014 rates. Assumes that life insurance would be
continued at rate of two times current employer cost.
(3) Mr. Meyer is also eligible to receive a prorated bonus for the year in which his employment is
terminated. Payment is based on actual performance for such year, and payable at such time as
the bonuses for such year are paid to other senior executives of the Company. This potential
payment is not determinable and is not reflected in the table above.
(4) The severance amount for a termination without cause or for good reason following a change in
control is reduced as a result of a “cut-back” provision included in the employment agreement of
Mr. Rodriguez.
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