iRobot 2007 Annual Report Download - page 29

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December 29, 2007, our named executive officers would be entitled to cash payments in the amounts set forth
opposite their names in the below table, subject to any deferrals required under Section 409A of the Internal
Revenue Code of 1986, as amended, and acceleration of vesting as set forth in the below table. The following
table provides the market value (that is, the value based upon our stock price on December 29, 2007, minus
the exercise price) of stock options that would become exercisable or vested as a result of these acceleration
events as of December 29, 2007.
Name
Base
Salary
($)
Bonus
($)
Continuation of
Health Plan Premium
Payments
($)
Accrued
Vacation
Pay
($)
Market
Value of
Stock
Options
($)
Market
Value of
Restricted
Stock
($)
Total
($)
Colin Angle.............. 330,625 140,516 16,480 22,595 42,879 212,998 766,093
Helen Greiner ............ 330,625 140,516 5,494 25,432 42,879 212,998 757,944
Geoffrey P. Clear .......... 267,500 53,500 11,102 20,578 102,600 93,465 548,745
Joseph W. Dyer ........... 303,264 98,561 484 22,060 759,279 127,290 1,310,938
Sandra B. Lawrence ........ 320,000 80,000 16,480 — 502,500 — 918,980
Automatic Acceleration of Vesting Following a Change in Control
As described above, certain terms of our executive agreements provide that 25% of all stock, options,
awards and purchase rights granted to our executive officers under any stock plan prior to a Change in Control
shall immediately become fully vested and exercisable as of the effective date of a change in control or
termination without cause or resignation for good reason following a change in control. The following table
provides the market value (that is, the value based upon our stock price on December 29, 2007, minus the
exercise price) of stock options that would become exercisable or vested as a result of these acceleration
events as of December 29, 2007.
Name
Market
Value of
Stock
Options
($)
Market
Value of
Restricted
Stock
($)
Total
($)
Colin Angle . . . ...................................... 10,720 53,250 63,970
Helen Greiner ........................................ 10,720 53,250 63,970
Geoffrey P. Clear ..................................... 25,650 23,366 49,016
Joseph W. Dyer ...................................... 189,820 31,823 221,643
Sandra B. Lawrence ................................... 125,625 — 125,625
Director Compensation
In connection with our efforts to attract and retain highly-qualified individuals to serve on our board of
directors, we maintain a cash and equity compensation policy for our non-employee members of our board of
directors. In 2007, each of our non-employee members of our board of directors was entitled to the following
cash compensation:
Annual retainer for Board membership ....................................... $30,000
Audit Committee
Annual retainer for committee membership . . . ............................... $10,000
Additional retainer for committee chair ..................................... $10,000
Compensation Committee
Annual retainer for committee membership . . . ............................... $ 7,500
Additional retainer for committee chair ..................................... $ 7,500
Nominating and Corporate Governance Committee
Annual retainer for committee membership . . . ............................... $ 5,000
Additional retainer for committee chair ..................................... $ 5,000
25
Proxy Statement