iRobot 2008 Annual Report Download - page 24

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(7) Mr. Clear resigned as Senior Vice President, Chief Financial Officer and Treasurer of the Company effec-
tive June 9, 2008, and served as Senior Finance Advisor to the Chief Executive Officer from June 9, 2008
until September 5, 2008.
(8) Includes severance payments pursuant to a Transitional Services and Departure Agreement dated April 30,
2008, equal to $83,460.
Grants of Plan-Based Awards in 2008
The following table sets forth, for each of the named executive officers, information about grants of plan-
based awards during 2008.
GRANTS OF PLAN-BASED AWARDS — 2008
Name Grant Date Threshold
($) Target
($) Maximum
($)
All Other
Stock
Awards:
Number
of Shares
of Stock
or Units
(#)(2)
All Other
Option
Awards:
Number of
Securities
Underlying
Options
(#)(2)
Exercise
or Base
Price of
Option
Awards
($/Sh)
Grant
Date Fair
Value of
Stock and
Option
Awards
($)
Estimated Possible Payouts Under
Non-Equity Incentive Plan
Awards(1)
Colin M. Angle ....... — — 315,658 631,316 — — — —
3/28/2008 — — — 16,300 — 17.13 279,219
3/28/2008 26,000 17.13 217,935
John J. Leahy ........ — 122,504 122,504 245,008 — — — —
6/27/2008 — — — 60,000 — 14.05 843,000
6/27/2008 — — — — 200,000 14.05 1,384,540
Joseph W. Dyer ....... — — 209,076 418,152 — — — —
3/28/2008 — — — 11,500 — 17.13 196,995
3/28/2008 — — — — 14,000 17.13 117,349
Glen D. Weinstein ..... — — 141,197 282,394 — — — —
3/28/2008 — — — 7,350 — 17.13 125,906
3/28/2008 — — — — 14,000 17.13 117,349
Alison Dean ......... — — 57,115 114,230 — — — —
3/28/2008 — — — 1,750 — 17.13 29,978
7/25/2008 — — — 1,333 — 14.09 18,782
7/25/2008 — — — — 5,333 14.09 37,109
Helen Greiner ........ — — 264,500 529,000 — — — —
3/28/2008 — — — 8,800 — 17.13 150,744
Geoffrey P. Clear...... — — 110,622 221,244 — — — —
3/28/2008 — — — 3,350 — 17.13 57,386
(1) This reflects the threshold, target and maximum incentive cash payout levels established under our 2008
Senior Executive Incentive Compensation Plan.
(2) All stock awards and option awards were made pursuant to our 2005 Plan.
Discussion of Summary Compensation and Grants of Plan-Based Awards Tables
The compensation paid to the named executive officers includes salary, cash incentive compensation and
equity incentive compensation. In addition, each named executive officer is eligible to receive contributions to
his or her 401(k) plan under our matching contribution program.
Executive Agreements
In March 2006, we entered into executive agreements with Messrs. Angle, Clear, Weinstein and Dyer,
and Ms. Greiner. In March 2007 and June 2008, we entered into executive agreements with Ms. Dean and
Mr. Leahy, respectively. The executive agreements provide for severance payments equal to 50% of such
officer’s annual base salary, as well as certain continued health benefits, in the event that we terminate his or
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