iRobot 2008 Annual Report Download - page 29

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Cash Payments and/or Acceleration of Vesting Following Certain Termination Events
Assuming the employment of our named executive officers was terminated involuntarily and without
cause (not in connection with a change in control) on December 27, 2008, our named executive officers would
be entitled to cash payments in the amounts set forth opposite their names in the below tables, subject to any
deferrals required under Section 409A of the Internal Revenue Code of 1986, as amended.
Name(1)
Base
Salary
($)
Continuation of
Health Plan Premium
Payments
($)
Accrued
Vacation Pay
($) Total
($)
Colin M. Angle .................... 189,384 9,005 24,647 223,036
John J. Leahy ..................... 175,006 9,005 114 184,125
Joseph W. Dyer .................... 162,500 263 25,000 187,763
Glen D. Weinstein .................. 142,437 8,342 19,448 170,227
Alison Dean ...................... 115,000 8,065 5,370 128,435
(1) Excludes Ms. Greiner and Mr. Clear, who were not employed by the Company on December 27, 2008.
Assuming the employment of our named executive officers was terminated involuntarily and without
cause, or such officers resigned with good reason, during the one-year period following a change in control on
December 27, 2008, 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 27, 2008, minus
the exercise price) of stock options that would become exercisable or vested as a result of these acceleration
events as of December 27, 2008.
Name(1)
Base
Salary
($) Bonus
($)
Continuation of
Health Plan Premium
Payments
($)
Accrued
Vacation
Pay
($)
Market
Value of
Stock
Options
($)(2)
Market
Value of
Restricted
Stock
($) Total
($)
Colin M. Angle ........ 378,769 160,977 18,010 24,647 — 188,578 770,981
John J. Leahy ......... 350,012 113,754 18,010 114 — 557,400 1,039,290
Joseph W. Dyer........ 325,000 105,625 526 25,000 156,240 130,051 742,442
Glen D. Weinstein ...... 284,875 71,219 16,684 19,448 132,110 110,087 634,423
Alison Dean .......... 230,000 28,750 16,130 5,370 — 32,125 312,375
(1) Excludes Ms. Greiner and Mr. Clear, who were not employed by the Company on December 27, 2008.
(2) Excludes stock options where the exercise price is greater than market value of our common stock on
December 27, 2008.
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 27, 2008, minus the
exercise price) of stock options that would become exercisable or vested as a result of these acceleration
events as of December 27, 2008 and the market value (that is, the value based upon our stock price on
27
Proxy Statement