iRobot 2013 Annual Report Download - page 40

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Name
Base
Salary
($)
Continuation of
Health Plan
Premium
Payments ($) Total ($)
Colin M. Angle 312,500 9,816 322,316
Alison Dean 162,500 8,759 171,259
Russell J. Campanello 162,500 9,816 172,316
Paolo Pirjanian 162,500 9,816 172,316
Glen D. Weinstein 167,500 8,759 176,259
John J. Leahy (1) 215,000 9,816 224,816
Jeffrey A. Beck (2) 215,000 9,816 224,816
(1) John J. Leahy resigned as Executive Vice President, Chief Financial Officer and Treasurer effective April 5, 2013. Accordingly,
Mr. Leahy is not entitled to the amounts set forth in the above table.
(2) Jeffrey A. Beck resigned as Chief Operating Officer effective November 25, 2013 and his employment with the Company
terminated on December 27, 2013. The amounts set forth in the table above represent certain amounts paid to Mr. Beck under
the terms of the Separation Agreement in connection with his termination. In addition, under the terms of the Separation
Agreement, Mr. Beck received $506,325, which is equivalent to the amount that he would have received under the Company’s
Senior Executive Cash Incentive Compensation Plan if he had remained employed with the Company through the date on which
amounts were paid to the executive officers under such plan as well as partial acceleration of the vesting of unvested equity
awards granted to Mr. Beck under the 2005 Plan. The intrinsic value of the stock options and restricted stock units held by Mr.
Beck that vested in connection with his termination of employment was $224,621 and $750,940, respectively.
Assuming the employment of our named executive officers was terminated by the Company without cause during the period
beginning on the date that is 45 days prior to the date of the public announcement of the execution of a definitive agreement for a
change in control and ending on the first anniversary of the effective date of the change in control, or such officers resigned with good
reason during the one-year period following a change in control and that such termination or resignation occurred on December 28,
2013, our named executive officers would be entitled to cash payments in the amounts set forth opposite their names in the below
table, subject to any deferrals required under Section 409A of the Code, and acceleration of vesting as set forth in the table below. The
total amount payable to each executive officer is subject to reduction in certain circumstances if the amount would cause the executive
officer to incur an excise tax under Section 4999 of the Code. The following table provides the market value (that is, the value based
upon our stock price on December 28, 2013, minus the exercise price) of stock options and restricted stock units that would become
exercisable or vested as a result of these acceleration events as of December 28, 2013.
Name
Base
Salary
($) Bonus ($)
Continuation
of Health
Plan
Premium
Payments
($)
Market
Value of
Stock
Options
($)
Market
Value of
Restricted
Stock and
Restricted
Stock Units
($) Total ($)
Colin M. Angle 1,250,000 1,250,000 39,265 986,780 5,175,136 8,701,181
Alison Dean 650,000 390,000 35,036 126,203 1,187,545 2,388,784
Russell J. Campanello 650,000 390,000 39,265 448,237 1,594,760 3,122,262
Paolo Pirjanian 650,000 390,000 39,265 1,953,726 1,215,448 4,248,439
Glen D. Weinstein 670,000 402,000 35,036 215,998 1,175,116 2,498,150
John J. Leahy (1) 860,000 645,000 39,265 — — 1,544,265
Jeffrey A. Beck (2) 860,000 645,000 39,265 — — 1,544,265
(1) John J. Leahy resigned as Executive Vice President, Chief Financial Officer and Treasurer effective April 5, 2013. Accordingly,
Mr. Leahy is not entitled to the amounts set forth in the above table.
(2) Jeffrey A. Beck resigned as Chief Operating Officer effective November 25, 2013. Accordingly, Mr. Beck is not entitled to the
amounts set forth in the above table. The amounts actually paid to Mr. Beck in connection with the termination of his
employment are described above.