List of Accelerated Payments and Benefits

EX-2.4 5 d31635exv2w4.htm LIST OF ACCELERATED PAYMENTS AND BENEFITS exv2w4
 

Exhibit 2.4
Acceleration of Payments and Benefits
To Named Executive Officers
William R. Floyd
                 
            Shares of  
            Company Common Stock  
Benefit Plan   Cash Payment*     Vested Early*  
EDC Plan**
  $ 3,621,883       N/A  
SERP
    4,754,542       N/A  
ESERP
    N/A       N/A  
2003 Long Term Program
    208,417       N/A  
1997 Long Term Incentive Plan — Cash Awards
               
2004 Grant
    1,675,633       N/A  
2005 Grant
    2,250,001       N/A  
1997 Long Term Incentive Plan — Restricted Stock Awards
               
2002 Grant
    N/A       43,750  
2003 Grant
    N/A       104,375  
2004 Grant
    N/A       214,822  
2005 Grant
    N/A       188,442  
1997 Long Term Incentive Plan — Performance Stock Awards
               
2004 Grant
    N/A       134,051***    
2005 Grant
    N/A       180,001****  
Severance
    0       N/A  
Total
    12,510,476       865,441  
*Before withholding for taxes.
**Includes payment of $1,906,098 under the Retention Enhancement Plan, established
***Performance-based stock units granted with an aggregate cash value at the time of grant of $1,675,633 (the “Dollar Value”). The number of performance shares issued was determined by dividing the by $12.50, which is the per share purchase price in the Merger Agreement, with fractional shares being rounded up to the next whole number.
****Performance-based stock units granted with an aggregate cash value at the time of grant of $2,250,001 (the “Dollar Value”). The number of performance shares issued was determined by dividing the Dollar Value by $12.50, which is the per share purchase price in the Merger Agreement, with fractional shares being rounded up to the next whole number.

 


 

Douglas J. Babb
                 
            Shares of  
            Company Common Stock  
Benefit Plan   Cash Payment*     Vested Early*  
EDC Plan
  $ 191,055       N/A  
SERP
    N/A       N/A  
ESERP
    1,622,907       N/A  
2003 Long Term Program
    81,392       N/A  
1997 Long Term Incentive Plan — Cash Awards
               
2004 Grant
    404,343       N/A  
2005 Grant
    431,001       N/A  
1997 Long Term Incentive Plan — Restricted Stock Awards
               
2003 Grant
    N/A       41,667  
2004 Grant
    N/A       51,838  
2005 Grant
    N/A       36,097  
1997 Long Term Incentive Plan — Performance Stock Awards
               
2004 Grant
    N/A           32,348**  
2005 Grant
    N/A              34,481***  
Severance
    2,330,000       N/A  
Total
    5,060,698       196,431  
*Before withholding for taxes
**Performance-based stock units granted with an aggregate cash value at the time of grant of $404,343 (the “Dollar Value”). The number of performance shares issued was determined by dividing the Dollar Value by $12.50, which is the per share purchase price in the Merger Agreement, with fractional shares being rounded up to the next whole number.
***Performance-based stock units granted with an aggregate cash value at the time of grant of $430,001 (the “Dollar Value”). The number of performance shares issued was determined by dividing the Dollar Value by $12.50, which is the per share purchase price in the Merger Agreement, with fractional shares being rounded up to the next whole number.

 


 

David R. Devereaux
                 
            Shares of  
            Company  
            Common Stock  
Benefit Plan   Cash Payment*     Vested Early*  
EDC Plan
  $ 56,212       N/A  
SERP
    N/A       N/A  
ESERP
    1,583,051 **     N/A  
2003 Long Term Program
    91,813       N/A  
1997 Long Term Incentive Plan — Cash Awards
               
2004 Grant
    429,353       N/A  
2005 Grant
    456,998       N/A  
1997 Long Term Incentive Plan — Restricted Stock Awards***
               
2003 Grant
    N/A       31,250  
2004 Grant
    N/A       41,283  
2005 Grant
    N/A       28,706  
1997 Long Term Incentive Plan — Performance Stock Awards***
               
2004 Grant
    N/A       25,762 ****
2005 Grant
    N/A       27,329 *****
Severance
    2,015,000       N/A  
Total
    4,632,427       154,330  
*Before withholding for taxes.
**Excludes $56,957.62 transferred pursuant to a domestic relations order.
***Share amounts exclude shares transferred pursuant to a domestic relations order.
****Performance-based stock units granted with an aggregate cash value at the time of grant of $322,015 (the “Dollar Value”). The number of performance shares issued was determined by dividing the Dollar Value by $12.50, which is the per share purchase price in the Merger Agreement, with fractional shares being rounded up to the next whole number.
*****Performance-based stock units granted with an aggregate cash value at the time of grant of $341,612 (the “Dollar Value”). The number of performance shares issued was determined by dividing the Dollar Value by $12.50, which is the per share purchase price in the Merger Agreement, with fractional shares being rounded up to the next whole number.

 


 

Jeffrey P. Freimark
                 
            Shares of  
            Company  
            Common Stock  
Benefit Plan   Cash Payment*     Vested Early*  
EDC Plan
  $ 360,009       N/A  
SERP
    N/A       N/A  
ESERP
    1,640,009       N/A  
2003 Long Term Program
    91,809          
1997 Long Term Incentive Plan — Cash Awards
               
2004 Grant
    429,344       N/A  
2005 Grant
    456,998       N/A  
1997 Long Term Incentive Plan — Restricted Stock Awards
               
2003 Grant
    N/A       41,667  
2004 Grant
    N/A       55,043  
2005 Grant
    N/A       38,275  
1997 Long Term Incentive Plan — Performance Stock Awards
               
2004 Grant
    N/A       34,348 **
2005 Grant
    N/A       36,560 ***
Severance
    0       N/A  
Total
    2,978,169       205,893  
*Before withholding for taxes
**Performance-based stock units granted with an aggregate cash value at the time of grant of $429,344 (the “Dollar Value”). The number of performance shares issued was determined by dividing the Dollar Value by $12.50, which is the per share purchase price in the Merger Agreement, with fractional shares being rounded up to the next whole number.
***Performance-based stock units granted with an aggregate cash value at the time of grant of $456,998 (the “Dollar Value”). The number of performance shares issued was determined by dividing the Dollar Value by $12.50, which is the per share purchase price in the Merger Agreement, with fractional shares being rounded up to the next whole number.

 


 

Cindy H. Susienka
                 
            Shares of  
            Company  
            Common Stock  
Benefit Plan   Cash Payment*     Vested Early*  
EDC Plan
  $ 477,971       N/A  
SERP
    N/A       N/A  
ESERP
    1,388,463       N/A  
2003 Long Term Program
    68,333          
1997 Long Term Incentive Plan — Cash awards
               
2004 Grant
    384,992       N/A  
2005 Grant
    384,997       N/A  
1997 Long Term Incentive Plan — Restricted Stock Awards
               
2003 Grant
    N/A       20,000  
2004 Grant
    N/A       49,358  
2005 Grant
    N/A       32,245  
1997 Long Term Incentive Plan — Performance Stock Awards
               
2004 Grant
    N/A       30,800 **
2005 Grant
    N/A       30,800 ***
Severance
    2,655,000       N/A  
Total
    5,359,756       163,203  
*Before withholding for taxes
**Performance-based stock units granted with an aggregate cash value at the time of grant of $384,992 (the “Dollar Value”). The number of performance shares issued was determined by dividing the Dollar Value by $12.50, which is the per share purchase price in the Merger Agreement, with fractional shares being rounded up to the next whole number.
***Performance-based stock units granted with an aggregate cash value at the time of grant of $384,997 (the “Dollar Value”). The number of performance shares issued was determined by dividing the Dollar Value by $12.50, which is the per share purchase price in the Merger Agreement, with fractional shares being rounded up to the next whole number.