Sprint - Nextel 2013 Annual Report Download - page 85

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Table of Contents
____________________________________
(i) The perquisites and other personal benefits received by Mr. Hesse in 2013 consisted of: non-business use of our corporate aircraft by Mr. Hesse and his family, which
had an incremental cost to us of $6,686; costs for security services for Mr. Hesse's residence, which had an incremental cost to us of $8,687; and $226,794 in legal
fees relating to the negotiation of Mr. Hesse's employment contract.
The incremental cost of use of our aircraft is calculated by dividing the total variable costs (such as fuel, aircraft maintenance, engine warranty expense,
contract labor expense and other trip expenses) by the total flight hours for the past twelve months and multiplying such amount by the individual's total number of flight
hours for non-business use for the year.
The Compensation Committee has established an overall security program for Mr. Hesse. Under the security program, we provided Mr. Hesse with
residential security systems and equipment and he was required to use our aircraft for business travel as well as non-business travel. Mr. Hesse was permitted to have
his family accompany him on the corporate aircraft for business and non-business travel.
The amount disclosed for Mr. Elfman consists of relocation costs of $143,549 in connection with relocation of Mr. Elfman's principal place of work to Seattle,
Washington and $29,173 in related tax gross-ups. For more information regarding Mr. Elfman's relocation, see "Compensation Discussion and Analysis
Setting
Executive CompensationOther Compensation Decisions for 2013."
The amount disclosed for Mr. Alves consists of $4,980,029 in severance payments upon termination of his employment pursuant to his employment agreement. For
more information regarding these severance payments, see "Potential Payments upon Termination of Employment or Change in Control."
Grants of Plan
-
Based Awards
The table below summarizes awards under our STIC and LTIC incentive plans, and other option awards, to our named executive officers in 2013.
These awards consisted of the following:
83
(4)
Change in pension value was $(29,263) and $(28,521) for Messrs. Wunsch and Alves, respectively, due to change in interest and mortality assumptions. No amounts were
attributable to above-market or preferential earnings on non-qualified deferred compensation.
(5)
Consists of: (a) amounts contributed by us under our 401(k) and deferred compensation plans; and (b) perquisites and other personal benefits and tax gross-ups as follows:
Year
Company
Contributions to
401(k) and Deferred
Compensation Plans
($)
Perquisites
and Other
Personal
Benefits and Tax
Gross
-Ups
($)
(i)
Hesse
2013
129,911
242,167
Euteneuer
2013
10,200
Elfman
2013
10,200
172,722
Johnson
2013
10,200
Wunsch
2013
10,200
Alves
2013
10,200
4,980,029
Awards granted pursuant to our 2013 STIC plan;
Performance units and performance
-
based RSUs for the 2013 portion of our 2011 LTIC plan;
Time
-
based and performance
-
based RSUs granted pursuant to our 2013 LTIC plan; and
Stock options and time
-
based RSUs granted to Mr. Hesse.