Sprint - Nextel 2013 Annual Report Download - page 93

Table of Contents
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Mr. Alves received, as a result of his involuntary termination without Cause not in connection with a change in control (but following the SoftBank
Merger), payments and benefits of $950,000 in salary
- based, $1,478,054 in STI - based, and $4,252,012 in LTI - based (as described in footnote 3 above)
compensation and $49,089 in perquisites and benefits, for a total of $6,729,155.
Resignation for Good Reason or Involuntary Termination without Cause
If our named executive officers' employment had terminated either by them for good reason or by us without cause, they would have been entitled to:
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Without Cause or For Good Reason(1)
Non-CIC ($)(2)
CIC ($)
Disability ($)
Death ($)
Hesse
Salary-based
2,400,000
2,400,000
1,200,000
—
STI-based
7,200,000
7,200,000
2,855,114
2,855,114
LTI -based(3)
78,272,435
96,757,781
90,137,781
90,137,781
Benefits/Perquisites
55,237
55,237
10,119
—
Total
87,927,672
106,413,018
94,203,014
92,992,895
Euteneuer
Salary-based
1,550,000
1,550,000
775,000
—
STI-based
3,022,500
3,022,500
1,198,553
1,198,553
LTI -based(3)
18,721,284
24,112,847
22,362,847
22,362,847
Benefits/Perquisites
55,237
55,237
10,119
—
Total
23,349,021
28,740,584
24,346,519
23,561,400
Elfman
Salary-based
1,300,000
1,300,000
650,000
—
STI-based
2,437,500
2,437,500
966,575
966,575
LTI -based(3)
17,757,827
22,764,270
21,139,270
21,139,270
Benefits/Perquisites
49,414
49,414
7,207
—
Total
21,544,741
26,551,184
22,763,052
22,105,845
Johnson
Salary-based
1,250,000
1,250,000
625,000
625,000
STI-based
2,021,972
2,021,972
662,327
662,327
LTI -based(3)
10,556,581
10,556,581
9,806,581
9,806,581
Benefits/Perquisites
71,084
71,084
10,542
—
Total
13,899,637
13,899,637
11,104,450
11,093,908
Wunsch
Salary-based
980,000
980,000
490,000
—
STI-based
1,323,000
1,323,000
489,867
489,867
LTI -based(3)
7,507,123
9,663,749
8,963,749
8,963,749
Benefits/Perquisites
46,062
46,062
5,531
—
Total
9,856,185
12,012,811
9,949,147
9,453,616
(1)
The CIC Severance Plan provides that if the payments and benefits provided to an executive under the CIC Severance Plan or any other plan or agreement would constitute
an "excess parachute payment" for purposes of Section 280G of the Internal Revenue Code, the executive would either have his or her payments and benefits reduced to the
highest amount that could be paid without triggering excise taxes under Section 4999 of the Internal Revenue Code or, if greater, receive the after -tax amount of his or her
payment and benefits taking into account the excise taxes and any other applicable federal, state and local taxes. Amounts do not take into effect any possible reduction due to
the effects of Section 280G of the Internal Revenue Code.
(2)
If Mr. Johnson’s termination was for good reason based on relocation, his salary-based benefit would have been $625,000, his STI-based benefit would have been
$1,396,972, his LTI-based benefit would have been $10,556,581, and his benefits/perquisites would have been $10,542, for a total value of $12,589,095.
(3)
Includes performance units (payable in cash), stock options and RSUs. The value of options is based on the intrinsic value of the options, which is the difference between the
exercise price of the option and the market price of our shares on December 31, 2013, multiplied by the number of options, and the value of RSUs is based on the market
value of our stock on December 31, 2013, multiplied by the number of RSUs, as adjusted for performance prior to 2013, for performance-based RSUs.
•
a lump sum payment equal to their then - current base salary for their respective payment period, which is 24 months for each named executive
officer (12 months for Mr. Johnson if his termination was for good reason based on relocation);