Windstream 2014 Annual Report Download - page 56
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Please find page 56 of the 2014 Windstream annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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52 |
(2) The value of the accelerated vesting of restricted shares is based on the closing price of Windstream’s Common
Stock on December 31, 2014 of $8.24 per share.
(3) None of the named executive officers are eligible to receive a tax gross-up payment for the golden parachute
excise tax imposed on the change in control severance benefits under Sections 280G and 4999 of the tax code.
Instead, each of them would either (i) have his or her severance benefits reduced to a level such that the golden
parachute excise tax would not apply, or (ii) receive all the benefits to which he or she is entitled and pay the
related excise tax, whichever would result in the greater net after-tax benefit to the executive. For purposes of
these calculations, we have assumed that the severance benefits would not be reduced.