Logitech 2015 Annual Report Download - page 102

Compensation Report for Fiscal Year 2015
– Proxy Statement | 92
2015 Annual General Meeting Invitation, Proxy Statement
Non-qualified Deferred Compensation for Fiscal Year 2015
The following table sets forth information regarding the participation by our named executive officers in the Logitech
Inc. U.S. Deferred Compensation Plan during fiscal year 2015 and at fiscal year-end.
Name
Executive
Contributions
in Last
Fiscal Year
($)(1)
Logitech
Contributions
in Last
Fiscal Year
($)
Aggregate
Earnings
in Last
Fiscal Year
($)(2)
Aggregate
Withdrawals/
Distributions
($)
Aggregate
Balance
at Last
Fiscal Year
End
($)
Guerrino De Luca — — — — —
Bracken Darrell — — — — —
Vincent Pilette — — — — —
Marcel Stolk — — — — —
L. Joseph Sullivan 54,255 — 31,954 — 583,312
(1) Amounts are included in the Summary Compensation table in the “Salary” column for fiscal year 2015. All
contributions were made under the Logitech Inc. Deferred Compensation Plan.
(2) These amounts are not included in the Summary Compensation table because plan earnings were not preferential
or above market.
Narrative Disclosure to Non-Qualified Deferred Compensation Table
Please refer to “Compensation Disclosure and Analysis—Compensation Elements—Deferred Compensation Plan” for
a discussion of the Logitech Inc. U.S. Deferred Compensation Plan, effective January 1, 2009.
Payments upon Termination or Change in Control
We have entered into agreements that provide for
payments under certain circumstances in the event of
termination of employment of our executive officers.
These agreements include:
• Change of control severance agreements, under which
an executive officer may receive certain benefits if he
or she is subject to an involuntary termination within 12
months after a “change of control” because his or her
employment is terminated without cause or because
the executive resigns for good reason.
• PSU, RSU, and PSO award agreements that provide
for the accelerated vesting of the shares subject to
the award agreements under certain circumstances,
including the same circumstances as under the
change of control agreements.
• Offer letters with Bracken Darrell and Vincent Pilette,
under which they are entitled to severance benefits if
we terminate their employment without cause or if they
resign for good reason.
• An employment agreement with Marcel Stolk, under
which he is entitled to receive a three-month notice
period if we terminate his employment or if he resigns.