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CHTT » Topics » Robert B. Long

This excerpt taken from the CHTT DEF 14A filed Feb 27, 2009.

Robert B. Long

 

      Payment Type ($)

Triggering Event

    Cash
Payment (1)		    Equity with
Accelerated
Vesting (2)		    Continued
Perquisites
and Benefits (3)		    Total

Change in Control (absent termination)

    —      274,703    —      274,703

Termination without Cause or Voluntary Termination with Good Reason during the One Year Window Period
(in connection with a Change in Control)

    433,129    274,703    25,765    733,597

Retirement, Death or Disability

    —      274,703    —      274,703

 

(1) Amount shown is equal to 200% of the sum of Mr. Long’s highest annual base salary in effect during the one year period ending on November 28, 2008 (or $175,000) and his annual incentive bonus for the prior fiscal year (or $90,000), less $96,871, the amount necessary to avoid the payment of an “excess parachute payment” under Section 280G of the Internal Revenue Code.
(2) The amounts shown reflect the aggregate intrinsic value of the previously unvested stock options that would vest immediately upon the occurrence of a change in control or the death, disability or retirement of Mr. Long in accordance with the terms of the Company Stock Plans. The intrinsic value of each stock option is equal to the closing market price of each share of our common stock on November 28, 2008 (or $72.57), minus the exercise price of such options.
(3) The amount shown reflects the estimated aggregate value of Mr. Long’s applicable COBRA coverage premiums (based on such monthly premiums as of November 28, 2008) for 24 months of continued health, vision and dental benefits which are to be reimbursed to him under the terms of his severance agreement.

 

43

Table of Contents
This excerpt taken from the CHTT DEF 14A filed Feb 29, 2008.

Robert B. Long

 

     Payment Type ($)

Triggering Event

    Cash
Payment
    Equity with
Accelerated
Vesting (1)
    Continued
Perquisites
and Benefits
    Total

Change in Control (absent termination)

    —      332,806    —      332,806

Discharge, Constructive Discharge or Voluntary Termination during the Open Window Period (in connection with a Change in Control)

    —      —      —      —  

Retirement, Death or Disability

    —      332,806    —      332,806
(1) The amounts shown reflect the aggregate intrinsic value of the previously unvested stock options that would vest immediately upon the occurrence of a change in control or the death, disability or retirement of Mr. Long in accordance with the terms of the Company Stock Plans. The intrinsic value of each stock option is equal to the closing market price of each share of Company common stock on November 30, 2007 (or $70.91), minus the exercise price of such options.

 

39

Table of Contents

EXCERPTS ON THIS PAGE:

DEF 14A
Feb 27, 2009
DEF 14A
Feb 29, 2008

RELATED TOPICS for CHTT:

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