DBD » Topics » Payments Made Upon Retirement

This excerpt taken from the DBD DEF 14A filed Mar 10, 2009.
Payments Made Upon Retirement
 
In the event of the retirement of a Named Executive Officer at or after the earliest voluntary retirement age, in addition to the benefits identified above under “Voluntary or Involuntary With Cause” and “Involuntary Without Cause,” he would also be entitled to the following:
 
•  All outstanding unvested options awarded prior to 2007 would immediately vest;
 
•  All outstanding unvested options awarded after 2006 would immediately vest if the Named Executive Officer


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had attained the age of 65 and completed five or more years of continuous employment;
 
•  All outstanding RSUs awarded prior to 2007 would immediately vest and become nonforfeitable;
 
•  All outstanding RSUs awarded after 2006 would immediately vest and become nonforfeitable if the Named Executive Officer had attained the age of 65 and completed five or more years of continuous employment;
 
•  All outstanding RSUs awarded after 2006 would vest pro-rata based upon the time employed in the year of termination relative to the deferral period of the RSUs, if the sum of the Named Executive Officer’s age and years of continuous employment equals or exceeds 70; and
 
•  Pro-rata performance share earnouts, as described above.
 
This excerpt taken from the DBD DEF 14A filed Oct 9, 2008.
Payments Made Upon Retirement
 
In the event of the retirement of a Named Executive Officer at or after the earliest voluntary retirement age, in addition to the benefits identified above under “Voluntary or Involuntary With Cause” and “Involuntary Without Cause,” he would also be entitled to the following:
 
•  All outstanding unvested options awarded prior to 2007 would immediately vest;
 
•  All outstanding unvested options awarded in 2007 would immediately vest if the Named Executive Officer had attained the age of 65 and completed five or more years of continuous employment;
 
•  All outstanding RSUs awarded prior to 2007 would immediately vest and become nonforfeitable;


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•  All outstanding RSUs awarded in 2007 would immediately vest and become nonforfeitable if the Named Executive Officer had attained the age of 65 and completed five or more years of continuous employment;
 
•  All outstanding RSUs awarded in 2007 would vest pro-rata based upon the time employed in the year of termination relative to the deferral period of the RSUs, if the sum of the Named Executive Officer’s age and years of continuous employment equals or exceeds 70; and
 
•  Pro-rata performance share earnouts, as described above.
 
These excerpts taken from the DBD 10-K filed Sep 30, 2008.
Payments Made Upon Retirement
 
In the event of the retirement of a Named Executive Officer at or after the earliest voluntary retirement age, in addition to the benefits identified above under “Voluntary or Involuntary With Cause” and “Involuntary Without Cause,” he would also be entitled to the following:
 
  •  All outstanding unvested options awarded prior to 2007 would immediately vest;
 
  •  All outstanding unvested options awarded in 2007 would immediately vest if the Named Executive Officer had attained the age of 65 and completed five or more years of continuous employment;
 
  •  All outstanding RSUs awarded prior to 2007 would immediately vest and become nonforfeitable;
 
  •  All outstanding RSUs awarded in 2007 would immediately vest and become nonforfeitable if the Named Executive Officer had attained the age of 65 and completed five or more years of continuous employment;
 
  •  All outstanding RSUs awarded in 2007 would vest pro-rata based upon the time employed in the year of termination relative to the deferral period of the RSUs, if the sum of the Named Executive Officer’s age and years of continuous employment equals or exceeds 70; and
 
  •  Pro-rata performance share earnouts, as described above.
 
Payments Made
Upon Retirement



 



In the event of the retirement of a Named Executive Officer at
or after the earliest voluntary retirement age, in addition to
the benefits identified above under “Voluntary or
Involuntary With Cause
” and “Involuntary
Without Cause,
” he would also be entitled to the
following:


 


































































  • 

All outstanding unvested options awarded prior to 2007 would
immediately vest;
 
  • 

All outstanding unvested options awarded in 2007 would
immediately vest if the Named Executive Officer had attained the
age of 65 and completed five or more years of continuous
employment;
 
  • 

All outstanding RSUs awarded prior to 2007 would immediately
vest and become nonforfeitable;
 
  • 

All outstanding RSUs awarded in 2007 would immediately vest and
become nonforfeitable if the Named Executive Officer had
attained the age of 65 and completed five or more years of
continuous employment;
 
  • 

All outstanding RSUs awarded in 2007 would vest pro-rata based
upon the time employed in the year of termination relative to
the deferral period of the RSUs, if the sum of the Named
Executive Officer’s age and years of continuous employment
equals or exceeds 70; and
 
  • 

Pro-rata performance share earnouts, as described above.


 




This excerpt taken from the DBD DEF 14A filed Mar 19, 2007.
Payments Made Upon Retirement
 
In the event of the retirement of a Named Executive Officer at or after the earliest voluntary retirement age, where such executive commences taking benefits under a company-sponsored retirement plan, in addition to the benefits identified above under “Voluntary or Involuntary With Cause” and “Involuntary Without Cause,” he would also be entitled to the following:
 
•  All outstanding unvested options would immediately vest;
 
•  All outstanding RSUs would immediately vest and become nonforfeitable; and
 
•  Pro-rata performance share earnouts, as described above.
 
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