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This excerpt taken from the ITW DEF 14A filed Mar 25, 2009. Disability
or Death
In the event a named executive officer becomes permanently
disabled or dies, the named executive officer would be eligible
for the same maximum payments under these plans as those
described above under “Involuntary Termination upon a
Corporate Change.”
This excerpt taken from the ITW DEF 14A filed Mar 24, 2008. Disability
or Death
In the event a named executive officer becomes permanently
disabled or dies, the named executive officer would be eligible
for the same maximum payments under these plans as those
described above under “Involuntary Termination upon a
Corporate Change.”
Table of Contents
This excerpt taken from the ITW DEF 14A filed Mar 23, 2007. Disability
or Death
In the event a named executive officer becomes permanently
disabled or dies, in addition to payments under the ECRIP as
mentioned above, under the Executive Incentive Plan they would
be entitled to a lump sum earned compensation payment determined
as if the participant had remained employed for the entire
fiscal year, prorated for the number of days in the fiscal year
that have elapsed as of the date of their permanent disability
or death. In addition, all of his or her unvested stock option
awards received under the 1996 Stock Incentive Plan would
immediately vest. The named executive officers would be eligible
for the same maximum payments under these plans as those
referenced above under Involuntary Termination upon a Corporate
Change.
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