NDAQ » Topics » Estimated Annual Benefits and Lump Sums

This excerpt taken from the NDAQ DEF 14A filed Apr 21, 2006.

Estimated Annual Benefits and Lump Sums

 

    Normal Retirement

  Unreduced Early Retirement

  Earliest Retirement

Name


  Age

  Service

  Benefit

  Lump
Sum


  Age

  Service

  Benefit

  Lump
Sum


  Age

  Service

  Benefit

  Lump
Sum


Robert Greifeld

  65   19.25   612,060   6,156,771   62   16.25   631,423   6,745,930   55.75   10.00   564,251   6,675,433

David Warren

  65   18.25   247,657   2,491,200   62   15.25   260,881   2,787,175   56.75   10.00   245,820   2,867,109

Edward Knight

  65   16.58   264,320   2,658,813   62   13.58   277,823   2,968,181   55   6.58   172,270   2,575,599

Christopher Concannon

  65   29.42   146,476   1,473,408   62   26.42   157,085   1,678,254   55   19.42   143,992   1,721,032

Adena Friedman

  65   41.17   107,334   1,079,681   62   38.17   117,990   1,260,570   55   31.17   113,220   1,353,232

 

The calculations are based on the following assumptions:

 

    No future increases in base pay IRS limits set forth in Section 401(a)(17) of the Code or Social Security covered compensation as defined in Section 401(I)(4)(E) of the Code;

 

    Lump sum interest calculated based on a rate of 7.0% per year (4.68% for Mr. Knight’s earliest age, which he reached in 2006) and mortality table of GAR 94 as specified by the IRS;

 

    Future incentive compensation equal to 100% of base pay for President and 75% of base pay for other named executive officers;

 

    Earliest retirement age of 55 for Edward Knight as specified in his employment agreement.

 

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