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PBI » Topics » Death

This excerpt taken from the PBI DEF 14A filed Mar 26, 2009.

Death

The named executive officer’s beneficiary would be entitled to the following upon the executive’s death:

 

 

 

 

•

A prorated annual incentive award.

47

 

 

 

 

•

Prorated CIU payments at the end of each three-year cycle.

 

 

 

 

•

All stock options will vest upon death. The named executive officer’s beneficiary can exercise stock options during the remaining term of the grant.

 

 

 

 

•

Restrictions on outstanding shares of restricted stock will be removed.

 

 

 

 

•

Life insurance of one times base salary for U.S. executives and three times pensionable salary for Mr. Keddy.
This excerpt taken from the PBI DEF 14A filed Mar 27, 2008.

Death

The named officer’s beneficiary would be entitled to the following upon the executive’s death:

  • A prorated annual incentive award.

  • Prorated CIU payments at the end of each three-year cycle.

  • All stock options will vest upon death. The named officer’s beneficiary can exercise options during the remaining term of the grant.

51

  • Restrictions on outstanding shares of restricted stock will be removed.

This excerpt taken from the PBI DEF 14A filed Apr 3, 2007.

Death

The executive officer’s beneficiary would be entitled to the following upon the executive’s death:

  • A prorated annual incentive award.

  • Prorated CIU payments at the end of each three-year cycle.

59

  • All stock options will vest upon death. The executive officer’s beneficiary can exercise options during the remaining term of the grant.

  • Restrictions on outstanding shares of restricted stock will be removed.

EXCERPTS ON THIS PAGE:

DEF 14A
Mar 26, 2009
DEF 14A
Mar 27, 2008
DEF 14A
Apr 3, 2007

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