TDC » Topics » Reduction-in-Force Severance; Termination without Cause or Termination for Good Reason

This excerpt taken from the TDC DEF 14A filed Mar 3, 2008.

Reduction-in-Force Severance; Termination without Cause or Termination for Good Reason

Based on the above, each Named Executive Officer would have been entitled to the following estimated payments and benefits from Teradata if, on December 31, 2007, the Company terminated the executive’s employment without “cause” (or in connection with a reduction-in-force) or the executive terminated his employment for “good reason,” in each case either prior to, or more than two years after, a change in control.

 

Executive    Cash ($) (1)    Restricted Stock &
Performance-
Based Shares ($) (2)
   Welfare
Benefits ($)
   Out-
placement
Counseling ($)
   Total ($)

Michael Koehler

   2,100,000    391,649    $ 7,029    10,000    2,518,678

Stephen Scheppmann

   0    83,269      —      10,000    93,269

Robert Young

   0    33,886      —      10,000    43,886

Bruce Langos

   0    227,841      —      10,000    237,841

Daniel Harrington

   0    336,605      —      10,000    346,605

Robert Fair

   0    251,858      —      10,000    261,858

 

(1) The cash severance payment would be payable to Mr. Koehler under the terms of his offer letter.

 

(2) Equity valuations are based on a closing price of Teradata stock on December 31, 2007 of $27.41. Equity awards vest only on a reduction-in-force, and not for termination without cause or for good reason.
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