UMBF » Topics » Upon Death, Disability or Qualified Retirement
This excerpt taken from the UMBF DEF 14A filed Mar 17, 2008.
Upon Death, Disability or
Acceleration of Non-qualified Options (6)
Acceleration of Qualified Options (7)
Total of all columns
J. Mariner Kemper
Michael D. Hagedorn
Peter J. deSilva
Peter J. Genovese
Clyde F. Wendel
This amount is payable to Mr. deSilva upon a change in control prior to January 20, 2009 and the subsequent termination of employment within one year after the change in
This amount is payable to Mr. Wendel upon a change in control if it occurred prior to June 26, 2008.
These amounts would be payable to the Executives under the Short-Term Plan, based on the extent to which the Executives did in fact achieved their 2007 performance goals at the
actual levels determined by the Committee on January 21, 2008.
These amounts reflect the value of non-qualified options, performance-based restricted stock and service-based restricted stock under the Long-Term Plan that vest on an accelerated
basis upon a change in control (non-qualified options vest 100% upon a change in control, with values based on the amount by which they were in the money as of December 31, 2007; service-based and performance-based restricted stock
values is based on the stock price on December 31, 2007 (the vesting of the service-based restricted stock accelerates 100% upon a change in control, while the vesting of performance-based restricted stock accelerates pro-rata based on the extent to
which the respective performance standard has been accomplished). This computation assumes that 100% of the performance standard for the 2005 grants had been achieved, that 76.9% of the performance standard for the 2006 grant had been achieved, and
that 32.22% of the 2007 grant had been achieved.
These amounts reflect the value of options under the Long Term Plan that were already fully vested (but not exercised) as of December 31, 2007. The values are listed solely to
reflect the value that would be available to the Executives on December 31, 2007 irrespective of the occurrence of a change in control.
These amounts represent acceleration of vesting, upon death or disability, or qualified retirement, of all non-qualified options granted under the Long-Term Plan in 2005, 2006 or
2007; the value of such options is deemed to be equal to the amount that they were in the money as of December 31, 2007.
These amounts reflect acceleration of vesting, upon death or disability, or qualified retirement, of options granted under the 2002 Plan and not otherwise yet vested, based on the
market value price of the stock on December 31, 2007.
How risky is your portfolio?
Remember that 401k from 2 jobs ago?
Taking on too much risk? Too little risk? Have no idea?
Skip the spreadsheet. Track your investments automatically.
We tally your portfolio fees so you don't have to.
You're probably paying higher fees than you think.
Translate your investment accounts from Martian to English.