UPS » Topics » D. Scott Davis

This excerpt taken from the UPS DEF 14A filed Mar 19, 2007.
D. Scott Davis
 
                                                 
    Termination
          Early
    Normal
             
    (Voluntary or
    Change in
    Retirement
    Retirement
             
    Involuntary)($)     Control($)     (Age 55)($)     (Age 65)($)     Death($)     Disability($)  
Accelerated Vesting of Equity Awards:
                                               
MIP (RSUs)
          185,426       185,426       185,426       185,426       185,426  
LTI (Stock Options)
          256,690       256,690       256,690       256,690       256,690  
LTI (RPUs)
          1,582,383       1,582,383       1,582,383       1,582,383       1,582,383  
LTIP (RSUs)
          302,394       302,394       302,394       302,394       302,394  
280G Tax Gross-up
                                   
Benefits and Perquisites:
                                               
Split Dollar Life Insurance(1)
                            3,435,157        
Incremental Non-Qualified Pension
                9,687                    
Post-retirement Medical(2)
                9,500                    
 
 
(1) Life insurance elected under the RPRO. See the 2006 Pension Benefits table above.
 
(2) Amount represents the accrued benefit credit available to use against the annual cost of the insurance premium paid by UPS. Credits are based on years of service, and unused portions do not carry over to the following year; however, the amount shown is renewed each year to apply against the annual premium.
 
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