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VRSN » Topics » Change-in-Control Benefit Estimates as of December 31, 2007

This excerpt taken from the VRSN DEF 14A filed Apr 15, 2008.

Change-in-Control Benefit Estimates as of December 31, 2007

 

    Value of Accelerated
Cash Compensation
Benefits ($)(1)		     Value of Accelerated
Stock Awards ($)		   Value of Accelerated
Option Awards ($)

Named Executive Officer

   Change-in-
Control
Only		     Change-in-Control
plus Qualifying
Termination		     Change-in-
Control
Only		   Change-in-Control
plus Qualifying
Termination		   Change-in-
Control
Only		   Change-in-Control
plus Qualifying
Termination

William A. Roper, Jr.

   —       7,232,559 (2)   —     7,298,296   —     3,028,241

Albert E. Clement

   —       745,906     —     2,186,683   —     1,429,911

John M. Donovan

   —       1,055,678     —     3,032,570   —     2,758,525

Aristotle N. Balogh

   —       790,929     —     2,469,322   —     1,918,957

Robert J. Korzeniewski

   —       849,825     —     1,940,864   —     1,423,697

Stratton D. Sclavos

   1,969,380 (3)   1,969,380 (3)   —     —     —     —  

Dana L. Evan

   —       —       —     —     —     —  

Mark D. McLaughlin

   —       —       —     —     —     —  

 

(1)   To the extent any payments made as a result of the change-in-control constitute deferred compensation subject to Section 409A of the Code, such payments will not be made until six months after separation from service.
(2)   Pursuant to the terms of Mr. Roper’s CEO Agreement, includes fully grossed-up payment of $3,705,979 for the amount of estimated tax and interest incurred.
(3)   Sclavos Agreement provides for acceleration of all payments outstanding upon any change-in-control of the Company. Amount represents second installment severance payment due to be paid June 15, 2008.
This excerpt taken from the VRSN 10-K filed Feb 29, 2008.

Change-in-Control Benefit Estimates as of December 31, 2007

 

    Value of Accelerated
Cash Compensation Benefits ($) (1)		     Value of Accelerated
Stock Awards ($)		   Value of Accelerated
Option Awards ($)

Named Executive Officer

   Change-in-
Control
Only		     Change-in-Control
plus Qualifying
Termination		     Change-in-
Control
Only		   Change-in-Control
plus Qualifying
Termination		   Change-in-
Control
Only		   Change-in-Control
plus Qualifying
Termination

William A. Roper, Jr.

   —       7,232,559 (2)   —     7,298,296   —     3,028,241

Albert E. Clement

   —       745,906     —     2,186,683   —     1,429,911

John M. Donovan

   —       1,055,678     —     3,032,570   —     2,758,525

Aristotle N. Balogh

   —       790,929     —     2,469,322   —     1,918,957

Robert J. Korzeniewski

   —       849,825     —     1,940,864   —     1,423,697

Stratton D. Sclavos

   1,969,380 (3)   1,969,380 (3)   —     —     —     —  

Dana L. Evan

   —       —       —     —     —     —  

Mark D. McLaughlin

   —       —       —     —     —     —  

 

(1) To the extent any payments made as a result of the change-in-control constitute deferred compensation subject to Section 409A of the Code, such payments will not be made until six months after separation from service.
(2) Pursuant to the terms of Mr. Roper’s Change-in-Control and Retention Agreement, includes fully grossed-up payment of $3,705,979 for the amount of estimated tax and interest incurred.
(3) Sclavos Agreement provides for acceleration of all payments outstanding upon any change-in-control of the Company. Amount represents second installment severance payment due to be paid June 15, 2008.

 

EXCERPTS ON THIS PAGE:

DEF 14A
Apr 15, 2008
10-K
Feb 29, 2008

RELATED TOPICS for VRSN:

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