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Sensata Technologies Holding N.V.'s SEC Filings

S-1/A
SENSATA TECHNOLOGIES HOLDING PLC filed this Form S-1/A on 03/09/2010
Entire Document
 


Table of Contents

Name

  

Type of Payment

   Termination
Without Cause
or Resignation
for Good
Reason
   Termination
Without Cause
or Resignation
for Good
Reason After
Change in
Control(1) ($)
   Death and
Disability(2)
($)

Martha Sullivan

   Base Salary    420,000    420,000    N/A
   Bonus    —      —      —  
   Accelerated Vesting    N/A    N/A    N/A
   Health and Welfare Benefits    14,030    14,030    N/A
                 
           Total    434,030    434,030    —  

Martin Carter

   Base Salary    325,020    325,020    N/A
   Bonus    —      —      —  
   Accelerated Vesting    N/A    N/A    N/A
   Health and Welfare Benefits    15,853    15,853    N/A
                 
           Total    340,873    340,873    —  

Steve Major

   Base Salary    276,480    276,480    N/A
   Bonus    —      —      —  
   Accelerated Vesting    N/A    N/A    N/A
   Health and Welfare Benefits    16,883    16,883    N/A
                 
           Total    293,363    293,363    —  

Richard Dane

   Base Salary    236,616    236,616    N/A
   Bonus    —      —      —  
   Accelerated Vesting    N/A    N/A    N/A
   Health and Welfare Benefits    11,366    11,366    N/A
                 
           Total    247,982    247,982    —  

 

(1)   A change in control, without a termination of employment, will not trigger any severance payments but will result in immediate vesting of all stock options if the Sponsors dispose of or sell more than 50% of their total voting power or economic interest in the Company to one or more independent parties. Any payments or equity due upon a change in control and subsequent termination of employment, either without cause or for good reason (as defined in the relevant employment agreement) is included in the “Termination Without Cause or for Good Reason After Change in Control” column of this table.
(2)   In the event of death and disability, the Named Executive Officer is entitled to receive (i) his or her Base Salary through the date of termination and (ii) any bonus amounts to which the Named Executive Officer is entitled, determined by reference to the number of years that ended on or prior to the date of termination.
(3)   Represents an amount equal to two times Mr. Wroe’s current annual base salary of $575,040. In the event of termination of Mr. Wroe’s employment by us without cause or his resignation for good reason, he is entitled to receive severance in an amount equal to two times his annual base salary at the time of his termination to be paid in accordance with our general payroll practices over the two-year period immediately following the date his employment is terminated.
(4)   Represents an amount equal to the sum of the annual bonus paid to Mr. Wroe in each of the two years immediately preceding the date he is terminated, to be paid in accordance with our general payroll practices over the two-year period immediately following the date his employment is terminated.
(5)   If the Named Executive Officer’s employment ceases due to his or her death or disability, then any unvested time vesting options held by such Named Executive Officer that were otherwise scheduled to vest through the first anniversary of cessation would be deemed to be vested.

 

Termination without cause or resignation for good reason. Pursuant to the terms of the employment agreements with our Named Executive Officers, if any of our Named Executive Officers other than Mr. Wroe is terminated by us without “cause,” or if such Named Executive Officer terminates his or her employment with us for “good reason” (as those terms are defined in the agreement) during the employment term, the Named Executive Officer will be entitled to (i) a severance payment equal to one year of his or her annual base salary

 

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