54 / 72
(5)
This amount represents certain relocation expenses of Mr. Crawford’s paid by the Company, including $15,000 cash payment for
relocation and $10,801 for duplicate housing.
(6)
Amounts included in the Other column for Messrs. Daniel P. Amos, Crawford and Cloninger are charges for guest travel in the
amount of $11,408, $2,425 and $13,000, respectively. Messrs. Cloninger and Paul S. Amos II incurred expenses for the use of
Company automobile transportation in the U.S.
(7)
Other than tax gross-ups reflected in the tax related reimbursements, the Company did not gross up for tax purposes any of the
other perquisites described in this table.
2015 GRANTS OF PLAN-BASED AWARDS
(1)
The amounts shown in Estimated Possible Payouts Under Non-Equity Incentive Plan Awards reflect the payout levels for the
NEOs under the Company’s MIP, based on the achievement of certain performance goals approved by the Compensation
Committee. With respect to each Company performance goal, a minimum, target and maximum performance level is specified,
the attainment of which determines the amount paid for each performance goal. Base salary is typically the smallest component
of total compensation for the NEOs, as the majority of their total compensation is based on performance awards on a cash and
equity basis.
(2)
The amounts shown under Estimated Future Payouts Under Equity Incentive Plan Awards reflect the number of PBRS, which
incorporate restrictions that will lapse upon the attainment of performance goals as set by the Compensation Committee. Awards
vest on the third anniversary of the award, based on the attainment of the three-year cumulative target performance goal for RBC
ratios of Aflac. Each year a credit will be earned with a minimum of 50% and maximum of 150% as measured at each year-end.
The final award will be the arithmetic average of the credit earned each year with a maximum payout not to exceed 100%. All
NEOs possess the same rights as all other holders of Common Stock in respect of the shares underlying the PBRS, including all
incidents of ownership with respect to the shares (exclusive of the right to transfer the shares while they remain subject to
forfeiture) and the right to vote such shares. The dividends accrued on the award shares will be reinvested in Common Stock at
the same dividend rate as other holders of Common Stock and held as additional restricted shares in the book entry account
subject to the same terms and conditions attributable to the original grant, until such time as all restrictions have lapsed on the
shares of Common Stock with respect to which the dividend was accrued.
Grant
Name
Date
Threshold Target
Maximum Threshold Target Maximum
($)
($)
($)
(#)
(#)
(#)
(#)
($/Sh)
($)
2/10/2015
— — — 39,274 78,548 78,548
— — 4,800,556
N/A 1,585,210 3,170,420 6,340,840
— — — — —
—
7/1/2015
— — — 6,792 13,583 13,583
— — 847,987
7/1/2015
— — — — — — 21,348 62.43 211,994
N/A 225,379 450,758 901,515
— — — — —
—
2/10/2015
— — — 24,551 49,101 49,101
— — 3,017,256
N/A 731,250 1,462,500 2,925,000
— — — — —
—
2/10/2015
— — — 8,894 17,787 17,787
— — 1,093,011
2/10/2015
— — — — — — 26,306 61.45 257,128
N/A 423,688 847,375 1,694,750
— — — — —
—
2/10/2015
— — — 7,790 15,580 15,580
— — 957,391
2/10/2015
— — — — — — 24,487
61.45 239,348
N/A 593,800 1,187,600 2,375,200
— — — — —
—
Paul S. Amos II
Kriss Cloninger III
Eric M. Kirsch
Daniel P. Amos
Frederick J. Crawford
The following table provides information with respect to the 2015 grants of plan-based awards for the NEOs.
Estimated Possible Payouts
Under Non-Equity
Incentive Plan Awards
(1)
Estimated Future
Payouts
Under Equity
Incentive Plan Awards
(2)
All other
Option
Awards:
Number of
Securities
Underlying
Options
Exercise
or Base
Price of
Option
Awards
Grant
Date
Fair Value
of Stock
and
Option
Awards
47