DATE OF REPORT | February 12, 2014 | |
(DATE OF EARLIEST EVENT REPORTED) | February 6, 2014 |
Delaware | 01-32665 | 20-3265614 |
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (IRS Employer Identification No.) |
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; |
Name | Position | Long-Term Cash Bonus (1) | |
Stanley C. Horton | President and Chief Executive Officer | $1,300,000 | |
Jamie L. Buskill | Senior Vice President, Chief Financial and Administrative Officer and Treasurer | $500,000 | |
Michael E. McMahon | Senior Vice President, General Counsel and Secretary | $400,000 | |
Jonathan E. Nathanson | Senior Vice President, Corporate Development | $400,000 |
(1) | Each Long-Term Cash Bonus award granted under the UAR and Cash Bonus Plan will vest and become payable on December 16, 2016, after the expiration of the Restricted Period (Vesting Date), subject to the Named Executive Officer remaining continuously employed until that date. In the event that (a) the executive’s service is terminated due to a death or disability prior to the Vesting Date, or (b) the Registrant incurs a change in control, and the executive's service is terminated within six months of that change in control due to a Qualified Termination (as defined in the form of grant), the Named Executive Officer will be eligible to receive a pro-rata portion of the Long-Term Cash Bonus based upon the number of days in the vesting period that the executive was employed. A Named Executive Officer’s retirement that occurs following one year after the grant date but prior to the Vesting Date will also result in a pro-rata portion of the Long-Term Cash Bonus becoming vested, subject to the executive’s continued compliance with certain noncompetition and nonsolicitation restrictions. |
Exhibit No. | Description | |
10.1 | Form of Grant for Cash Bonus Awards under the Boardwalk Pipeline Partners Unit Appreciation Rights and Cash Bonus Plan. |
BOARDWALK PIPELINE PARTNERS, LP | ||||
By: BOARDWALK GP, LP, | ||||
its general partner | ||||
By: BOARDWALK GP, LLC, | ||||
its general partner | ||||
By: /s/ Jamie L. Buskill | ||||
Jamie L. Buskill | ||||
Senior Vice President, Chief Financial and | ||||
Administrative Officer and Treasurer |