Patrick Vaughan, executive vice president
Value of stock in the company: $1.37 million Change-of-control payment: $1.89 million Accelerated stock options: $147,076 Stock option cancellations: $87,212
Vaughan also has an employment agreement with Royal Bank's Minneapolis-based money manager RBC Dain Rauscher Inc., which could be worth at least $4.1 million if he stays with the firm for at least four years.
Among the compensation under that deal, which includes the change-of-control payment:
$850,000 in base salary and bonus annually for the first two years
$325,000 loan that will be forgiven after three years if he remains at the firm
$325,000 contribution to a company "wealth accumulation plan" that vests after four years * Stock values, which include options, are based on number of shares owned and priced at $223.85 each. That's the approximate midrange value outlined in the deal. If it is approved, Ferris shareholders would exchange their privately held stock for shares of Royal Bank of Canada.
[Source: SEC documents]
