Table:
| Type of Payment | Termination by Systemax without “Cause” or Resignation by Employee for “good reason” ($) | Termination Due to Death or Total Disability ($) Termination Due to Death or Total Disability ($) Termination Due to Death or Total Disability ($) | Change In Control Only ($) | Termination by Systemax without “Cause” or Resignation by Employee for “good reason” within a certain period of time following a Change in Control ($) |
| --- | --- | --- | --- | --- |
| Cash Compensation (Salary & Non-Equity Incentive Compensation Cash Compensation (Salary & Non-Equity Incentive | - | - | - | - |
| Value of Accelerated Vesting of Stock Option Awards | - | - | - | 74,100 (1) |
| Value of Accelerated Vesting of Restricted Stock Unit Awards | - | - | - | - |
| Value of Accelerated Vesting of Performance Restricted Stock Unit Awards | - - | 204,000 (2) | - | 204,000 (2) |
| Medical and Other Benefits | - | - | - | - |
| Total | - | 204,000 | - | 278,100 |
Paragraphs:
Manoj Shetty
(1) Represents accelerated vesting of 20,687 stock options. Pursuant to Mr. Shetty's stock option agreement (January 17, 2019), if Mr.
Shetty’s employment is terminated without cause or for good reason within six months following a “change in control”, he will become
immediately vested in all outstanding unvested stock options, and all of Mr. Shetty’s outstanding options shall remain exercisable in
accordance with their terms, but in no event for less than 90 days after such termination
(2) Represents accelerated vesting of 8,107 unvested performance restricted stock units. Pursuant to Mr. Shetty's performance restricted
stock unit agreement (dated January 17, 2019), if Mr. Shetty’s employment is terminated without cause or for good reason within six
months following a “change in control” or if Mr. Shetty's employment is terminated due to death or total disability, all non-vested units
shall accelerate and be vested as of the date of termination.
Question:
What is the value of stock option awards as a percentage of the total payment for termination by Systemax without “Cause” within a certain period of time following a change in control?
Answer: 74100/278100  = 26.65