2013-proxy-statement-for-walmart-stores-inc_130221025125760317

Awards held by our neos provide that any shares that

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awards held by our NEOs provide that any Shares that would have vested within 90 days of his or her termination of employment due to death or disability would immediately vest. Upon termination of employment for any other reason, unvested restricted stock does not vest and is forfeited. The following table shows the value, as of January 31, 2013, of all unvested restricted stock that would have vested upon an NEO’s death or disability on January 31, 2013 (based on the closing price of a Share on the NYSE on January 31, 2013, of $69.95): Upon Death ($) Upon Disability ($) Michael T. Duke 17,938,957 0 Charles M. Holley, Jr. 4,356,696 674,108 William S. Simon 1,662,222 922,151 C. Douglas McMillon 10,492,850 0 Rosalind G. Brewer 240,138 240,138 Performance shares. Certain performance shares held by our NEOs provide that in the event of the NEO’s death after 10 years of service to our company, his or her performance shares would vest in an amount equal to the number that would have vested at the end of the applicable performance cycle. Additionally, certain performance share awards provide that if an NEO’s employment terminates by reason of disability or by reason of death prior to completing 10 years of service to our company, a prorated portion of his or her performance shares would vest, based upon the number of full calendar months during the applicable performance cycle during which the NEO was employed. Upon termination of employment for any other reason, unvested performance shares generally do not vest and are forfeited. The following table shows the estimated value, as of January 31, 2013, of all performance shares that would have vested upon an NEO’s death or disability on January 31, 2013 (based on the closing price of a Share on the NYSE on January 31, 2013, of $69.95 and assuming that target performance goals are achieved for each grant of performance shares): Upon Death ($) Upon Disability ($) Michael T. Duke 35,702,480 12,468,588 Charles M. Holley, Jr. 8,021,656 2,582,134 William S. Simon 4,704,347 4,704,347 C. Douglas McMillon 16,994,842 5,801,793 Rosalind G. Brewer 2,283,937 2,283,937 The CNGC has discretion to accelerate the vesting of any equity awards and to make other payments or grant other benefits upon a retirement or other severance from our company. Our NEOs also participate in our company’s deferred compensation plans, the general terms of which are described in the CD&A and “Walmart’s Deferred Compensation Plans” above. Upon termination of employment, the NEOs would generally be entitled to the balances in their deferred compensation accounts as disclosed in the Fiscal 2013 Nonqualified Deferred Compensation table above. The timing of each NEO’s receipt of such deferred compensation balances would be determined by the terms of the company’s deferred compensation plans and the deferral elections previously made by our NEOs. See “Fiscal 2013 Nonqualified Deferred Compensation” above for information regarding the aggregate deferred compensation totals for each NEO as of January 31, 2013.
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  • Fall '14
  • Gabisch
  • ........., Wal-Mart Stores

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