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2004
146
Long Term
Compensation
Awards Payouts
Annual Compensation
Securities
Name Other Annual Underlying LTIP All Other
And Principal Salary Bonus Compensation Options Payouts Compensation
Position Year ($) ($)(1) ($) (#) (#) ($)
W.A. Owens*
President and Chief
Executive Officer
2004
2003
2002
681,818
–
–
–
–
–
–
–
–
–
–
–
–
–
–
70,298(2)
–
–
P. Debon**
President, Carrier
Networks
2004
2003
2002
590,000
590,000
537,143
–
743,400(6)
1,475,000(8)(9)
–
10,445(3)
–
–
–
–
250,000
–
90,000(7)
745,000(10)
–
85,577(4)(5)
92,346(4)(5)
125,875(4)(5)(11)
B.W. McFadden**
Chief Technology Officer
2004
2003
2002
530,000
501,667
458,545
–
528,675(6)
1,291,000(8)(9)
–
–
–
–
–
–
250,000
–
90,000(7)
745,000(10)
–
38,601(12)(13)
65,430(12)(13)
16,503(12)(13)
S.L. Spradley**
President, Global
Operations
2004
2003
2002
530,000
496,667
354,275
–
609,325(6)
1,285,000(8)(9)
–
–
–
–
–
–
291,999(15)
–
575,000(10)
–
6,500(14)
6,000(14)
5,500(14)
N.J. DeRoma
Chief Legal Officer
2004
2003
2002
526,000
526,000
526,000
–
524,685(6)
1,315,000(8)(9)
–
–
–
24,038(13)(16)
–
–
250,000
–
135,000(7)
535,000(10)
–
31,960(12)(13)
54,494(12)(13)
17,885(12)(13)
F.A. Dunn*
Former President and
Chief Executive Officer
2004
2003
2002
417,043(17)
868,750
825,000
–
–(18)
3,540,000(8)(19)
–
–
–
–
–
–
750,000(20)
–
225,000(7)
745,000(10)(19)
–
9,138(12)(13)
26,145(12)(13)
24,747(12)(13)
*
On April 27, 2004, Mr. Dunn’s employment as President and Chief Executive Officer of the Company and Nortel Networks Limited was terminated for cause and
Mr. Owens was a
pp
ointed President and Chief Executive Officer of the Com
p
an
y
and Nortel Networks Limited.
** Prior to the change in positions effective October 1, 2004 in accordance with the corporate reorganization announced by the Company on August 19, 2004, Messrs. Debon
and McFadden and Ms. Spradley held, respectively, the positions of: President, Wireless Networks; President, Optical Networks; and President, Wireline Networks.
(1) Incentive cash awards for each fiscal year under the Nortel Networks Limited SUCCESS Incentive Plan (or SUCCESS Plan), including payments made in connection with
the “Return to Profitability” bonus program component of that plan, in respect of each of the fiscal years, whether or not deferred by the named executive officer. On
April 27, 2004, the Company and Nortel Networks Limited terminated for cause the employment of each of its then president and chief executive officer, chief financial
officer and controller. On August 19, 2004, the Company announced that seven individuals with, or who had, significant responsibilities for financial reporting at the line
of business and regional levels were terminated for cause. Nortel Networks has demanded from these individuals repayment of any payments made under bonus plans in
respect of 2003, including any awards under the SUCCESS Plan. See footnotes (8) and (19) below.
(2) Represents contributions under the Nortel Networks Long-Term Investment Plan ($1,038), expatriate expenses related to Mr. Owens’ responsibilities as President and
Chief Executive Officer of the Company and Nortel Networks Limited ($43,588) and fees earned as a non-employee director prior to being appointed as President and
Chief Executive Officer of the Company and Nortel Networks Limited ($25,672). See “Compensation of directors”.