| Cash Option ($21 Million) |
Gross
Cash Payment |
25% Federal
Withholding |
No State
Withholding |
Lump-Sum
Net Payment |
| $21,000,000.00 |
-$5,250,000.00 |
-$0.00 |
$15,750,000.00 |
| Annuity ($30 Million in 30 Annual Payments) |
| Yr |
Annual Gross Payment |
25% Federal
Withholding |
No State
Withholding |
Annual
Net Payment |
| 1 |
$450,000.00 |
-$112,500.00 |
-$0.00 |
$337,500.00 |
| 2 |
$472,589.68 |
-$118,147.42 |
-$0.00 |
$354,442.26 |
| 3 |
$496,313.35 |
-$124,078.34 |
-$0.00 |
$372,235.01 |
| 4 |
$521,227.92 |
-$130,306.98 |
-$0.00 |
$390,920.94 |
| 5 |
$547,393.19 |
-$136,848.30 |
-$0.00 |
$410,544.90 |
| 6 |
$574,871.94 |
-$143,717.99 |
-$0.00 |
$431,153.96 |
| 7 |
$603,730.11 |
-$150,932.53 |
-$0.00 |
$452,797.58 |
| 8 |
$634,036.93 |
-$158,509.23 |
-$0.00 |
$475,527.70 |
| 9 |
$665,865.13 |
-$166,466.28 |
-$0.00 |
$499,398.85 |
| 10 |
$699,291.09 |
-$174,822.77 |
-$0.00 |
$524,468.31 |
| 11 |
$734,395.00 |
-$183,598.75 |
-$0.00 |
$550,796.25 |
| 12 |
$771,261.11 |
-$192,815.28 |
-$0.00 |
$578,445.83 |
| 13 |
$809,977.87 |
-$202,494.47 |
-$0.00 |
$607,483.40 |
| 14 |
$850,638.18 |
-$212,659.55 |
-$0.00 |
$637,978.64 |
| 15 |
$893,339.61 |
-$223,334.90 |
-$0.00 |
$670,004.71 |
| 16 |
$938,184.63 |
-$234,546.16 |
-$0.00 |
$703,638.47 |
| 17 |
$985,280.83 |
-$246,320.21 |
-$0.00 |
$738,960.62 |
| 18 |
$1,034,741.22 |
-$258,685.31 |
-$0.00 |
$776,055.92 |
| 19 |
$1,086,684.50 |
-$271,671.12 |
-$0.00 |
$815,013.37 |
| 20 |
$1,141,235.29 |
-$285,308.82 |
-$0.00 |
$855,926.46 |
| 21 |
$1,198,524.48 |
-$299,631.12 |
-$0.00 |
$898,893.36 |
| 22 |
$1,258,689.56 |
-$314,672.39 |
-$0.00 |
$944,017.17 |
| 23 |
$1,321,874.88 |
-$330,468.72 |
-$0.00 |
$991,406.16 |
| 24 |
$1,388,232.06 |
-$347,058.02 |
-$0.00 |
$1,041,174.05 |
| 25 |
$1,457,920.32 |
-$364,480.08 |
-$0.00 |
$1,093,440.24 |
| 26 |
$1,531,106.89 |
-$382,776.72 |
-$0.00 |
$1,148,330.17 |
| 27 |
$1,607,967.36 |
-$401,991.84 |
-$0.00 |
$1,205,975.52 |
| 28 |
$1,688,686.18 |
-$422,171.55 |
-$0.00 |
$1,266,514.64 |
| 29 |
$1,773,457.03 |
-$443,364.26 |
-$0.00 |
$1,330,092.77 |
| 30 |
$1,862,483.31 |
-$465,620.83 |
-$0.00 |
$1,396,862.48 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$30,000,000.00 |
-$7,500,000.00 |
-$0.00 |
$22,500,000.00 |
|
