| Cash Option ($15.3 Million) |
Gross
Cash Payment |
25% Federal
Withholding |
5% State
Withholding |
Lump-Sum
Net Payment |
| $15,300,000.00 |
-$3,825,000.00 |
-$765,000.00 |
$10,710,000.00 |
| Annuity ($26 Million in 30 Annual Payments) |
| Yr |
Annual Gross Payment |
25% Federal
Withholding |
5% State
Withholding |
Annual
Net Payment |
| 1 |
$463,582.58 |
-$115,895.64 |
-$23,179.13 |
$324,507.80 |
| 2 |
$482,125.88 |
-$120,531.47 |
-$24,106.29 |
$337,488.12 |
| 3 |
$501,410.92 |
-$125,352.73 |
-$25,070.55 |
$350,987.64 |
| 4 |
$521,467.35 |
-$130,366.84 |
-$26,073.37 |
$365,027.15 |
| 5 |
$542,326.05 |
-$135,581.51 |
-$27,116.30 |
$379,628.23 |
| 6 |
$564,019.09 |
-$141,004.77 |
-$28,200.95 |
$394,813.36 |
| 7 |
$586,579.85 |
-$146,644.96 |
-$29,328.99 |
$410,605.90 |
| 8 |
$610,043.05 |
-$152,510.76 |
-$30,502.15 |
$427,030.13 |
| 9 |
$634,444.77 |
-$158,611.19 |
-$31,722.24 |
$444,111.34 |
| 10 |
$659,822.56 |
-$164,955.64 |
-$32,991.13 |
$461,875.79 |
| 11 |
$686,215.46 |
-$171,553.87 |
-$34,310.77 |
$480,350.82 |
| 12 |
$713,664.08 |
-$178,416.02 |
-$35,683.20 |
$499,564.86 |
| 13 |
$742,210.64 |
-$185,552.66 |
-$37,110.53 |
$519,547.45 |
| 14 |
$771,899.07 |
-$192,974.77 |
-$38,594.95 |
$540,329.35 |
| 15 |
$802,775.03 |
-$200,693.76 |
-$40,138.75 |
$561,942.52 |
| 16 |
$834,886.03 |
-$208,721.51 |
-$41,744.30 |
$584,420.22 |
| 17 |
$868,281.47 |
-$217,070.37 |
-$43,414.07 |
$607,797.03 |
| 18 |
$903,012.73 |
-$225,753.18 |
-$45,150.64 |
$632,108.91 |
| 19 |
$939,133.24 |
-$234,783.31 |
-$46,956.66 |
$657,393.27 |
| 20 |
$976,698.57 |
-$244,174.64 |
-$48,834.93 |
$683,689.00 |
| 21 |
$1,015,766.51 |
-$253,941.63 |
-$50,788.33 |
$711,036.56 |
| 22 |
$1,056,397.17 |
-$264,099.29 |
-$52,819.86 |
$739,478.02 |
| 23 |
$1,098,653.06 |
-$274,663.27 |
-$54,932.65 |
$769,057.14 |
| 24 |
$1,142,599.18 |
-$285,649.80 |
-$57,129.96 |
$799,819.43 |
| 25 |
$1,188,303.15 |
-$297,075.79 |
-$59,415.16 |
$831,812.21 |
| 26 |
$1,235,835.28 |
-$308,958.82 |
-$61,791.76 |
$865,084.69 |
| 27 |
$1,285,268.69 |
-$321,317.17 |
-$64,263.43 |
$899,688.08 |
| 28 |
$1,336,679.44 |
-$334,169.86 |
-$66,833.97 |
$935,675.61 |
| 29 |
$1,390,146.61 |
-$347,536.65 |
-$69,507.33 |
$973,102.63 |
| 30 |
$1,445,752.48 |
-$361,438.12 |
-$72,287.62 |
$1,012,026.73 |
| |
Total Gross
Payment |
Total Federal
Withholding |
Total State
Withholding |
Total Annual
Net Payment |
| |
$26,000,000.00 |
-$6,500,000.00 |
-$1,300,000.00 |
$18,200,000.00 |
|
