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Table of Contents 24 EXECUTIVE COMPENSATION Summary Compensation Table The following table summarizes all compensation awarded to, earned by or paid to each of the Company's NEOs during each of the last three years or such shorter period since he became an NEO. The additional tables that follow the Summary Compensation Table are intended to be supporting presentations to the Summary Compensation Table. Most compensation elements in the supporting tables are aggregated and included in the Summary Compensation Table. You should refer to the section entitled "Compensation Discussion and Analysis" beginning on page 9 to help you understand the compensation practices and programs resulting in the compensation elements in these tables. A narrative description of the material factors necessary to understand the information in the Summary Compensation Table is provided following the table. Name and Principal Position Year Salary ($) Bonus ($) Stock Awards ($) Option Awards ($) Non-Equity Incentive Plan Compensation ($) All Other Compensation ($) Total ($) Kevin A. Lobo 2014 1,055,000 0 3,249,982 3,231,527 1,320,188 263,450 9,120,147 Chairman, President and 2013 1,025,000 0 3,000,021 2,854,200 1,340,000 217,698 8,436,919 Chief Executive Officer 2012 585,417 79,971 5,928,655 1,792,267 465,421 376,423 9,228,154 William R. Jellison 2014 536,667 0 624,940 621,436 350,152 86,340 2,219,535 Vice President, Chief 2013 363,920 67,500 985,685 974,056 248,246 173,951 2,813,358 Financial Officer Timothy J. Scannell 2014 568,500 0 1,049,952 1,043,996 555,218 106,523 3,324,189 Group President, 2013 553,333 0 999,964 951,400 399,895 99,887 3,004,479 MedSurg and 2012 507,222 0 1,255,342 482,657 354,734 87,429 2,687,384 Neurotechnology Ramesh Subrahmanian 2014 526,667 0 800,040 795,502 288,218 515,117 2,925,544 Group President, 2013 512,500 0 749,941 713,588 345,171 874,850 3,196,050 International (1) 2012 500,000 0 1,110,301 374,159 246,090 551,534 2,782,084 David K. Floyd 2014 513,333 0 800,040 795,502 346,208 85,583 2,540,666 Group President, 2013 477,500 0 749,941 713,588 415,954 471,032 2,828,015 Orthopaedics ______________ (1) USD amounts in this proxy statement with respect to Mr. Subrahmanian have been calculated using average exchange rates (ranging from 1.2508 SGD to 1.2674 SGD per 1 USD) for each calendar quarter in 2014, as provided by the external firm that assists with the administration of our expatriate programs. Salary. The Salary column represents the base salary paid to the NEO during the reported year. This column includes the portion of salary payments deferred into our 401(k) Plan and Supplemental Plan. Bonus. The Bonus column reflects discretionary cash payments. The discretionary payment to Mr. Jellison in 2013 was a sign- on bonus in connection with his employment with the Company. The discretionary payment to Mr. Lobo in 2012 reflects his performance and the Company's performance after his promotion to President and Chief Executive Officer in October 2012. Payments under our individual NEO bonus plans pursuant to our Executive Bonus Plan are reflected in the Non-Equity Incentive Plan Compensation column and are discussed below under that heading. Stock Awards. The Stock Awards column represents the aggregate grant-date fair value of performance stock units, calculated in accordance with the Compensation — Stock Compensation Topic of the FASB Codification based on the target shares granted and the closing price of our Common Stock on the last trading day before the grant date. The grant-date fair value of the NEOs' 2014 performance stock unit awards, if earned at maximum levels, was $6,499,963, $1,249,881, $2,099,903, $1,600,081 and $1,600,081 for Mr. Lobo, Mr. Jellison, Mr. Scannell, Mr. Subrahmanian and Mr. Floyd, respectively. Option Awards. The Option Awards column represents the aggregate grant-date fair value of stock option awards calculated in accordance with the Compensation — Stock Compensation Topic of the FASB Codification. Stock option values are derived using the Black-Scholes option pricing model assumptions that are discussed under the heading "Grant-Date Fair Value of Stock and Option Awards" beginning on page 26. Non-Equity Incentive Plan Compensation. The Non-Equity Incentive Plan Compensation column reflects the non-discretionary bonus plan amounts earned by the NEOs during the reported year and paid in February of the following year under our Executive Bonus Plan. This column also includes any portion of such payments that each NEO deferred into the 401(k) Plan and Supplemental Plan.