0001193125-16-501640.txt : 20160311 0001193125-16-501640.hdr.sgml : 20160311 20160311165241 ACCESSION NUMBER: 0001193125-16-501640 CONFORMED SUBMISSION TYPE: DFAN14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160311 DATE AS OF CHANGE: 20160311 EFFECTIVENESS DATE: 20160311 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: QUESTAR CORP CENTRAL INDEX KEY: 0000751652 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923] IRS NUMBER: 870407509 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DFAN14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-08796 FILM NUMBER: 161501346 BUSINESS ADDRESS: STREET 1: 333 SOUTH STATE STREET STREET 2: P.O. BOX 45433 CITY: SALT LAKE CITY STATE: UT ZIP: 84145-0433 BUSINESS PHONE: 8013245900 MAIL ADDRESS: STREET 1: 333 SOUTH STATE STREET STREET 2: P.O. BOX 45433 CITY: SALT LAKE CITY STATE: UT ZIP: 84145-0433 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DOMINION RESOURCES INC /VA/ CENTRAL INDEX KEY: 0000715957 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 541229715 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DFAN14A BUSINESS ADDRESS: STREET 1: 120 TREDEGAR STREET CITY: RICHMOND STATE: VA ZIP: 23219 BUSINESS PHONE: 8048192000 MAIL ADDRESS: STREET 1: P. O. BOX 26532 CITY: RICHMOND STATE: VA ZIP: 23261 DFAN14A 1 d162617ddfan14a.htm DFAN14A DFAN14A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 14A

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Securities Exchange Act of 1934

(Amendment No.      )

 

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Questar Corporation

 

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Dominion Resources, Inc.

 

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New FAQs made available to Questar Corporation employees by Dominion Resources, Inc. regarding the merger transaction

March 11, 2016

Benefits at Dominion (Pension)

(New) If I retire as a Dominion Questar employee in several years, will I still be able to take the lump sum option for money I earned within my pension while I was a Questar employee?

Yes. You will continue to have the lump sum option for the benefits earned under the Questar Pension Plan before the merger no matter when you retire.

Compensation at Dominion

(New) What is a “Target Award Percentage” in the AIP calculation?

Dominion’s non-union employees are assigned a target award percentage based on their job title. Employee target awards vary between 8.5% and 25% based on job title.

(New) Can you provide some examples of the AIP payouts?

The payout calculation is based on the following formula:

(Plan Compensation) X (Target Award %) X (Plan Funding %) X (Goal Package Score) = Award Payout

Let’s take a non-exempt employee who has a base pay of $40,000 and has a target award percentage of 8.5% in two situations:

In example 1, the non-exempt employee earns $3,000 additional compensation from overtime, but the plan funding is only 20%. His department met all of their goals – including financial, safety, diversity, and other operating & stewardship goals. Therefore, the goal package receives a 100% score.

In example 2, the non-exempt employee does not work overtime during the year. The plan funding is 100%, but the department misses a goal and only receives a 90% goal package score.


      Plan
Compensation
       

Target

Award

%

       

Plan

Funding

%

       

Goal

Package

Score

        Payout

Example 1

   $43,000   x    8.5%   x    20%   x    100%   =    $731

Example 2

   $40,000   x    8.5%   x    100%   x    90%   =    $3,060

Now, let’s look at an exempt salaried employee (not eligible for overtime). Her base salary is $80,000 and she has a target award percentage of 15%. The plan funding is 90% and her department met all of their goals – including financial, safety, diversity, and other operating & stewardship goals. Therefore, the goal package receives a 100% score.

 

Plan Compensation        

Target

Award

%

       

Plan

Funding

%

       

Goal

Package

Score

        Payout

$80,000

  x    15%   x    90%   x    100%   =    $10,800