ADT 2008 Annual Report Download - page 71

(2) The amount in column (d) is calculated as the discounted present value of normal retirement
benefits earned as of September 26, 2008, payable as a lump sum at ‘‘Normal Retirement Date’’
(without regard to projected service, projected salary increases, pre-retirement mortality or other
decrements). The assumptions used in determining the discounted present value are consistent
with those used to calculate the Company’s retirement plan liabilities as described in Note 17 to
the Company’s audited consolidated financial statements for the fiscal year ended September 26,
2008, and include:
• A discount rate of 6.95%;
• Payment as a lump sum;
• A prime rate of 7.25% (used to accumulate the Company’s defined contribution match balance);
• An assumed retirement age of 60.
Non-Qualified Deferred Compensation Table at Fiscal Year-End 2008
The following table presents information on the non-qualified deferred compensation accounts of
each named executive officer at September 26, 2008.
Aggregate
Executive Registrant Aggregate Aggregate Balance
Contributions in Contributions in Earnings in Last Withdrawals/ at Last
Last Fiscal Year Last Fiscal Year Fiscal Year Distributions Fiscal Year End
Name ($)(1) ($)(1) ($)(2) ($)(3) ($)
(a) (b) (c) (d) (e) (f)
Current Officers
Edward D. Breen ....... — $232,250 $(219,887) — $1,200,421
Christopher J. Coughlin . . — $108,750 $ 10,047 — $ 255,906
George Oliver ......... $ 14,657 $ 61,579 $ (6,789) — $ 90,442
John Evard ........... — $ 44,087 $ (38,688) — $ 175,676
Naren Gursahaney ...... $507,000 $ 63,875 $(271,019) — $1,608,437
(1) Amounts in columns (b) and (c) include employee and Company contributions, respectively, under
the Company’s Supplemental Savings and Retirement Plan (the ‘‘SSRP’’), a non-qualified
retirement savings plan. All of the amounts shown in column (c) are included in the Summary
Compensation table under the column heading ‘‘All Other Compensation.’’ Under the terms of the
SSRP, an eligible executive may choose to defer up to 50% of his or her base salary and up to
100% of his or her performance bonus.
(2) Amounts in column (d) include earnings or (losses) on the named executive officer’s notional
account in the SSRP and in the Company’s Supplemental Executive Retirement Plan (the
‘‘SERP’’). The SERP was frozen with respect to additional contributions on December 31, 2004.
Except for the Tyco stock fund and the Fidelity Freedom Funds, investment options under the
SSRP are the same as those available under the Company’s tax-qualified 401(k) retirement plans.
Investment options under the SERP are the same as those available under the SSRP.
(3) Under both the SSRP and the SERP, participants may elect to receive distributions in a single
lump sum payment or in up to 15 annual installments. A participant who is still employed by Tyco
may begin receiving distributions under each plan after a minimum of five years have elapsed from
the plan year for which contributions have been made. A participant who has left Tyco may begin
receiving distributions upon his or her termination of employment or retirement.
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