Abercrombie & Fitch 2012 Annual Report Download - page 74

Table of Contents
(1) The value of Ms. Herro's equity holdings is calculated as $3,900,015 and relates to both unvested restricted stock units and unvested stock options / SARs. The $3,900,015 is the sum of
the unvested restricted stock units multiplied by $47.23, the market price of the Company's Common Stock as of January 28, 2012, plus the in-the-money value of the unvested stock
options / SARs on the same date.
(2) Represents the present value of the vested accumulated retirement benefit under the Company's 401(k) Plan and the Company's Nonqualified Savings and Supplemental Retirement Plan.
(3) Although not shown in the above table, Ms. Herro also participates in the Company's life insurance plan which is generally available to all salaried associates. The plan pays out a
multiple of base salary up to a maximum of $2,000,000. Under the provisions of the life insurance plan, if Ms. Herro passed away, her beneficiaries would receive $2,000,000. In
addition, the Company maintains an accidental death and dismemberment plan for all salaried associates. If Ms. Herro's death were accidental as defined by the plan, her beneficiaries
would receive an additional $2,000,000.
Ronald A. Robins Jr.
Normal Course of Business
Cash
Severance
Benefits
Continuation
Equity
Value(1)
Retirement
Plan Value(2) Total
Severance $ — $ — $ — $ 104,513 $ 104,513
Death(3) $ — $ — $ 322,458 $ 129,739 $ 452,197
Disability $ — $ — $ 322,458 $ 129,739 $ 452,197
Change of Control
Cash
Severance
Benefits
Continuation
Equity
Value(1)
Retirement
Plan Value(2) Total
$ — $ — $ 322,458 $ 129,739 $ 452,197
(1) The value of Mr. Robins' equity holdings is calculated as $322,458 and relates to both unvested restricted stock units and unvested SARs. The $322,458 is the sum of the unvested
restricted stock units multiplied by $47.23, the market price of the Company's Common Stock as of January 28, 2012, plus the in-the-money value of the unvested SARs on the same date.
This total does not include $39,077 of value in equity awards which were vested at fiscal year end. This vested value is not included in the table above as it could be realized
independently from each of the events described in the table.
(2) The present value of the vested accumulated retirement benefit under the Company's 401(k) Plan and the Company's Nonqualified Savings and Supplemental Retirement Plan was
$104,513. If Mr. Robins were to terminate employment voluntarily during the normal course of business, only the vested portion of the Company's contributions would be available to
him. The unvested portion (the present value of which is $25,226) would be forfeited. If Mr. Robins' employment was terminated for reasons of death, disability or a change of control,
the unvested portion of the Company's contributions would become immediately vested and available to him or his beneficiaries upon such termination.
(3) Although not shown in the above table, Mr. Robins also participates in the Company's life insurance plan which is generally available to all salaried associates. The plan pays out a
multiple of base salary up to a maximum of $2,000,000. Under the provisions of the life insurance plan, if Mr. Robins passed away, his beneficiaries would receive $2,000,000. In
addition, the Company maintains an accidental death and dismemberment plan for all salaried associates. If Mr. Robins' death were accidental as defined by the plan, his beneficiaries
would receive an additional $2,000,000 .
EQUITY COMPENSATION PLANS
The Company has six equity compensation plans under which shares of Common Stock are authorized for issuance to eligible directors, officers and
associates: (i) the 1996 Stock Option and Performance Incentive Plan (1998 Restatement) (the "1998 Associates Stock Plan"); (ii) the 1996 Stock Plan for
Non-Associate Directors (1998 Restatement) (the "1998 Director Stock Plan"); (iii) the 2002 Stock Plan for Associates (the "2002 Associates Stock Plan");
(iv) the 2003 Stock Plan for Non-Associate Directors (the "2003 Director Stock Plan"); (v) the 2005 LTIP; and (vi) the 2007 LTIP. Since June 13, 2007, the
Company has issued awards under two of the six equity compensation plans under which shares of Common Stock are authorized for issuance: the 2005 LTIP
and the 2007 LTIP.
Any shares of Common Stock distributable in respect of amounts deferred by non-associate directors under the Directors' Deferred Compensation Plan
will be distributed: (i) under the 2005 LTIP in respect of deferred compensation allocated to non-associate directors' bookkeeping accounts on or after
August 1, 2005; (ii) under the 2003 Director Stock Plan in respect of deferred compensation allocated to non-associate directors' bookkeeping accounts
between May 22, 2003 and July 31, 2005; and (iii) under the 1998 Director Stock Plan in respect of deferred compensation allocated to the non-associate
directors' bookkeeping accounts prior to May 22, 2003.
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