AutoZone 2013 Annual Report Download - page 55
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Please find page 55 of the 2013 AutoZone annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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Proxy
officers that pay 70% of the first $7,143 of insurable monthly earnings in the event of disability. Additionally,
the executive officers are eligible to receive an executive long-term disability plan benefit in the amount of 70%
of the next $35,714 of insurable monthly earnings to a maximum benefit of $25,000 per month. AutoZone
purchases insurance to cover this plan benefit. These two benefits combined provide a maximum benefit of
$30,000 per month. The benefit payment for these plans may be reduced by deductible sources of income and
disability earnings. Mr. Goldsmith is only covered under the group long-term disability program, under which he
is eligible to receive 70% of monthly earnings to a maximum benefit of $30,000 per month.
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