Bed, Bath and Beyond 2008 Annual Report Download - page 65

BED BATH & BEYOND PROXY STATEMENT
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(3) The amounts of Company matching contribution payments relating to deferred compensation reflected in this column which relate
to fiscal 2006 include amounts in respect of calendar years 2006 and 2007 as fiscal year 2006 commenced on February 26, 2006 and
ended on March 3, 2007. Thus, certain matching contributions noted below exceed the single calendar year limitation.
(4) Mr. Eisenberg deferred $222,115, $268,171 and $264,423 of his salary for fiscal 2008, 2007 and 2006, respectively, pursuant to the
terms of the Company’s Nonqualified Deferred Compensation Plan. Such amount for fiscal 2008 is also reported in the Deferred
Compensation Table below.
(5) All Other Compensation for Mr. Eisenberg includes incremental costs to the Company for tax preparation services of $21,688, $22,988
and $22,525, car service of $26,300, $4,537 and $55,548 and car allowance of $23,757, $26,071 and $25,398, and an employer non-
qualified deferred compensation plan matching contribution of $6,900, $6,750 and $6,600, for fiscal 2008, 2007 and 2006, respectively.
(6) Mr. Feinstein deferred $222,115, $270,920 and $264,423 of his salary for fiscal 2008, 2007 and 2006, respectively, pursuant to the
terms of the Company’s Nonqualified Deferred Compensation Plan. Such amount for fiscal 2008 is also reported in the Deferred
Compensation Table below.
(7) All Other Compensation for Mr. Feinstein includes incremental costs to the Company for tax preparation services of $21,687, $22,987
and $22,525, car service of $82,731, $4,537 and $51,087 and car allowance of $28,991, $32,613 and $29,727, and an employer non-
qualified deferred compensation plan matching contribution of $6,900, $6,750 and $6,600, for fiscal 2008, 2007 and 2006, respectively.
(8) Mr. Temares deferred $20,923, $15,769 and $10,769 of his salary for fiscal 2008, 2007 and 2006, respectively, pursuant to the terms of
the Company’s Nonqualified Deferred Compensation Plan. Such amount for fiscal 2008 is also reported in the Deferred Compensation
Table below. Additionally, Mr. Temares contributed $11,700, $8,580 and $9,635 of his salary for fiscal 2008, 2007 and 2006, respective-
ly, to the Bed Bath & Beyond Inc. 401(k) Savings Plan (the “Company 401(k)”).
(9) The actuarial present value of the benefits payable under the supplemental executive retirement benefit agreement with Mr. Temares
increased from fiscal 2007 to fiscal 2008, increased from fiscal 2006 to fiscal 2007 and decreased from fiscal 2005 to fiscal 2006. With
reference to fiscal 2008, see “Potential Payments Upon Termination or Change in Control – Messrs. Temares, Castagna and Stark”
below.
(10) All Other Compensation for Mr.Temares includes incremental costs to the Company for car allowance of $14,209, $16,871 and
$15,026 and employer 401(k) plan and nonqualified deferred compensation plan matching contributions of $6,895, $6,750 and
$7,500, for fiscal 2008, 2007 and 2006, respectively.
(11) Mr. Stark deferred $219,159, $232,212 and $205,289 of his salary for fiscal 2008, 2007 and 2006, respectively, pursuant to the terms of
the Company’sNonqualified Deferred Compensation Plan. Such amount for fiscal 2008 is also reported in the Deferred Compensation
Table below. Additionally, Mr. Stark contributed $5,000 of his salary in each of the fiscal years to the Company 401(k).
(12) All Other Compensation for Mr. Stark includes incremental costs to the Company for car allowance of $3,487, $3,162 and $2,923 and
employer 401(k) plan and nonqualified deferred compensation plan matching contributions of $6,900, $6,749 and $6,600, for fiscal
2008, 2007 and 2006, respectively.
(13) Mr. Castagna deferred $67,054, $52,827 and $40,673 of his salary for fiscal 2008, 2007 and 2006, respectively, pursuant to the terms of
the Company’sNonqualified Deferred Compensation Plan. Such amount for fiscal 2008 is also reported in the Deferred Compensation
Table below. Additionally, Mr. Castagna contributed $6,500, $4,781 and $8,866 of his salary for fiscal 2008, 2007 and 2006, respective-
ly,to the Company 401(k).
(14) All Other Compensation for Mr. Castagna includes incremental costs to the Company for car allowance of $6,570, $10,522 and
$11,114 and employer 401(k) plan and nonqualified deferred compensation plan matching contributions of $6,898, $6,352 and
$7,115, for fiscal 2008, 2007 and 2006, respectively.
Employment Agreements with Messrs. Eisenbergand Feinstein
Messrs. Eisenberg and Feinstein have employment agreements with the Company for executive employment terms which expire
on June 30, 2010, or as further extended by mutual agreement. These agreements provide for salaries at the rate of $800,000
per year which may be increased from time to time by the Company. The current annual salary for each of Messrs. Eisenberg and
Feinstein is $1,100,000. Under these agreements, each of Messrs. Eisenberg and Feinstein may at any time elect senior status (i.e.,
to be continued to be employed to provide non-line executive consultative services) at an annual salary of the greater of $400,000
(increased for cost of living adjustments) or 50% of his average salaryover the three year period prior to such election for a peri-
od (the “Senior Status Period”) of up to ten years from the date of such election. During the Senior Status Period, the executive
must provide services at a level of at least 25% of the average level of services the executive performed for the prior 36 month
period. During the Senior Status Period, the Company is required to provide to the executive an office at a location specified
by the executive, a secretary, car service and car allowance, all on a basis comparable to that which is currently provided to the
executive. The agreements contain non-competition, non-solicitation and confidentiality provisions. These provisions generally