Bed, Bath and Beyond 2011 Annual Report Download - page 53

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BED BATH & BEYOND PROXY STATEMENT
51
(3)
The vesting of restricted stock awards depends on (i) the Company’s achievement of a performance-based test for the fiscal year of
the grant, and (ii) assuming the performance-based test is met, time vesting, subject in general to the executive remaining in the
Company’s employ on specific vesting dates. The performance-based tests for fiscal years 2011, 2010 and 2009 were met. The fair
value of the performance-based stock awards are reported above at 100% of target, their maximum value assuming the highest
level of performance.
(4)
Salary for Mr. Eisenberg includes a deferral of $275,000, $275,000 and $42,308 for fiscal 2011, 2010 and 2009, respectively, pursuant
to the terms of the Company’s Nonqualified Deferred Compensation Plan. Such amount for fiscal 2011 is also reported in the
Nonqualified Deferred Compensation Table below.
(5)
All Other Compensation for Mr. Eisenberg includes incremental costs to the Company for tax preparation services of $25,063,
$23,822 and $23,312, car service of $59,740, $28,140 and $27,429 and car allowance of $23,411, $20,760 and $22,777, and an
employer nonqualified deferred compensation plan matching contribution of $7,350, $7,350 and $0, for fiscal 2011, 2010 and 2009,
respectively.
(6)
Salary for Mr. Feinstein includes a deferral of $275,000, $275,000 and $42,308 for fiscal 2011, 2010 and 2009, respectively, pursuant
to the terms of the Company’s Nonqualified Deferred Compensation Plan. Such amount for fiscal 2011 is also reported in the
Nonqualified Deferred Compensation Table below.
(7)
All Other Compensation for Mr. Feinstein includes incremental costs to the Company for tax preparation services of $25,063,
$23,822 and $23,313, car service of $62,400, $88,840 and $86,229 and car allowance of $28,451, $26,314 and $28,934, and an
employer nonqualified deferred compensation plan matching contribution of $7,350, $7,350 and $0, for fiscal 2011, 2010 and 2009,
respectively.
(8)
Salary for Mr. Temares includes a deferral of $26,615, $26,000 and $26,000 for fiscal 2011, 2010 and 2009, respectively, pursuant
to the terms of the Company’s Nonqualified Deferred Compensation Plan. Such amount for fiscal 2011 is also reported in the
Nonqualified Deferred Compensation Table below.
(9)
The change in pension value is an increase in the actuarial present value of the benefits payable under the supplemental executive
retirement benefit agreement with Mr. Temares, which is discussed more fully below. The change in pension value for fiscal 2010
is the result of Mr. Temares’ increase in base salary for fiscal 2010, which followed a year (fiscal 2009) in which he received no salary
increase. There was no cash payment as a result of this increase. See also “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 $10,225, $7,703 and
$13,779 and employer 401(k) plan and nonqualified deferred compensation plan matching contributions of $7,347, $7,349 and
$7,350, for fiscal 2011, 2010 and 2009, respectively.
(11)
Salary for Mr. Stark includes a deferral of $10,000 for fiscal 2011, 2010 and 2009 pursuant to the terms of the Company’s
Nonqualified Deferred Compensation Plan. Such amount for fiscal 2011 is also reported in the Nonqualified Deferred Compensation
Table below.
(12)
All Other Compensation for Mr. Stark includes incremental costs to the Company for car allowance of $2,383, $3,450 and $9,832
and employer 401(k) plan and nonqualified deferred compensation plan matching contributions of $7,346, $7,347 and $7,350, for
fiscal 2011, 2010 and 2009, respectively. Additionally, during fiscal 2010, the Compensation Committee determined to pay Mr. Stark
$185,916 in connection with the resolution of certain state tax withholding issues, including professional fees incurred in connection
with the resolution of these issues, for the years 2004-2006.
(13)
Salary for Mr. Castagna includes a deferral of $136,246, $111,346 and $78,185 for fiscal 2011, 2010 and 2009, respectively, pursuant
to the terms of the Company’s Nonqualified Deferred Compensation Plan. Such amount for fiscal 2011 is also reported in the
Nonqualified Deferred Compensation Table below.
(14)
All Other Compensation for Mr. Castagna includes incremental costs to the Company for car allowance of $8,046, $11,006 and
$6,801 and employer 401(k) plan and nonqualified deferred compensation plan matching contributions of $7,349, $7,349 and
$7,350, for fiscal 2011, 2010 and 2009, respectively.