Bed, Bath and Beyond 2013 Annual Report Download - page 72

NONQUALIFIED DEFERRED COMPENSATION
Effective January 1, 2006, the Company adopted a nonqualified deferred compensation plan for the benefit of employees
defined by the Internal Revenue Service as highly compensated. A certain percentage of an employee’s contributions may be
matched by the Company, subject to certain plan limitations, as more fully described below. The following table provides
compensation information for the Company’s nonqualified deferred compensation plan for each of the named executive
officers for fiscal 2013.
Nonqualified Deferred Compensation for Fiscal 2013
Name
Executive
Contributions
for Fiscal
2013
(1)
($)
Company
Contributions
for Fiscal
2013
(2)
($)
Aggregate
Earnings
(Losses) in
Fiscal 2013
(3)
($)
Aggregate
Withdrawals/
Distributions
($)
Aggregate
Balance at
Fiscal Year
End 2013
(4)
($)
Warren Eisenberg 546,504 7,650 611,596 — 2,824,822
Leonard Feinstein 550,000 7,650 612,076 — 2,829,922
Steven H. Temares 36,684 1,800 46,212 — 295,924
Arthur Stark 10,937 5,150 (7,765) 690,774 17,940
Eugene A. Castagna 141,538 4,400 174,032 — 1,101,126
Susan E. Lattmann 25,598 3,575 39,102 — 214,550
Matthew Fiorilli 83,827 1,800 116,443 — 672,432
(1) All amounts reported in this column were also reported in this Proxy Statement in the ‘‘Salary’’ column of the Summary
Compensation Table for the applicable named executive officer.
(2) All amounts reported in this column were also reported in this Proxy Statement in the ‘‘All Other Compensation’’ column of the
Summary Compensation Table for the applicable named executive officer.
(3) Amounts reported in this column represent returns on participant-selected investments.
(4) Amounts reported in this column that were also reported in previously filed Proxy Statements in the ‘‘Salary’’ or ‘‘All Other
Compensation’’ columns of the Summary Compensation Tables for Messrs. Eisenberg, Feinstein, Temares, Stark, Castagna and
Fiorilli were $1,474,324, $1,474,324, $170,998, $1,693, $645,321 and $5,385, respectively.
Under the Company’s nonqualified deferred compensation plan, a participant’s regular earnings may be deferred at the
election of the participant, excluding bonus or incentive compensation, welfare benefits, fringe benefits, noncash
remuneration, amounts realized from the sale of stock acquired under a stock option or grant, and moving expenses.
When a participant elects to make a deferral under the plan, the Company credits the account of the participant with a
matching contribution equal to fifty percent of the deferral, offset dollar for dollar by any matching contribution that the
Company makes to the participant under the Company’s 401(k) plan. The payment of this matching contribution is made upon
the conclusion of the fiscal year. The maximum matching contribution to be made by the Company to a participant between
the Company’s nonqualified deferred compensation plan and the Company’s 401(k) plan cannot exceed the lesser of $7,650 or
three percent of a participant’s eligible compensation.
A participant is fully vested in amounts deferred under the nonqualified deferred compensation plan. A participant has a
vested right in matching contributions made by the Company under the nonqualified deferred compensation plan, depending
on the participant’s years of service with the Company: twenty percent at one to two years of service, forty percent at two to
three years of service, sixty percent at three to four years of service, eighty percent at four to five years of service and one
hundred percent at five or more years of service. As each of the named executive officers has more than five years of service to
the Company, they are each fully vested in the matching contributions made by the Company under the plan.
Amounts in a participant’s account in the nonqualified deferred compensation plan are payable either in a lump sum or
substantially equal annual installments over a period of five or ten years, as elected by the participant. Such distributions may
be delayed to a period of six months following a participant’s termination of employment to comply with applicable law.
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