Bed, Bath and Beyond 2014 Annual Report Download - page 69

PSU
Acceleration
(5)
Benefit
Continuation
(6)
Nonqualified Deferred
Compensation
Balance
(7)
Supplemental
Pension
(8)
Split-Dollar
Life Insurance
Substitute Payment
(9)
Total
$1,347,314 $1,346,071 $3,733,059 $ 427,623 $2,125,000 $20,467,167
$ — $ — $ — $ — $ — $ —
$1,347,314 $1,346,071 $3,733,059 $ 2,246,078 $2,125,000 $17,649,695
$1,347,314 $1,795,261 $3,738,619 $ 939,697 $2,080,000 $21,388,991
$ — $ — $ — $ — $ — $ —
$1,347,314 $1,795,261 $3,738,619 $ 3,015,014 $2,080,000 $18,828,381
$8,723,797 $ — $ 367,354 $19,368,247 $ — $62,637,899
$ — $ — $ 367,354 $19,368,247 $ — $23,703,101
$ — $ — $ — $ — $ — $ —
$8,723,797 $ — $ 367,354 $19,368,247 $ — $62,637,899
$1,392,260 $ — $ 34,672 $ — $ — $15,410,229
$ — $ — $ 34,672 $ — $ — $ 1,724,672
$ — $ — $ — $ — $ — $ —
$1,392,260 $ — $ 34,672 $ — $ — $15,410,229
$1,392,260 $ — $1,397,436 $ — $ — $12,237,630
$ — $ — $1,397,436 $ — $ — $ 3,087,436
$ — $ — $ — $ — $ — $ —
$1,392,260 $ — $1,397,436 $ — $ — $12,237,630
$ 673,657 $ — $ 265,636 $ — $ — $ 3,096,996
$ — $ — $ — $ — $ — $ —
$ 673,657 $ — $ 265,636 $ — $ — $ 3,096,996
$1,167,682 $ — $ 878,392 $ — $ — $14,308,985
$ — $ — $ 878,392 $ — $ — $ 2,453,392
$ — $ — $ — $ — $ — $ —
$1,167,682 $ — $ 878,392 $ — $ — $14,308,985
(7) Reflects executives’ vested account balances as of February 28, 2015.
(8) For Messrs. Eisenberg and Feinstein, represents the estimated present value of lifetime supplemental pension payments,
commencing six months following the conclusion of the Senior Status Period. For Mr. Temares, present value will be paid out six
months following (1) termination without cause or (2) any termination (including voluntary termination) following a change in
control.
(9) This amount will be paid on the last day of the following fiscal year.
(10) The employment agreements of Messrs. Eisenberg and Feinstein provide that in the event any amounts paid or provided to the
executive in connection with a change in control are determined to constitute ‘‘excess parachute payments’’ under Section 280G of
the Code which would be subject to the excise tax imposed by Section 4999 of the Code, the payments and benefits due to the
executive will be reduced if the reduction would result in a greater amount payable to the executive after taking into account the
excise tax imposed by Section 4999 of the Code. However, no reduction of payments and benefits are disclosed above since neither
of these executives would have been subject to excise taxes as a result of payments subject to Section 280G of the Code that would
have been made in connection with a change in control occurring on February 28, 2015.
(11) Cash severance represents three times current salary payable over a period of three years following a termination without cause;
or, in the cases of Messrs. Eisenberg and Feinstein, following a termination without cause or constructive termination occurring on
a change in control or within two years following a change in control.
(12) In the event of a termination of employment due to death or disability, Mr. Temares (or his estate) will receive the same payments
as if there was a ‘‘Termination Without Cause.’’
(13) Cash severance represents one times current salary payable over a period of one year.
(14) In the event of a termination of employment due to death or disability, the named executive officer (or the executive’s estate) will
receive the same payments as if there were a ‘‘Termination Without Cause.’’
BED BATH & BEYOND PROXY STATEMENT
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