Bed, Bath and Beyond 2014 Annual Report Download - page 74

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 2014.
Nonqualified Deferred Compensation for Fiscal 2014
Name
Executive
Contributions
for Fiscal
2014
(1)
($)
Company
Contributions
for Fiscal
2014
(2)
($)
Aggregate
Earnings
(Losses) in
Fiscal 2014
(3)
($)
Aggregate
Withdrawals/
Distributions
($)
Aggregate
Balance at
Fiscal Year
End 2014
(4)
($)
Warren Eisenberg 550,000 7,800 350,437 — 3,733,059
Leonard Feinstein 550,000 7,800 350,897 — 3,738,619
Steven H. Temares 40,624 1,576 29,230 — 367,354
Arthur Stark 10,639 5,204 889 — 34,672
Eugene A. Castagna 166,154 4,425 125,731 — 1,397,436
Susan E. Lattmann 29,594 3,630 17,862 — 265,636
Matthew Fiorilli 140,654 1,725 63,581 — 878,392
(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 and
Ms. Lattmann were $2,028,478, $2,031,974, $209,482, $17,780, $791,259, $91,012 and $29,173, 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 $7,800 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: 20% at one to two years of service, 40% at two to three years of
service, 60% at three to four years of service, 80% at four to five years of service and 100% 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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