Best Buy 2009 Annual Report Download - page 39

directly supports our fiscal 2010 business priorities: Benefits and Perquisites. Our named executive officers
(i) taking market share, (ii), efficient and effective are generally offered the same employee benefits and
enterprise, (iii) connected digital solutions and perquisites offered to all U.S.-based employees, as
(iv) international growth. We also want to ensure that summarized in the table below:
our senior officers and other eligible employees have All
opportunities to be rewarded should performance Full-Time
U.S.- Named
improve during the fiscal year. As a result, we have Based Executive
Benefit or Perquisite Employees Officers
opted to change the structure by which we measure our
Deferred Compensation Plan (1) (1)
short-term incentive awards for our senior officers to be
Employee Discount 
based on the following metrics: — Expanded Employee Discount(2) (2)
Employee Stock Purchase Plan 
• Enterprise operating income
Health Insurance 
• Enterprise SG&A rate — Executive Physical Exam 
Life Insurance 
• Domestic market share
Long-Term Disability 
In addition, under the short-term incentive plan design — Executive Long-Term Disability 
for fiscal 2010, we will measure each metric Paid Time Off 
Retirement Savings Plan 
independently, with achievement of one or all metrics to
Short-Term Disability 
be additive to the individual’s total short-term incentive
Stock Ownership Target Planning 
award and earned regardless of the results of other
Tax Planning and Preparation 
metrics. We have made this change to reward
individuals for SG&A reductions and/or market share (1) Only highly compensated employees and directors are
eligible to participate in the Deferred Compensation Plan.
gains rather than have the awards earned be dependent
(2) Our named executive officers are eligible to receive the
on the achievement of all of the metrics, which could
same employee discount at U.S. Best Buy stores as all
potentially result in a zero payout if one metric is not U.S.-based employees. However, they are also eligible to
achieved. receive discounts at stores operated by certain of our
subsidiaries that are not generally available to all
employees.
Long-Term Incentive. We are changing the timing of
our long-term incentive plan to grant long-term incentive We provide the executive benefits and perquisites
awards in June, September and January of fiscal 2010. denoted above to compete for executive talent and to
Thereafter, in fiscal 2011, we plan to grant long-term promote the health, well-being and financial security of
incentives on a quarterly basis at the time of Board our named executive officers. A description of executive
meetings. The decision to grant long-term incentive benefits and perquisites, and the costs associated with
awards at multiple times each year addresses employee providing them for the named executive officers, are
concerns regarding stock price volatility over the past reflected in the ‘‘All Other Compensation’’ column of
few years. In addition, multiple grants during the year the Summary Compensation Table on page 43.
are expected to reinforce the value of long-term
Retirement Savings Plan. Our Retirement Savings Plan
incentive award opportunities to participants on a more
is intended to meet the requirements of Section 401(k)
frequent basis.
of the Internal Revenue Code of 1986 (the ‘‘Code’’). All
Other Compensation Matters of our named executive officers are eligible to
participate in the plan. The plan provides a safe harbor
The programs and policies described below are that allows U.S.-based employees to contribute pre-tax
generally applicable to all our named executive officers, income and immediately vest in company matching
unless otherwise noted. contributions. The plan is expected to provide an
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