Dollar General 2007 Annual Report Download - page 144

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142
Since Mr. Perdue resigned effective July 6, 2007, he did not have a right to any payments
as of February 1, 2008. We agreed to treat this resignation as one for "good reason" after a
change-in control as defined in his employment agreement. Therefore, the table below presents
Mr. Perdue’ s actual payments in connection with his resignation. The other forms of termination
do not apply and are marked as “N/A”, or not applicable.
Payments Regardless of Manner of Termination
Regardless of the termination scenario, the NEOs (other than Mr. Perdue) will receive
earned but unpaid base salary through the employment termination date, along with any other
benefits owed under any of our plans or agreements covering the NEO as governed by the terms
of those plans or agreements. These benefits include vested amounts in the CDP/SERP Plan
discussed above after the Nonqualified Deferred Compensation Table.
Upon Mr. Perdue's resignation on July 6, 2007, he received payment equal to his earned
but unpaid base salary through his employment termination date, any accrued expenses and
vacation pay. This payment was made in accordance with our normal payroll cycle and
procedures. He also received timely payment or provision for any other accrued amounts or
benefits required to be paid for which he was eligible under any of our plans, practices or
agreements. These benefits include amounts payable pursuant to his SERP described above after
the Pension Benefits Table and his CDP benefit discussed above in detail after the Nonqualified
Deferred Compensation Table.
The tables below exclude any amounts payable to the NEO to the extent that they are
available generally to all salaried employees and do not discriminate in favor of our executive
officers.
Payments Upon Termination Due to Retirement
Mr. Perdue’ s resignation on July 6, 2007 was treated under the terms of his SERP as a
change-in-control termination and an early retirement. Mr. Perdue's SERP benefit and the
enhancement of that benefit as a result of his retirement are discussed above after the Pension
Benefits Table.
Except for Mr. Perdue, retirement is not treated differently from any other voluntary
termination under any of our plans or agreements for NEOs, except that all Rollover Options will
remain exercisable for a period of 3 years following the NEO’ s retirement unless the options
expire earlier. To be entitled to the extended exercise period for the Rollover Options, the
retirement must occur on or after the NEO reaches the age of 65 or, with our express consent,
prior to age 65 in accordance with any applicable early retirement policy then in effect or as may
be approved by our Compensation Committee.
Payments Upon Termination Due to Death or Disability
In the event of death or disability, with respect to each NEO: