Dollar General 2007 Annual Report Download - page 156

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154
Name
Voluntary
Without
Good
Reason
Involuntary
Without Cause
or Voluntary
With Good
Reason
Involuntary
With Cause Death Disability Retirement
Change-in-
Control(1)
Challis M. Lowe
Vested Options Prior To Event $396,376 $396,376 $396,376 $396,376 $396,376 $396,376 $396,376
Vesting of Options Due to the
Event $0 $0 $0 $0 $0 $0 $0
Vesting of Restricted Stock &
RSUs Due to the Event N/A N/A N/A N/A N/A N/A N/A
SERP Benefits Prior to the
Event $82,663 $82,663 $82,663 $82,663 $82,663 $82,663 $82,663
SERP Benefits Due to the Event $0 $0 $0 $0 $0 $0 $0
Deferred Comp Plan Balance
Prior to and After the Event $93,401 $93,401 $93,401 $93,401 $93,401 $93,401 $93,401
Cash Severance $0 $1,393,590 $0 $0 $0 $0 $1,393,590
Health & Welfare Continuation
Payment $0 $10,305 $0 $0 $0 $0 $10,305
Outplacement $0 $15,000 $0 $0 $0 $0 $15,000
Section 280(G) Excise Tax &
Gross-Up Due to the Event N/A N/A N/A N/A N/A N/A $0
Life Insurance Proceeds N/A N/A N/A $1,055,750 N/A N/A N/A
Total $572,440 $1,991,335 $572,440 $1,628,190 $572,440 $572,440 $1,991,335
(1) All payments in this column require termination to be paid except options (prior to and due to the event) and restricted stock and RSUs.
Compensation Committee Interlocks and Insider Participation
Each of Dennis Bottorff, Reginald Dickson and Gordon Gee was a member of our
Compensation Committee during fiscal 2007 prior to the Merger. We did not have a
Compensation Committee or another Board committee that performed equivalent functions for
the remaining portion of fiscal 2007. None of these persons was at any time during fiscal 2007 an
officer or employee of Dollar General or any of our subsidiaries, or an officer of Dollar General
or any of our subsidiaries at any time prior to fiscal 2007. None of these persons had any
relationship with Dollar General or any of our subsidiaries requiring disclosure under any
paragraph of Item 404 of Regulation S-K during the period that these persons served on the
Committee. As a Board member, David L. Beré was entitled to participate in Board deliberations
regarding executive compensation (other than his own) that occurred during the portion of fiscal
2007 after the Merger. None of our executive officers served as a member of a compensation
committee or as a director of any entity of which any of our directors served as an executive
officer during fiscal 2007.
(b) Director Compensation. The following tables and text discuss the compensation of
persons who served as a member of our Board of Directors during all or part of fiscal 2007 other
than Richard W. Dreiling, David L. Beré, and David A. Perdue, each of whose compensation is
discussed under “Executive Compensation” above and who was not separately compensated for
Board service.