Dollar General 2008 Annual Report Download - page 167

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165
Payments to Ms. Lowe in Connection With Termination on September 15, 2008
Vested Options Called by Company
$396,375
SERP Benefits Vested Prior to the Event(1)
$53,588
SERP Benefits Due to the Event(1)
$72,404
Deferred Comp Plan Balance Paid
$1,435,398
Cash Severance
$40,400
Health and Welfare Continuation Payment
$9,825
Outplacement
$10,000
Section 280(G) Excise Tax and Gross-Up
N/A
Total
$2,017,990
(1) Ms. Lowe will be eligible for payments from the SERP and CDP in August 2009. Final payment
amounts may vary due to potential gains or losses until payment is made.
Compensation Committee Interlocks and Insider Participation
Each of Messrs. Michael Calbert, Raj Agrawal and Adrian Jones was a member of our
Compensation Committee during fiscal 2008. None of these persons was at any time during
fiscal 2008 an officer or employee of Dollar General or any of our subsidiaries, or an officer of
Dollar General or any of our subsidiaries at any time prior to fiscal 2008. Messrs. Calbert and
Agrawal, due to their relationships with KKR, and Mr. Jones, due to his relationship with
Goldman, Sachs & Co., may be viewed as having an indirect material interest in certain
relationships and transactions with KKR and Goldman, Sachs & Co discussed under Item 13
below. Mr. Dreiling serves and, for a portion of fiscal 2008, Mr. Bere served as a director of
Buck Holdings, LLC, for which Messrs. Calbert, Agrawal and Jones serve as executive officers.
(b) Director Compensation. The following table and text discuss the compensation of
persons who served as a member of our Board of Directors during all or part of fiscal 2008, other
than Mr. Dreiling and Mr. Bere each of whose compensation is discussed under “Executive
Compensation” above and who was not separately compensated for Board service. We have
omitted from this table the columns pertaining to stock awards, option awards, non-equity
incentive plan compensation, and nonqualified deferred compensation earnings because they are
inapplicable.
Fiscal 2008 Director Compensation
Name
Fees Earned or
Paid in Cash
($)
All Other
Compensation
($) (1)
Total
($)
Raj Agrawal 40,000 -- 40,000
Michael M. Calbert 40,000 -- 40,000
Adrian Jones 40,000 -- 40,000
Dean B. Nelson(2) 40,000 -- 40,000
(1) Perquisites and personal benefits, if any, totaled less than $10,000 per director.
(2) Mr. Nelson resigned from our Board of Directors on March 16, 2009.