Dollar General 2010 Annual Report Download - page 46

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Proxy
any, and in connection with performance-based restricted stock and restricted stock unit awards, if any,
will be deductible. However, restricted stock or restricted stock units granted to executive officers that
solely vest over time are not ‘‘performance-based compensation’’ under Section 162(m), so that
compensation expense realized in connection with those time-vested awards to executive officers
covered by Section 162(m) will not be deductible by Dollar General. We currently do not grant
restricted stock or restricted stock unit awards to executive officers.
In addition, any salary, signing bonuses or other annual compensation paid or imputed to the
executive officers covered by Section 162(m) that causes non-performance-based compensation to
exceed the $1 million limit will not be deductible by Dollar General.
The Committee administers our executive compensation program with the good faith intention
of complying with Section 409A of the Internal Revenue Code, which relates to the taxation of
nonqualified deferred compensation arrangements.
Compensation Committee Report
The Compensation Committee of our Board of Directors has reviewed and discussed with
management the Compensation Discussion and Analysis required by Item 402(b) of Regulation S-K
and, based on such review and discussions, the Compensation Committee recommended to the Board
that the Compensation Discussion and Analysis be included in this document.
This report has been furnished by the members of the Compensation Committee:
• Michael M. Calbert, Chairman
• Raj Agrawal
• Warren F. Bryant
• Adrian Jones
• William C. Rhodes, III
38