GNC 2008 Annual Report Download - page 135

Table of Contents
benefit plans, arrangements, or policies available to employees generally or to our executive officers generally. The fringe benefits for our Chief
Executive Officer were negotiated in connection with his employment agreement and in some respects were set at a higher level as a matter of
policy based on the position. The basic fringe benefits package for our Named Executive Officers who are senior vice presidents consists of the
following items:
• health insurance in accordance with our health insurance plan or program in effect from time to time;
• prescription drug coverage in accordance with our health insurance plan or program, or separate prescription drug coverage plan or
program, in effect from time to time;
• dental insurance in accordance with our dental insurance plan or program in effect from time to time;
• long-term disability insurance in accordance with our long-term disability insurance plan or program in effect from time to time;
• short-term disability insurance in accordance with our short-term disability insurance plan or program in effect from time to time;
• life insurance coverage in accordance with our life insurance program in effect from time to time, which for our Chief Executive Officer
will be an amount equal to 2 times his base salary, not to exceed the maximum coverage limit provided from time to time in accordance
with our employee benefits plan;
• an automobile allowance in an annual amount equal to $3,500;
• an allowance for professional assistance in an annual amount equal to $5,000;
• a supplemental retirement allowance in an annual amount equal to $10,000 ($25,000 for our Chief Executive Officer);
• a financial planning and tax preparation allowance in an annual amount equal to $3,000 ($8,000 for our Chief Executive Officer); and
• for senior vice presidents located at our headquarters in Pittsburgh, Pennsylvania, a downtown Pittsburgh parking lease with an annual
value in an amount equal to $2,640.
Named Executive Officers at the executive vice president level receive additional fringe benefits, which generally consist of some of the
allowances listed, but at higher amounts (car allowance of $11,500; professional assistance allowance of $10,500; and, if applicable, a
Pittsburgh parking lease with a $3,300 value).
In addition to the basic package, we have Named Executive Officers who have historically received some of these allowances in greater
amounts and have been grandfathered at those levels even though the current basic package is set at lower amounts. An additional benefit, a
supplemental medical allowance of $6,000 per year is provided, on a grandfathered basis, to some of our Named Executive Officers, including
our Chief Executive Officer.
In addition to the fringe benefits set forth above, the fringe benefits package for our Chief Executive Officer also consists of an allowance for
country club dues and expenses incurred for business 131