GNC 2008 Annual Report Download - page 146

Table of Contents
such stock options vest in four equal annual installments commencing on the first anniversary of the date of grant.
Option Exercises and Stock Vested
No stock options were exercised in 2007. We have not issued, nor are there any outstanding, shares of restricted stock.
Non-qualified Deferred Compensation
One of our subsidiaries maintains the GNC Live Well Later Non-qualified Deferred Compensation Plan for the benefit of a select group of
management or highly compensated employees. Under the deferred compensation plan, an eligible employee of such subsidiary or a
participating affiliate may elect to defer a portion of his or her future compensation under the plan by electing such deferral prior to the
beginning of the calendar year during which the deferral amount would be earned (or, if applicable, within 30 days of the date on which the
employee first becomes eligible to participate in the plan). The minimum amount of salary that may be deferred by an eligible employee for a
calendar year is $200, subject to a maximum of 25% of the employee's salary otherwise payable for the year and the minimum amount of
bonus that may be deferred by an eligible employee for a calendar year is $2,000, subject to a maximum of 25% of the employee's bonus
otherwise payable for the year. The employers participating in the plan may in their discretion elect to make a matching contribution to the plan
for a calendar year, based on amounts deferred by eligible employees for that year. An eligible employee may elect at the time amounts are
deferred under the plan to have such amounts credited to an in-service account, which is payable (subject to certain special elections for 2006
and 2007 pursuant to rules issued by the Internal Revenue Service under Section 409A of the Internal Revenue Code) on a future date
selected by the employee at the time the employee first elects to defer compensation under the plan, or to a retirement account, which is
payable (subject to the special elections described above) upon the employee's retirement (as defined in the plan). Payments will be made
earlier than the dates described above as a result of the death or disability of an employee participating in the plan. If a participating employee
dies before retirement, a death benefit will be paid to the employee's beneficiaries in certain cases. For purposes of applying the provisions of
the Internal Revenue Code and the Employee Retirement Income Security Act to the plan, the plan is intended to be an unfunded arrangement.
The following table identifies the 2007 Named Executive Officers that participate in the plan, their contributions, our contributions and the
earnings in 2007, and their aggregate balance at the end of 2007. 142