GNC 2010 Annual Report Download - page 156

Table of Contents
Pension Benefits
The Company did not have a pension plan in effect for the benefit of its 2009 Named Executive Officers for the fiscal year ending
December 31, 2009.
Non-qualified Deferred Compensation
The Company 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 $2,000, subject to a maximum of 25% of the employee's bonus
otherwise payable for the year. The employers participating in the plan may in their discretion elect to make a matching contribution to the plan
for a calendar year, based on amounts deferred by eligible employees for that year. An eligible employee may elect at the time amounts are
deferred under the plan to have such amounts credited to an in-service account, which is payable (subject to certain special elections for 2006
and 2007 pursuant to Section 409A of the Internal Revenue Code of 1986, as amended (the "Code") on a future date selected by the employee
at the time the employee first elects to defer compensation under the plan, or to a retirement account, which is payable (subject to the special
elections described above) upon the employee's retirement (as defined in the plan). Payments will be made earlier than the dates described
above as a result of the death or disability of an employee participating in the plan. If a participating employee dies before retirement, a death
benefit will be paid to the employee's beneficiaries in certain cases. For purposes of applying the provisions of the Code and the Employee
Retirement Income Security Act (ERISA) to the plan, the plan is intended to be an unfunded arrangement.
The following table identifies the 2009 Named Executive Officers who participate in the plan, their contributions, our contributions and the
earnings in 2009, and their aggregate balance at the end of 2009.
Executive Registrant Aggregate Aggregate Aggregate
Contributions in Contributions in Earnings in Last Withdrawals/ Balance at Last
Last Fiscal Year Last Fiscal Year Fiscal Year Distributions Fiscal Year-End
Name ($)(1) ($) ($) ($) ($)(2)
Joseph Fortunato — — — — —
Beth J. Kaplan — — — — —
Michael M. Nuzzo — — — — —
Thomas Dowd 23,504 — 19,919 — 89,246
Gerald Stubenhofer — — — — —
(1) The amounts reported in this column reflect deferrals under the GNC Live Well Later Non-qualified Deferred Compensation Plan of base
salary and bonus earned by and paid to Mr. Dowd in the fiscal year ended December 31, 2009. A portion of the amount reported as salary
and/or bonus in the Summary Compensation Table, column (c) and (g), respectively were deferred by Mr. Dowd in the fiscal year ended
December 31, 2009 as follows: $9,905 of salary and $13,599 of bonus.
(2) The amounts reported in this column include previously earned, but deferred, salary and bonus that were reported in our Summary
Compensation Table in previous years as follows: (i) $10,372 in 2008 and (ii) $32,864 in 2007.
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