Kroger 2010 Annual Report Download - page 46

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44
The assumptions used in calculating the present values are set forth in Note 13 to the consolidated
financial statements in Kroger’s Form 10-K for fiscal year 2010 ended January 29, 2011. The discount rate
used to determine the present values is 5.6%, which is the same rate used at the measurement date for
financial reporting purposes.
NO N Q UA L I F I E D DE F E R R E D CO M P E N S A T I O N
The following table provides information on nonqualified deferred compensation for the named
executive officers for 2010.
2010 NONQUALIFIED DEFERRED COMPENSATION
Name
Executive
Contributions
in Last FY
($)
Registrant
Contributions
in Last FY
($)
Aggregate
Earnings
in Last FY
($)
Aggregate
Withdrawals/
Distributions
($)
Aggregate
Balance at
Last FYE
($)
David B. Dillon ......................................... $ 80,000(1) $0 $ 56,595 $0 $ 846,428
J. Michael Schlotman ............................... $ 0 $0 $ 0 $0 $ 0
W. Rodney McMullen ............................... $ 76,900(1) $0 $339,144 $0 $5,073,371
Donald E. Becker ...................................... $ 0 $0 $ 0 $0 $ 0
Paul W. Heldman ...................................... $369,255(2) $0 $ 50,590 $0 $ 922,514
(1) These amounts represent the deferral of annual bonus earned in fiscal year 2009 and paid in
March 2010. These amounts are included in the Summary Compensation Table for 2009.
(2) This amount represents the deferral of long-term bonus earned in fiscal year 2009 and paid in
March 2010. This amount is included in the Summary Compensation Table for 2009.
Eligible participants may elect to defer up to 100% of the amount of their salary that exceeds the sum
of the FICA wage base and pre-tax insurance and other Internal Revenue Code Section 125 plan deductions,
as well as 100% of their annual and long-term bonus compensation. Deferral account amounts are credited
with interest at the rate representing Kroger’s cost of ten-year debt as determined by Kroger’s CEO prior
to the beginning of each deferral year. The interest rate established for deferral amounts for each deferral
year will be applied to those deferral amounts for all subsequent years until the deferred compensation is
paid out. Participants can elect to receive lump sum distributions or quarterly installments for periods up
to ten years. Participants also can elect between lump sum distributions and quarterly installments to be
received by designated beneficiaries if the participant dies before distribution of deferred compensation
is completed.