Logitech 2012 Annual Report Download - page 154

NON-QUALIFIED DEFERRED COMPENSATION FOR FISCAL YEAR 2012
The following table sets forth information regarding the participation by our named executive officers in the
Logitech Inc. U.S. Deferred Compensation Plan during fiscal year 2012 and at fiscal year-end.
Name
Executive
Contributions in
Last Fiscal Year
($)(1)
Logitech
Contributions in
Last Fiscal Year
($)
Aggregate
Earnings in
Last Fiscal
Year ($)(2)
Aggregate
Withdrawals/
Distributions
($)
Aggregate
Balance at Last
Fiscal Year End
($)
Guerrino De Luca ............... — — — — —
Erik K. Bardman. . . . . . . . . . . . . . . . — — — — —
Junien Labrousse . . . . . . . . . . . . . . . — — 92,724 — 2,680,680(3)
L. Joseph Sullivan ............... 108,738 — 16,645 — 365,940
Former Officers:
Gerald P. Quindlen . . . . . . . . . . . . . . — — — — —
Werner Heid . . . . . . . . . . . . . . . . . . . 154,063 — 5,938 — 215,572
(1) Amounts are included in the Summary Compensation table in the “Salary” column for fiscal year 2012. All
contributions were made under the Logitech Inc. Deferred Compensation Plan.
(2) These amounts are not included in the Summary Compensation table because plan earnings were not
preferential or above market.
(3) Mr. Labrousse’s aggregate contributions of $1,392,280 for fiscal year 2008 through fiscal year 2011 were
reported as compensation to Mr. Labrousse in the Summary Compensation table.
NARRATIVE DISCLOSURE TO NON-QUALIFIED DEFERRED COMPENSATION TABLE
The Logitech Inc. U.S. Deferred Compensation Plan effective January 1, 2009 allows the participating
executive officers and other eligible employees to defer up to 80% of their annual base salary and up to 90% of
annual cash bonuses or commissions.
Upon enrollment, participants select from a number of mutual funds selected by Logitech Inc.’s Deferred
Compensation Committee for this purpose, and the participants’ contributions are invested according to the
participants’ elections. Investment elections may be changed by participants at any time.
Participants can elect upon enrollment to receive one lump-sum distribution per year beginning in the third year
of plan participation. Although pre-retirement distributions can subsequently be postponed (subject to conditions)
or canceled, participants cannot elect any additional pre-retirement distributions after initial enrollment, except in
limited circumstances.
Distributions are generally payable to participants upon termination of employment in a lump sum or, in the
case of retirement, disability or death, in a series of annual payments of up to 10 years, as elected by the participants,
subject to any requirements of Section 409A of the U.S. Tax Code.
The Deferred Compensation Plan is the successor to an earlier plan that provided substantially
similar benefits.
PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL
We have entered into agreements that provide for payments under certain circumstances in the event of
termination of employment of our executive officers. These agreements include:
• Change of control severance agreements, under which the executive officers may receive certain benefits
if they are subject to an involuntary termination within 12 months after a “change of control” because
his or her employment is terminated without cause or because the executive resigns for good reason.
• PSU and RSU award agreements, that provide for the accelerated vesting of the shares subject to the
award agreements under the same circumstances as under the change of control agreements.
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