Pep Boys 2006 Annual Report Download - page 30

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24
otherwise payable under the SERP. Except as described in the immediately preceding sentence, benefits under the
SERP are not subject to deduction for Social Security or other offset amounts. Benefits under the SERP generally
vest after four years of participation.
Normal retirement defined benefits are based upon the average compensation (base salary plus accrued bonus)
of an executive during the five years that yield the highest benefit. The annual death benefit is equal to 50% of the
participant’s base salary on the date of his death, payable until the later of 15 years immediately following the date
of death or the participant’s normal retirement date. This plan also provides for a lump sum distribution of the
present value of a participant’s accrued defined benefits following termination of employment in connection with a
change in control of Pep Boys. A trust agreement has been established to better assure the executive officers of the
satisfaction of Pep Boys’ obligations under this plan following a change in control.
The following table shows information regarding pension benefits for the named executive officers.
Name Plan Name
Number of Years
Credited Service
(#)
Present Value of
Accumulated
Benefit
($)
Payments Made
During Last Plan
Year
($)
Mark L. Page Defined Benefit SERP 25 1,416,205 --
Nonqualified Defined Contribution and Other Nonqualified Deferred Compensation Plans
The following tables show information regarding benefits under our defined contribution SERP and Deferred
Compensation Plan for the named executive officers.
Nonqualified Defined Contribution Plan
Name
Executive
Contributions
in Last FY
($)
Registrant
Contributions
in Last FY
($)
Aggregate
Earnings in
Last FY
($)
Aggregate
Withdrawals/
Distributions
($)
Aggregate
Balance at Last
FYE
($)
Mark S. Bacon -- 42,153 1,710 -- 81,539
Hal Smith -- 101,373 16,701 -- 317,313
Harry Yanowitz -- 79,662 4,290 -- 178,451
Nonqualified Deferred Compensation Plan
Name
Executive
Contributions
in Last FY
($)
Registrant
Contributions
in Last FY
($)
Aggregate
Earnings in
Last FY
($)
Aggregate
Withdrawals/
Distributions
($)
Aggregate
Balance at Last
FYE
($)
Hal Smith -- -- 5,241 -- 76,108
Mark L. Page 56,209 13,877 11,193 184,098
Harry F. Yanowitz -- -- 1,450 10,959 27,436
Lawrence N. Stevenson 15,371 -- (5,839) 130,249 264,847