Pep Boys 2007 Annual Report Download - page 33

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25
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
($)
Payments Made
During Last Plan
Year
($)
Joseph A. Cirelli 25 959,928 0
Mark L. Page Defined Benefit SERP -- 0 2,246,646(a)
(a) Such amount became payable to Mr. Page upon his retirement on September 7, 2007.
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
($)
Jeffrey C. Rachor -- 160,015 -- -- 160,015
Michael R. Odell -- 13,215 -- -- 13,215
Scott A. Webb -- 11,231 -- -- 11,231
Harry Yanowitz -- 69,470 8,011 -- 255,969
Hal Smith -- -- (19,906) 297,399 0
Nonqualified Deferred Compensation Plan
Name
Executive
Contributions
in Last FY
($)
Registrant
Contributions
in Last FY
($)
Aggregate
Earnings in
Last FY
($)
Aggregate
Withdrawals/
Distributions
($)
Aggregate
Balance at Last
FYE
($)
Jeffrey C. Rachor 360,000 360,000 -- -- 720,000
Michael R. Odell 28,356 28,356 -- -- 56,712
Joseph A. Cirelli -- (17,380) 39,577 68,751
Scott A. Webb 14,301 14,301 -- -- 28,602
Harry Yanowitz -- -- (6,967) -- 20,897
Hal Smith -- -- (14,671) 49,085 0
Mark L. Page -- -- (18,130) 208,178 0
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