Pep Boys 2008 Annual Report Download - page 30

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24
Accordingly, in January 2009, Mr. Cirelli received the present value (as of December 31, 2008) of his accumulated
benefit under the Legacy Plan.
The following table shows information regarding Legacy Plan benefits for the named executive officers.
Name
Number of Years
Credited Service
(#)
Present Value of
Accumulated
Benefit
($)
Payments Made
During Last Plan
Year
($)
Joseph A. Cirelli 25 0 1,406,676
Nonqualified Defined Contribution and Other Nonqualified Deferred Compensation Plans
As explained in our Compensation Discussion and Analysis, set forth below is information regarding benefits
under our non-qualified defined contribution plan (our Account Plan) and Deferred Compensation Plan for our
named executive officers. The Account Plan is a retirement plan pursuant to which we make annual contributions
based upon a named executive officer’s age and then current compensation. In order to further assist our named
executive officers with their retirement savings, the Deferred Compensation Plan allows participants to defer up to
20% of their annual salary and 100% of their annual bonus. In order to further encourage share ownership and
more directly align the interests of named executive officers with that of our shareholders, the first 20% of an
executive’s bonus deferred into Pep Boys Stock is matched by the Company on a one-for-one basis with Pep Boys
Stock that vests over three years.
Nonqualified Defined Contribution Plan (our Account 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
($)
Michael R. Odell -- 83,101 215 -- 96,531
Raymond L. Arthur -- 49,846 0 -- 49,846
Troy E. Fee -- 36,250 192 -- 48,253
Scott A. Webb -- 47,151 183 -- 58,565
Jeffrey C. Rachor(a) -- -- 1,004 -- --
Harry Yanowitz(b) -- -- 4,039 260,008 --
(a) Amounts held in Mr. Rachor’s account were unvested at the time of his resignation from the Company and,
accordingly, forfeited.
(b) Such vested amount became distributable to Mr. Yanowitz upon his resignation from the Company.