Pier 1 2009 Annual Report Download - page 146

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amounts under the non-qualified deferred compensation plans described below under the caption ‘‘Non-Qualified Deferred
Compensation Table for the Fiscal Year Ended February 28, 2009’’. Additional information on these plans and the indicated
named executive officer’s participation is shown in that table.
(6) The following tables describe each component of the All Other Compensation column in the Summary Compensation
Table:
Fiscal 2009 All Other Compensation(a)
Payments
Relating to Moving,
Employee Relocation Total
Tax Gross- Savings and Other All Other
Name ups(b) Plans(c) Expenses(d) Compensation
Alexander W. Smith ................... $ 0 $6,996 — $ 6,996
Charles H. Turner .................... $ 0 $22,138 — $ 22,138
Gregory S. Humenesky ................. $ 0 $9,300 — $ 9,300
Jay R. Jacobs ....................... $ 0 $26,055 — $ 26,055
Sharon M. Leite ..................... $1,134 $ 8,804 $ 14,128 $ 24,066
David A. Walker ..................... $ 0 $22,065 $372,796 $394,861
(a) Perquisites less than $10,000 are not included in this table.
(b) This column reports the amount of gross-ups for taxes paid to the named executive officers. The amount paid to
Ms. Leite was for taxes on reimbursements taxable to Ms. Leite for non-deductible moving and relocation
expenses from her residence in Columbus, Ohio to Fort Worth, Texas. All eligible employees are entitled, pursuant
to Pier 1 Imports’ relocation policy, to have their wages ‘‘grossed-up’’ to offset the effects of tax liability associated
with non-deductible relocation and moving expenses.
(c) This column reports (a) Pier 1 Imports matching contributions to the named executive officer’s 401(k) savings
account equal to the sum of (i) 100% of the first one percent of the participant’s elected compensation deferral,
and (ii) 50% of the next four percent of the participant’s elected compensation deferral, up to the limitations
imposed under IRS rules; (b) the same rate of Pier 1 Imports matching contributions to the named executive
officer’s account in the Pier 1 Imports non-qualified deferred compensation plan known as the Benefit Restoration
Plan II, which is subject to the same vesting requirements as Pier 1 Imports’ 401(k) Retirement Plan; and
(c) Pier 1 Imports matching contributions to the named executive officer’s Stock Purchase Plan account.
Those contributions were as follows:
Name 401(k) BRP II SPP Total
Alexander W. Smith ....................... $6,996 N/A N/A $ 6,996
Charles H. Turner ......................... $7,073 $ 5,805 $9,260 $22,138
Gregory S. Humenesky ..................... $6,900 $ 0 $2,400 $ 9,300
Jay R. Jacobs ........................... $7,073 $10,530 $8,452 $26,055
Sharon M. Leite .......................... $8,804 N/A N/A $ 8,804
David A. Walker ......................... $5,919 $15,396 $ 750 $22,065
(Employment ended August 15, 2008)
Pier 1 Imports’ 401(k) and Stock Purchase Plan are broad based plans available to all eligible employees on a
non-discriminatory basis. All stock purchases and contributions under the Stock Purchase Plan were suspended
from March 29, 2008 through June 30, 2008. For fiscal 2009, matching contributions under the Stock Purchase Plan
were at the following rates for each named executive officer:
From March 2, From July 1,
2008 to 2008 to
March 28, February 28,
Name 2008 2009
Charles H. Turner ............................. 50% 25%
Gregory S. Humenesky .......................... 30% 25%
Jay R. Jacobs ................................ 50% 25%
David A. Walker .............................. 100% 25%
(Employment ended August 15, 2008)
(d) This column reports $1,038 cell phone allowance paid to Ms. Leite, $4,135 reimbursement paid to her for moving
and relocation expenses from her residence in Columbus, Ohio to Fort Worth, Texas, and travel expenses of $8,955
paid by Pier 1 Imports for her travel between Columbus, Ohio and Fort Worth, Texas during her period of
relocation. This column reports $372,796 paid to Mr. Walker under an agreement for severance benefits with
respect to the end of Mr. Walker’s employment with Pier 1 Imports.
48