Pier 1 2016 Annual Report Download - page 126

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COMPENSATION
NAME
VOLUNTARY
TERMINATION
($)
EARLY
RETIREMENT
($)
VOLUNTARY
GOOD
REASON
TERMINATION
($)
INVOLUNTARY
WITHOUT
CAUSE
TERMINATION
($)
FOR CAUSE
TERMINATION
($)
CHANGE IN
CONTROL
($)
DEATH
($)
DISABILITY
($)
Alexander W.Smith
Employment Agreement
Compensation/Benefits $ 0 N/A $ 2,500,000(7) $ 2,500,000(7) $0 $ 0(7) $ 0 $ 312,500(7)
Supplemental Retirement Plan (1)
Benefit Payment $21,619,156 $21,619,156 $21,619,156 $21,619,156 $0 $23,195,737 $10,236,857 $24,612,469
Insurance Premiums $ 131,889 $ 131,889 $ 131,889 $ 131,889 $0 $ 131,889 $ 0 $ 131,889
Restricted Stock Awards
Time-based $ 0(2) N/A(3) $ 858,600(7) $ 858,600(7) $0(2) $0
(5) $0
(6) $0
(6)
Performance-based
Profit Goal Shares $ 0(2) N/A(3) $ 1,601,957(7) $ 1,601,957(7) $0(2) $0
(5) $0
(6) $0
(6)
TSR Shares $ 0(2) N/A(3) $ 1,073,250(7) $ 1,073,250(7) $0(2) $0
(5) $0
(6) $0
(6)
Jeffrey N.Boyer
Restricted Stock Awards
Time-based $ 0(2) N/A(3) $0
(2) $ 75,294(4) $0(2) $ 75,294(5) $ 75,294(6) $ 75,294(6)
Performance-based
Profit Goal Shares $ 0(2) N/A(3) $0
(2) $ 188,215(4) $0(2) $ 188,215(5) $ 188,215(6) $ 188,215(6)
TSR Shares $ 0(2) N/A(3) $0
(2) $ 37,673(4) $0(2) $ 37,673(5) $ 37,673(6) $ 37,673(6)
Laura A.Coffey
Restricted Stock Awards
Time-based $ 0(2) N/A(3) $0
(2) $ 51,416(4) $0(2) $ 51,416(5) $ 51,416(6) $ 51,416(6)
Performance-based
Profit Goal Shares $ 0(2) N/A(3) $0
(2) $0
(4) $0(2) $ 110,516(5) $0
(6) $0
(6)
TSR Shares $ 0(2) N/A(3) $0
(2) $0
(4) $0(2) $ 53,553(5) $0
(6) $0
(6)
e-Commerce Shares $ 0(2) N/A(3) $0
(2) $0
(4) $0(2) $ 18,317(5) $0
(6) $0
(6)
Michael R.Benkel
Restricted Stock Awards
Time-based $ 0(2) N/A(3) $0
(2) $ 85,574(4) $0(2) $ 85,574(5) $ 85,574(6) $ 85,574(6)
Time-based (Career Share Grants) $ 0(2) N/A(3) $0
(2) $ 194,425(4) $0(2) $ 194,425(5) $ 194,425(6) $ 194,425(6)
Performance-based
Profit Goal Shares $ 0(2) N/A(3) $0
(2) $0
(4) $0(2) $ 181,064(5) $0
(6) $0
(6)
TSR Shares $ 0(2) N/A(3) $0
(2) $0
(4) $0(2) $ 91,904(5) $0
(6) $0
(6)
e-Commerce Shares $ 0(2) N/A(3) $0
(2) $0
(4) $0(2) $ 33,638(5) $0
(6) $0
(6)
Catherine David
Restricted Stock Awards
Time-based $ 0(2) N/A(3) $0
(2) $ 105,846(4) $0(2) $ 105,846(5) $ 105,846(6) $ 105,846(6)
Time-based (Career Share Grants) $ 0(2) N/A(3) $0
(2) $ 194,425(4) $0(2) $ 194,425(5) $ 194,425(6) $ 194,425(6)
Performance-based
Profit Goal Shares $ 0(2) N/A(3) $0
(2) $0
(4) $0(2) $ 225,030(5) $0
(6) $0
(6)
TSR Shares $ 0(2) N/A(3) $0
(2) $0
(4) $0(2) $ 114,628(5) $0
(6) $0
(6)
e-Commerce Shares $ 0(2) N/A(3) $0
(2) $0
(4) $0(2) $ 40,187(5) $0
(6) $0
(6)
EricW.Hunter
Restricted Stock Awards
Time-based $ 0(2) N/A(3) $0
(2) $ 110,049(4) $0(2) $ 110,049(5) $ 110,049(6) $ 110,049(6)
Performance-based
Profit Goal Shares $ 0(2) N/A(3) $0
(2) $0
(4) $0(2) $ 165,223(5) $0
(6) $0
(6)
TSR Shares $ 0(2) N/A(3) $0
(2) $0
(4) $0(2) $ 49,250(5) $0
(6) $0
(6)
e-Commerce Shares $ 0(2) N/A(3) $0
(2) $0
(4) $0(2) $ 33,757(5) $0
(6) $0
(6)
(1) The amounts shown for voluntary termination, voluntary good reason termination and involuntary without cause termination represent a lump-sum amount of the actuarial equivalent of benefits under the
Supplemental Retirement Plan for Mr. Smith given his eligibility for early retirement under the plan. The amount shown for change in control represents the present value of the lump-sum amount of the
actuarial equivalent of the benefits for Mr. Smith assuming he is involuntarily terminated other than for cause, or left the employment of Pier 1 Imports for good reason (as defined in the plan), on
February 27, 2016, and that such date is within 24 months of a change in control (as defined in the plan) of Pier 1 Imports. The amount shown for death represents the retirement benefit that would have
been provided had Mr. Smith had a separation of service by reason of retirement on the day before death with a 50% joint and survivor annuity form. The amount shown for disability represents the
present value of the lump-sum amount of the actuarial equivalent of benefits that would be calculated under normal retirement, with the time from the separation date to the date Mr. Smith would attain
the age of 65 included in years of credited service.
(2) Generally, under grant agreements pursuant to the 2006 Plan and the Pier 1 Imports, Inc. 2015 Stock Incentive Plan (the “2015 Plan”), termination of employment for any reason results in a forfeiture to
Pier 1 Imports of all unvested restricted stock awards. However, as discussed in footnote 7 below, all shares of Mr. Smith’s restricted stock awarded pursuant to his employment agreement vest in the
event of a voluntary good reason termination or an involuntary without cause termination. The amounts shown in the table assume that the acceleration of vesting discussed in footnote 4 or 5 below does
not occur upon a voluntary termination of employment.
44 PIER 1 IMPORTS, INC. | 2016 Proxy Statement