Pizza Hut 2010 Annual Report Download - page 83

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deferrals into the Matching Stock Fund vest immediately and RSUs attributable to the matching
contribution vest pro rata during the period beginning on the date of grant and ending on the first
anniversary of the grant and are fully vested on the first anniversary.
LRP Account Returns. The LRP provides an annual earnings credit to each participant’s account
based on the value of participant’s account at the end of each year. Under the LRP, Mr. Bergren receives
an annual earnings credit equal to 5%.
Distributions under EID and LRP. When participants elect to defer amounts into the EID Program,
they also select when the amounts ultimately will be distributed to them. Distributions may either be made
in a specific year—whether or not employment has then ended—or at a time that begins at or after the
executive’s retirement or separation or termination of employment.
Distributions can be made in a lump sum or up to 20 annual installments. Initial deferrals are subject
to a minimum two year deferral. In general, with respect to amounts deferred after 2005 or not fully vested
as of January 1, 2005, participants may change their distribution schedule, provided the new elections
satisfy the requirements of Section 409A of the Internal Revenue Code. In general, Section 409A requires
that:
• Distribution schedules cannot be accelerated (other than for a hardship)
• To delay a previously scheduled distribution,
• A participant must make an election at least one year before the distribution otherwise would
be made, and
• The new distribution cannot begin earlier than five years after it would have begun without the
election to re-defer.
With respect to amounts deferred prior to 2005, to delay a distribution the new distribution cannot
begin until two years after it would have begun without the election to re-defer.
Investments in the YUM! Stock Fund and YUM! Matching Stock Fund are only distributed in shares
of Company stock.
Proxy Statement
Under the LRP, participants receive a distribution of their vested account balance following the later
to occur of their attainment of age 55 or retirement from the Company.
Executive Registrant Aggregate Aggregate Aggregate
Contributions Contributions Earnings Withdrawals/ Balance
in Last FY in Last FY in Last FY Distributions at Last FYE
Name ($)(1) ($) ($)(2) ($)(3) ($)(4)
(a) (b) (c) (d) (e) (f)
Novak 2,993,760 — 32,068,678 67,603 114,530,171
Carucci — — 2,118,368 335,245 9,136,836
Su 1,718,917 — 1,393,948 2,458,912 5,498,655
Allan — — 3,736,866 — 12,788,939
Bergren — 336,700 2,172,894 207,192 9,097,392
(1) Amounts in this column reflect amounts that were also reported as compensation in our Summary
Compensation Table filed last year or would have been reported as compensation in our Summary
Compensation Table last year if the executive were a NEO.
(2) Amounts in this column reflect earnings during the last fiscal year on deferred amounts. All earnings
are based on the investment alternatives offered under the EID Program described in the narrative
above this table. Since these earnings are market based returns, they are not reported in the Summary
Compensation Table.
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