Pizza Hut 2011 Annual Report Download - page 77

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ALL OTHER COMPENSATION TABLE
The following table contains a breakdown of the compensation and benefits included under All Other
Compensation in the Summary Compensation Table above for 2011.
Insurance
Name Perquisites(1) Tax Reimbursements(2) premiums(3) Other(4) Total
(a) (b) (c) (d) (e) (f)
Novak ......................... 214,017 — 82,169 12,991 309,177
Carucci ........................ — — 18,798 — 18,798
Su ........................... 211,401 1,595,564 25,498 10,067 1,842,530
Allan .......................... — — 21,250 500 21,750
Pant .......................... — — 8,786 300,000 308,786
(1) Amounts in this column include for Mr. Novak: incremental cost for the personal use of Company aircraft ($214,017)—we calculate the
incremental cost to the Company of any personal use of Company aircraft based on the cost of fuel, trip-related maintenance, crew
travel, on board catering, landing and license fees, ‘‘dead head’’ costs of flying planes to and from locations for personal use, and
contract labor, and for Mr. Su: expatriate spendables/housing allowance ($211,401). As described further beginning on page 43 under
the heading ‘‘2011 Executive Compensation Decisions’’, as of 2011, the Company ceased providing several perquisites including car
allowance, country club membership, perquisite allowance and annual physical.
(2) Amounts in this column reflect payments to the executive of tax reimbursements. For Mr. Su, as explained at page 51, this amount
represents the Company provided tax reimbursement for China income taxes incurred on deferred income distributions and stock
option exercises which exceed the marginal Hong Kong tax rate.
(3) These amounts reflect the income each executive was deemed to receive from IRS tables related to Company provided life insurance in
excess of $50,000 and from premiums paid by the Company for additional long term disability insurance for each executive as described
in more detail at page 50. With respect to the life insurance, the Company provides every salaried employee with life insurance coverage
up to one times the employee’s salary plus target bonus. The amount of income deemed received with respect to the life insurance for
Messrs. Novak, Carucci, Su, Allan and Pant was $18,030, $5,776, $12,848, $10,428 and $6,795, respectively. The additional long term
disability premiums made on behalf of Messrs. Novak, Carucci, Su, Allan and Pant were $64,139, $13,022, $12,650, $10,822 and $1,991,
respectively.
(4) Except in the case of Mr. Pant, this column reports the total amount of other benefits provided, none of which individually exceeded the
greater of $25,000 or 10% of the total amount of these benefits and the perquisites and other personal benefits shown in column (b) for
each NEO. These other benefits include: home security expense, relocation expenses, tax preparation assistance and Company provided
parking. For Mr. Pant, this column also includes Company annual allocations of $300,000 to an unfunded, unsecured account based
retirement plan called the Leadership Retirement Plan.
Proxy Statement
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