Pottery Barn 2010 Annual Report Download - page 147

Other Annual Compensation from Summary Compensation Table
The following table sets forth the compensation and benefits included under “All Other Compensation” in the
Summary Compensation table above.
Year
Life
Insurance
Premiums(1)
Matching
Contribution
to the
401(k) Plan(2)
Car
Allowance
Executive
Medical
Supplement(3) Parking(4)
Dividend
Equivalent
Payments Other Total
Laura J. Alber ................. 2010 $ 420 $6,125 $6,000 — — $ 50,250 — $ 62,795
2009 $ 381 $6,125 $6,000 — — $ 72,000 — $ 84,506
2008 $ 378 $5,750 $6,000 $2,500 $2,200 $ 71,250 — $ 88,078
W.HowardLester .............. 2010 $2,995 $6,125 $2,000 — — $246,365(5) $459,361(6) $716,846
2009 $8,652 $6,125 $6,000 — — — $463,249(7) $484,026
2008 $8,652 $5,750 $6,000 $2,500 $2,200 — $675,772(7) $700,874
Sharon L. McCollam ........... 2010 $ 630 $6,125 $6,000 — — $ 50,250 — $ 63,005
2009 $ 630 $6,125 $6,000 — — $ 72,000 — $ 84,755
2008 $ 630 $5,750 $6,000 $2,500 $2,200 $ 71,250 — $ 88,330
Patrick J. Connolly ............. 2010 $2,772 $6,125 $6,000 — — — — $ 14,897
2009 $2,772 $6,125 $6,000 — — — — $ 14,897
2008 $2,772 $5,750 $6,000 $2,500 $2,200 — — $ 19,222
Richard Harvey ............... 2010 $ 630 $6,125 $6,000 — — $ 13,400 — $ 26,155
2009 $ 630 $6,125 $6,000 — — $ 19,200 — $ 31,955
2008 $ 436 $5,750 $6,000 $2,500 — $ 19,000 — $ 33,686
Seth R. Jaffe .................. 2010 $ 916 $6,125 $6,000 — — $ 3,350 — $ 16,391
2009 $ 900 $6,125 $6,000 — — $ 4,800 — $ 17,825
2008 $ 881 $5,750 $6,000 $2,500 $2,200 $ 4,750 — $ 22,081
(1) Premiums paid by us for term life insurance in excess of $50,000 for each fiscal year.
(2) Represents the maximum company matching contribution to the 401(k) plan for each fiscal year.
(3) Represents the maximum executive medical supplement payable by the company. Effective January 1, 2009, the company eliminated the
executive medical supplement.
(4) Represents the value of parking provided by the company, based on current estimated market rates. Effective January 1, 2009, the company
eliminated the parking subsidy. Individual executives are now personally responsible for paying for parking on site.
(5) Represents the following: (i) dividend equivalent payments on awards received by Mr. Lester prior to his retirement equal to $171,365 and
(ii) dividend equivalent payments on awards received by Mr. Lester pursuant to the Retirement and Consulting Agreement equal to $75,000.
Accrued dividends vested and became payable upon the same terms and at the same time as the awards to which they relate. Please see the
section titled “Employment Contracts and Termination of Employment and Change-of-Control Arrangements” beginning on page 56 for further
discussion about the terms of the Retirement and Consulting Agreement.
(6) Represents the following: (i) a lump sum payment of $175,000 received upon retirement, (ii) payment of $234,498 for consulting fees pursuant to
the Retirement and Consulting Agreement, (iii) reimbursement of legal fees in the amount of $31,468 pursuant to the Retirement and Consulting
Agreement, (iv) administrative support valued at approximately $2,711, based on the amount of time spent on administrative matters for
Mr. Lester pursuant to the Retirement and Consulting Agreement, and (v) $15,684 for personal use of our corporate aircraft, the value of which is
calculated as described in footnote (7) to this table. There were no tax gross-ups on any imputed income relating to any benefits or perquisites.
Please see the section titled “Employment Contracts and Termination of Employment and Change-of-Control Arrangements” beginning on page
56 for further discussion about the terms of the Retirement and Consulting Agreement.
(7) For personal use of our corporate aircraft. The value of personal aircraft usage reported above for each fiscal year is the aggregate incremental
cost to the company (including fuel, maintenance and certain fees and expenses) as determined and published from time to time by Conklin &
de Decker Associates, Inc. for each particular aircraft type utilized by the company, as well as a related foregone corporate tax deduction.
51
Proxy