Rayovac 2009 Annual Report Download - page 103

Table of Contents
Index to Financial Statements All Other Compensation Table
(Fiscal 2009)
Name
Financial
Planning
Services
Provided
to Executive
Life
Insurance
Premiums
Paid on
Executives
Behalf(1)
Reimburse−
ment of
Medical
Expenses
Not Paid By
Company’s
Health
Plan(2)
Personal
Use of
Company
Jet(3)
Car
Allowance/
Personal
Use of
Company
Car(4)
Tax
Equalization
Payments(5)
Company
Contributions
to Executive’s
Qualified
Retirement
Plan(6)
Company
Contributions
to Executive’s
Nonqualified
Retirement
Plan(7)
Other
Compen−
sation
Cost of Living
Differential
Allowance(8)
Earned
Severance
Pay(9)
Relocation
Expenses
Provided to
Executive Total
Mr. Hussey $ 30,000 $ 22,473 $ 10,866 $ 7,168 $ 17,410 $ 65,942 $ 9,200 $ 112,500 $ — $ 36,000 $ — $ — $311,559
Mr. Genito $ 20,000 $ 3,161 $ — $ — $ 14,250 $ 8,805 $ 11,983 $ — $ — $ — $ — $ — $ 58,200
Mr. Lumley $ 20,000 $ 7,470 $ — $ — $ 19,250 $ 14,384 $ 9,200 $ 75,000 $ — $ — $ — $ — $145,304
Mr. Heil $ 20,000 $ 7,800 $ — $ — $ 18,000 $ 4,200 $ 12,946 $ 60,000 $ — $ — $ — $ — $130,446
Ms. Yoder $ — $ 1,440 $ — $ — $ — $ — $ — $ — $ — $ — $ 176,691 $ — $178,131
(1) The amount represents the life insurance premium paid for the fiscal year. The Company provides life insurance coverage equal to three times base salary for each executive officer.
(2) Amounts represent reimbursements under the Medical Expenses Reimbursement Plan described under the heading “Perquisites and Benefits”.
(3) Amounts represent the aggregate incremental usage costs associated with the personal use of the Company aircraft by Mr. Hussey prior to the Company’s disposal of its leased
aircraft. This benefit is described under the heading “Perquisites and Benefits”.
(4) The Company sponsors a leased car and car allowance program. Under the leased car program, costs associated with using the vehicle are also provided. These include fuel costs
(prior to elimination in April 2009), maintenance, insurance and license and registration. Under the car allowance program, the executive receives a fixed monthly allowance. Going
forward, the Company expects to utilize only a car allowance program. All of the named executive officers other than Mr. Heil and Ms. Yoder, participate in the leased car program.
Mr. Heil receives a $1,500 per month car allowance.
(5) Includes tax gross−up payments for the financial benefits received for the following executive benefits and perquisites: financial planning, executive life insurance, executive leased
car program and personal use of the company jet, as described under the heading “Tax Gross−Ups”.
(6) Represents amounts contributed under the Company−sponsored 401(k) retirement plan.
(7) Represents the Company’s contribution to each participating named executive officers’ SERP account, consisting of annual contribution.
(8) In connection with the relocation of the Company’s corporate headquarters from Madison, Wisconsin to Atlanta, Georgia, Mr. Hussey was provided a cost of living differential
allowance in the amount of $3,000 per month.
(9) Represents amounts paid to Ms. Yoder pursuant to her separation agreement.
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