Texas Instruments 2015 Annual Report Download - page 105

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PROXY STATEMENT
(4) Consists of performance bonus and profit sharing for 2014. Please see page 94 for the amounts of bonus and profit sharing paid to
each of the named executive officers for 2014.
(5) The company does not pay above-market earnings on deferred compensation. Therefore, no amounts are reported in this column
for deferred compensation. The amounts in this column represent the change in the actuarial value of the named executive officers’
benefits under the qualified defined benefit pension plan (TI Employees Pension Plan) and the non-qualified defined benefit pension
plans (TI Employees Non-Qualified Pension Plan and TI Employees Non-Qualified Pension Plan II) from December 31, 2013, through
December 31, 2014. This “change in the actuarial value” is the difference between the 2013 and 2014 present value of the pension
benefit accumulated as of year-end by the named executive officer, assuming that benefit is not paid until age 65. Mr. Templeton’s
and Mr. Crutcher’s benefits under the company’s pension plans were frozen as of December 31, 1997. Mr. Anderson does not
participate in any of the company’s defined benefit pension plans.
(6) Consists of (i) the amounts in the table below, which result from programs available to all eligible U.S. employees, and (ii) perquisites
and personal benefits that meet the disclosure thresholds established by the SEC and are detailed in the paragraph below.
Name
401(k)
Contribution
Defined
Contribution
Retirement
Plan (a)
Unused
Vacation
Time (b)
R. K. Templeton . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,400 $ 223,316 $ 16,125
K. P. March . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,200 N/A $ 15,309
B. T. Crutcher . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,400 $ 100,288 —
S. A. Anderson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,400 $ 58,289 $ 5,513
K. J. Ritchie . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,200 N/A —
(a) Consists of (i) contributions under the company’s enhanced defined contribution retirement plan of $5,200 and (ii) an additional
amount of $218,116 for Mr. Templeton, $95,088 for Mr. Crutcher, and $53,089 for Mr. Anderson accrued by TI to offset IRC
limitations on amounts that could be contributed to the enhanced defined contribution retirement plan, which amount is also shown
in the non-qualified deferred compensation table on page 106.
(b) Represents payments for unused vacation time that could not be carried forward.
The perquisites and personal benefits are as follows: $68,243 for Mr. Templeton, consisting of personal use of company aircraft
($57,095), financial counseling and an executive physical. Financial counseling and an executive physical were made available to the
other named executive officers, but the amounts attributable to those officers were below the disclosure thresholds. The amount shown
for personal use of aircraft is the incremental cost, which we valued using a method that takes into account: landing, parking and flight
planning services expenses; crew travel expenses; supplies and catering expenses; aircraft fuel and oil expenses per hour of flight;
communications costs; a portion of ongoing maintenance; and any customs, foreign permit and similar fees. Because company aircraft
are primarily used for business travel, this methodology excludes the fixed costs, which do not change based on usage, such as pilots’
salaries and the lease or purchase cost of the company-owned aircraft.