American Home Shield 2008 Annual Report Download - page 151

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Table of Contents
2008 Nonqualified Deferred Compensation
Named Executive Officer
Executive
Contributions
in Last FY
($)(1)
Registrant
Contributions
in Last FY
($)(2)
Aggregate
Earnings in
Last FY
($)(3)
Aggregate
Withdrawals/
Distributions
($)
Aggregate
Balance at
Last FYE
($)(4)
J. Patrick Spainhour 0 0 0 0 0
Steven J. Martin 0 0 (92,360) 0 164,409
Greerson G. McMullen 222,750 0 (49,523) 0 229,323
Dennis R. Sutton 0 0 0 0 0
Thomas G. Brackett 0 0 (123) (4,681) 94,040
Michael M. Isakson 0 0 (1,003) (28,090) 400,000
Lisa V. Goettel 0 0 (6,442) (101,726) 0
Amount shown in this column for Mr. McMullen is included in the "Summary Compensation Table" as 2008 salary.
Matching contributions to the DCP were not made in 2008.
The amounts in this column do not represent above-market or preferential earnings and therefore are not included in the "Summary Compensation
Table."
In 2007, Messrs. McMullen, Brackett and Isakson each elected to allocate a portion of his eligible deferred compensation to invest in 2,503 deferred
share units, 9,404 deferred share units and 40,000 deferred share units, respectively. The value of these units is included in the "Aggregate Balance at
Last FYE" column.
Deferred Compensation Plan
The DCP is a nonqualified deferred compensation plan designed to afford certain highly compensated employees the opportunity to defer up to 75% of
their compensation on a pre-tax basis. Deferred amounts are credited with earnings or losses based on the rate of return of mutual funds selected by the
participants in the DCP. The Company, in its sole discretion, may make matching contributions, based on the amounts that are deferred by employees
pursuant to the DCP, but did not choose to make matching contributions for 2008. Distributions are paid at the time elected by the participant in accordance
with the DCP.
The DCP is not funded by the Company, and participants have an unsecured contractual commitment from the Company to pay the amounts due under
the DCP. All plan assets are considered general assets of the Company. When such payments are due, the cash will be distributed from the DCP's rabbi trust.
Participants in the 2007 offering under the MSIP were permitted to allocate eligible deferred compensation under the DCP to purchase deferred share
units, which represent the right to receive a share of Holdings common stock on the first to occur of (i) the participant's termination of employment, (ii) a
fixed date selected by the participant, or (iii) a change in control of Holdings. Deferred share units were acquired for $10 per deferred share unit.
Messrs. McMullen, Isakson and Brackett are the only Named Executive Officers who elected to allocate a portion of their eligible deferred compensation to
purchase deferred share units.
147
(1)
(2)
(3)
(4)