Dollar Tree 2015 Annual Report Download - page 83

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67
Contributions to and reimbursements by the Company of expenses of the plan included in "Selling, general and
administrative expenses" in the accompanying consolidated income statements were as follows:
Year ended January 30, 2016 $36.6 million
Year ended January 31, 2015 $41.1 million
Year ended February 1, 2014 $35.8 million
Eligible employees vest in the Company’s profit sharing contributions based on the following schedule:
20% after two years of service
40% after three years of service
60% after four years of service
100% after five years of service
All eligible employees are immediately vested in any Company match contributions under the 401(k) portion of the plan.
Family Dollar 401(k) Retirement Plan
The Company maintains a defined contribution 401(k) plan which is available to all eligible Family Dollar employees. The
Company may make contributions at its discretion. Contributions to and reimbursements by the Company of expenses of the
plan included in "Selling, general and administrative expenses" in the accompanying consolidated income statements were $6.2
million for the year ended January 30, 2016.
Dollar Tree Deferred Compensation Plan
The Company has a deferred compensation plan which provides certain Dollar Tree officers and executives the ability to
defer a portion of their base compensation and bonuses and invest their deferred amounts. The plan is a nonqualified plan and
the Company may make discretionary contributions. The deferred amounts and earnings thereon are payable to participants, or
designated beneficiaries, at specified future dates, or upon retirement or death. Total cumulative participant deferrals and
earnings were approximately $5.2 million and $5.5 million, respectively, at January 30, 2016 and January 31, 2015, and are
included in "Other liabilities" on the accompanying consolidated balance sheets. The related assets are included in "Other
assets" on the accompanying consolidated balance sheets. The Company did not make any discretionary contributions in the
years ended January 30, 2016, January 31, 2015, or February 1, 2014.
Family Dollar Deferred Compensation Plan
The Company has a deferred compensation plan which provides certain Family Dollar officers and executives the ability to
defer a portion of their base compensation and bonuses and invest their deferred amounts. The plan is a nonqualified plan and
the Company does not make contributions to this plan or guarantee earnings. The deferred amounts and earnings thereon are
payable to participants, or designated beneficiaries, at either specified future dates, or upon separation of service or death. Total
cumulative participant deferrals and earnings were approximately $15.9 million at January 30, 2016.
NOTE 10 - STOCK-BASED COMPENSATION PLANS
Fixed Stock Option Compensation Plans
Under the Equity Incentive Plan (EIP), the Company granted up to 18.0 million shares of its Common Stock, plus any
shares available for future awards under the 1995 Stock Incentive Plan, to the Company’s employees, including executive
officers and independent contractors. The EIP permitted the Company to grant equity awards in the form of stock options,
stock appreciation rights and restricted stock. The exercise price of each stock option granted equaled the market price of the
Company’s stock at the date of grant. The options generally vested over a three-year period and have a maximum term of 10
years. This plan was terminated on June 16, 2011 and replaced with the Company’s Omnibus Incentive Plan (Omnibus Plan).
The Executive Officer Equity Incentive Plan (EOEP) was available only to the Chief Executive Officer and certain other
executive officers. These officers no longer received awards under the EIP. The EOEP allowed the Company to grant the same
types of equity awards as the EIP. These awards generally vested over a three-year period, with a maximum term of 10 years
for stock options. This plan was terminated on June 16, 2011 and replaced with the Omnibus Plan.
Stock appreciation rights may be awarded alone or in tandem with stock options. When the stock appreciation rights are
exercisable, the holder may surrender all or a portion of the unexercised stock appreciation right and receive in exchange an
amount equal to the excess of the fair market value at the date of exercise over the fair market value at the date of the grant. No
stock appreciation rights have been granted to date.