Eli Lilly 2008 Annual Report Download - page 109

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PROXY STATEMENT
107107
Nonqualifi ed Deferred Compensation in 2008
Name Plan
Executive
Contributions in
Last Fiscal Year
($) 1
Registrant
Contributions in
Last Fiscal Year
($) 2
Aggregate
Earnings in Last
Fiscal Year
($)
Aggregate
Withdrawals/
Distributions in
Last Fiscal Year
($)
Aggregate
Balance at Last
Fiscal Year End
($) 3
Mr. Taurel nonqualifi ed savings $51,019 $51,019 ($902,296) $2,170,064
deferred compensation — — $473,727 $9,024,790
total $51,019 $51,019 ($428,569) $0 $11,194,854
Dr. Lechleiter nonqualifi ed savings $66,548 $66,548 ($282,414) $729,866
deferred compensation $1,080,138 — $210,586 $4,207,892
total $1,146,686 $66,548 ($71,828) $0 $4,937,758
Dr. Paul nonqualifi ed savings — — ($213,476) $485,199
deferred compensation——— —
total $0 $0 ($213,476) $0 $485,199
Mr. Carmine nonqualifi ed savings $33,187 $33,187 ($84,211) $215,816
deferred compensation $344,422 — $47,278 $963,203
total $377,609 $33,187 ($36,933) $0 $1,179,019
Mr. Rice nonqualifi ed savings $36,247 $36,247 ($62,423) $198,920
deferred compensation——— —
total $36,247 $36,247 ($62,423) $0 $198,920
Mr. Armitage nonqualifi ed savings $32,926 $32,926 ($136,712) $304,756
deferred compensation $1,020,457 — $179,099 $3,597,219
total $1,053,383 $32,926 $42,387 $0 $3,901,975
1 The amounts in this column are also included in the Summary Compensation Table on page 100, in the “Salary”
column (nonqualifi ed savings) or the “Non-Equity Incentive Plan Compensation” column (deferred compensation).
2 The amounts in this column are also included in the Summary Compensation Table on page 100, in the “All Other
Compensation” column as a portion of the savings plan match.
3 Of the totals in this column, the following amounts have previously been reported in the Summary Compensation
Table for this year and for previous years:
Name 2008 ($) Previous Years ($) Total ($)
Mr. Taurel $102,038 $3,520,965 $3,623,003
Dr. Lechleiter $1,213,233 $2,666,297 $3,879,530
Dr. Paul $0 $218,711 $218,711
Mr. Carmine $410,795 $0 $410,795
Mr. Rice $72,494 $110,110 $182,604
Mr. Armitage $1,086,309 $2,620,075 $3,706,384
The Nonqualifi ed Deferred Compensation in 2008 table above shows information about two company pro-
grams: a nonqualifi ed savings plan and a deferred compensation plan. The nonqualifi ed savings plan is designed
to allow each executive to contribute up to six percent of his or her base salary, and receive a company match,
beyond the contribution limits prescribed by the IRS with regard to 401(k) plans. This plan is administered in the
same manner as the company 401(k) Plan, with the same participation and investment elections, and all employ-
ees are eligible to participate. Executive offi cers and other executives may also defer receipt of all or part of their
cash compensation under the company’s deferred compensation plan. Amounts deferred by executives under this
program are credited with interest at 120 percent of the applicable federal long-term rate as established for the
preceding December by the U.S. Treasury Department under Section 1274(d) of the Internal Revenue Code with
monthly compounding, which was 5.5 percent for 2008 and is 5.2 percent for 2009. Participants may elect to receive
the funds in a lump sum or in up to 10 annual installments following retirement, but may not make withdrawals
during their employment, except in the event of hardship as approved by the compensation committee. All deferral
elections and associated distribution schedules are irrevocable. Both plans are unfunded and subject to forfeiture
in the event of bankruptcy.