Eli Lilly 2015 Annual Report Download - page 163

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6 percent for each year under age 65. Transition benefits were afforded to employees with 50 points (age plus
service) or more as of December 31, 2009. These benefits were intended to ease the transition to the new
retirement formula for those employees who were closer to retirement or had been with the company longer
at the time the plan was changed. For the transition group, early retirement benefits are reduced 3 percent for
each year from age 65 to age 60 and 6 percent for each year under age 60. All named executive officers
except Dr. Lundberg are in this transition group.
Pre-2010 Plan Information: Employees hired prior to February 1, 2008 accrued benefits under both plan
formulae. For these employees, benefits that accrued before January 1, 2010 were calculated under the old
plan formula. The amount of the benefit is calculated using actual years of service through December
31, 2009, while total years of service is used to determine eligibility and early retirement reductions. The
benefit amount is increased (but not decreased) proportionately, based on final average earnings at
termination compared to final average earnings at December 31, 2009. Full retirement benefits are earned by
employees with 90 or more points (the sum of his or her age plus years of service). Employees electing early
retirement receive reduced benefits as described below:
• The benefit for employees with between 80 and 90 points is reduced by 3 percent for each year under
90 points or age 62.
• The benefit for employees who have less than 80 points, but who reached age 55 and have at least
10 years of service, is reduced as described above and is further reduced by 6 percent for each year
under 80 points or age 65.
Nonqualified Deferred Compensation in 2015
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
Dr. Lechleiter nonqualified savings $74,100 $74,100 $300,087 $0 $3,466,951
deferred compensation $1,249,500 $424,443 $12,069,225
total $1,323,600 $74,100 $724,530 $0 $15,536,176
Mr. Rice nonqualified savings $46,812 $46,812 $102,420 $0 $1,437,499
deferred compensation $0 $0 $0
total $46,812 $46,812 $102,420 $0 $1,437,499
Dr. Lundberg nonqualified savings $44,571 $44,571 $53,817 $0 $698,107
deferred compensation $0 $0 $0
total $44,571 $44,571 $53,817 $0 $698,107
Mr. Harrington nonqualified savings $31,150 $31,150 $2,740 $296,231
deferred compensation $0 $4,544 $140,233
total $31,150 $31,150 $7,284 $0 $436,464
Mr. Conterno nonqualified savings $26,439 $26,439 $53,868 $0 $648,314
deferred compensation $100,000 $31,344 $884,918
total $126,439 $26,439 $85,212 $0 $1,533,232
1 The amounts in this column are also included in the “Summary Compensation Table,” in the “Salary” column
(nonqualified 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,” in the “All Other
Compensation” column as a portion of the savings plan match.