Energy Transfer 2010 Annual Report Download - page 113

Compensation Tables
Summary Compensation Table
Name and Principal Position Year Salary ($)
Bonus
($) (1)
Equity
Awards
($) (2)
Option
Awards
($)
Non-Equity
Incentive Plan
Compensation
($)
Change in
Pension Value
and Nonqualified
Deferred
Compensation
Earnings
($)
All Other
Compensation
($) (3)
Total
($)
Kelcy L. Warren (4) 2010 $ 2,766 $ — $ — $ — $ — $ — $ — $ 2,766
Chief Executive Officer 2009 2,289 — — — — — — 2,289
2008 2,272 — — — — — — 2,272
Martin Salinas, Jr. (5) 2010 356,058 480,000 999,600 — — 7,648 27,250 1,870,556
Chief Financial Officer 2009 350,000 — 847,062 — — — 31,293 1,228,355
2008 261,539 550,000 727,265 — — — 6,922,369 8,461,173
Marshall S. (Mackie) McCrea, III 2010 538,077 729,500 13,455,000 — — — 12,250 14,734,827
President and Chief
Operating Officer
2009 500,000 — 883,000 — — — 12,250 1,395,250
2008 444,154 750,000 825,678 — — — 3,427,408 5,447,240
Thomas P. Mason 2010 427,513 482,530 999,600 — — — 34,990 1,944,633
Vice President, General
Counsel and Secretary
2009 420,240 — 802,912 — — — 41,005 1,264,157
2008 410,410 630,000 2,332,800 — — — 32,347 3,405,557
William G. Powers, Jr. (6) 2010 400,000 425,000 499,800 — — — 20,004 1,344,804
President of Propane
Operations
2009 407,692 500,000 441,500 — — — 22,000 1,371,192
2008 336,925 300,000 1,353,827 — — — 20,488 2,011,240
(1) The discretionary cash bonus amounts for our named executive officers for 2010 include (i) cash bonuses
approved by the Compensation Committee in April 2010 and paid in April 2010, and (ii) cash bonuses
approved by the Compensation Committee in February 2011 that are expected to be paid in March 2011.
(2) Equity award amounts reflect the aggregate grant date fair value of unit awards granted for the periods
presented.
(3) The amounts in this column include (i) the aggregate grant date fair value related to grant of equity-based
awards of units in ETE from an affiliate to certain of our named executive officers during the periods
presented ($3,412,500 for Mr. McCrea in 2008 and $6,906,600 for Mr. Salinas in 2008), as discussed above
and in Note 8 to our consolidated financial statements, (ii) contributions to the 401(k) plan made by ETP on
behalf of the named executive officers and (iii) expenses paid by us for housing for Messrs. Mason and
Salinas near our executive office in Dallas. Vesting in 401(k) contributions occurs immediately.
(4) Mr. Warren voluntarily determined that his salary would be reduced to $1.00 per year (plus an amount
sufficient to cover his allocated payroll deductions for health and welfare benefits). He does not accept a
cash bonus or any equity awards under the equity incentive plans.
(5) Mr. Salinas was promoted to Chief Financial Officer effective June 2008. The 2008 amounts reflect his
compensation for the entire year.
(6) Mr. Powers was promoted to President of Propane Operations in May 2008. The 2008 amounts reflect his
compensation for the entire year.
The named executive officers’ life insurance premiums are paid by the Partnership on the same basis as all other
employees. Since this represents non-discriminatory group life insurance available to all salaried employees, the
premiums paid are not included in the table above. Amounts presented do not include the value of unvested unit
awards under equity incentive plans that would fully vest upon a change of control as defined in our plans, which
amounts are reflected in the “Outstanding Equity Awards at Year-End Table” below. Amounts presented do not
include the value of unvested affiliate equity awards granted to Messrs. McCrea, Salinas and Mason that would
fully vest upon a change of control as defined in the equity incentive plans, which value was $4,922,820 for
Mr. McCrea, $5,626,080 for Mr. Salinas, and $2,148,850 for Mr. Mason, based on the closing price of ETE’s
common units on December 31, 2010.
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