Harris Teeter 2010 Annual Report Download - page 106

For more information on the outstanding shares of restricted stock held by the NEOs, please refer to
“Outstanding Equity Awards at Fiscal Year-End for 2010”.
(2) This column represents Incentive Bonuses paid to the NEOs. In accordance with the Securities and Exchange
Commission requirements, Incentive Bonuses paid are “performance-based” and therefore are reported in the
Non-Equity Incentive Plan Compensation column. As described in the “Compensation Discussion and
Analysis” section, such cash incentive bonuses are paid to the NEOs when specific performance measures are
achieved and the payment is approved by the Compensation Committee. These amounts were paid in
November 2010 with respect to the Company’s performance in Fiscal 2010.
(3) The amounts listed are attributable to the change in actuarial present value for the Pension Plan and the SERP
from September 28, 2009 through October 3, 2010. For a discussion of the assumptions underlying this
valuation, please refer to the note to the table entitled “Pension Benefits for 2010”. The Company’s non-
qualified deferred compensation plan does not provide above-market or preferential earnings on deferred
compensation, and therefore, in accordance with Securities and Exchange Commission rules, there were no
changes of value attributable to nonqualified deferred compensation earnings. A positive change in the actuarial
present value of the benefits under the Pension Plan and the SERP can occur due to changes in the discount
rate. Messrs. Dickson, Woodlief, Morganthall and Jackson had a positive change in the actuarial accrued
present value of the benefits under the Pension Plan and the SERP due to a decrease in the discount rate from
5.75% for the Pension Plan and 5.60% in the SERP for Fiscal 2009 to 5.05% for the Pension Plan and 4.65%
for the SERP for Fiscal 2010.
(4) All other compensation for each of the NEOs consists of the following:
Thomas W.
Dickson John B. Woodlief Frederick J. Morganthall, II Fred A. Jackson
Executive Bonus Insurance Plan ($) ................ 26,108 47,100 33,994 44,594
Ruddick Retirement and Savings Plan ($) ........... 17,150 15,687 17,150 9,800
Executive Long Term Disability Plan ($) ........... 6,978 3,835 3,333 3,221
Key Employee Life Insurance Plan ($) ............. 19,341 15,542 15,854 11,078
Tax Reimbursement ($) .......................... 22,167 32,640 20,505 28,072
Dividends on unvested Restricted Stock Awards ($) . . . 30,186 15,192 16,014 6,360
Ruddick Corporation Flexible Deferral Plan ($) ...... 17,756 9,770 11,440 —
(5) This amount represents a discretionary bonus provided to Mr. Jackson in the amount of ten percent of his base
salary for Fiscal 2010 based on A&E’s operating profit achievement. See “Compensation Discussion and
Analysis – Elements of Compensation” for further information.
Grants of Plan-Based Awards for 2010
Estimated
Future
Payouts Under
Non-Equity
Incentive Plan
Awards (1)
Estimated
Future Payouts
Under Equity
Incentive Plan
Awards (2)
All Other
Stock Awards:
Number of
Shares of Stock
or Units
Grant Date
Fair Value of
Stock and
Option Awards
Name Grant Date Threshold($) Target(#) (#)(3) ($)(4)
Thomas W. Dickson
Incentive Bonus ................... 11/19/09 — NA NA NA
Performance Shares ............... 11/19/09 NA 12,500 NA 333,531
Restricted Stock .................. 11/19/09 NA NA 12,500 333,531
John B. Woodlief
Incentive Bonus ................... 11/19/09 — NA NA NA
Performance Shares ............... 11/19/09 NA 6,250 NA 166,766
Restricted Stock .................. 11/19/09 NA NA 6,250 166,766
28