Harris Teeter 2011 Annual Report Download - page 104

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Thomas W.
Dickson ($)
John B.
Woodlief ($)
Frederick J.
Morganthall, II ($)
Fred A.
Jackson ($)
Incentive Bonus Payments ................ 865,867 499,905 367,525 235,627
Accelerated Equity Awards (1) ............. 3,523,258 1,662,884 1,801,732 888,525
Accelerated (Reduced) SERP .............. (2,035,000) (817,000) (1,706,000) (617,000)
Accelerated (Reduced) Pension Benefit ...... (598,000) (170,000) (475,000) (443,000)
(1) The value of the accelerated equity awards is composed of restricted stock awards and performance share
awards. The value of the restricted stock awards and performance share awards is calculated by multiplying
the number of accelerated shares by the Average Price on the last business day prior to the assumed termination
of service date in accordance with plan administration rules.
Disability. The table herein summarizes the incremental benefits (beyond the accrued and vested benefits) that
each of the NEOs would be entitled to, assuming their disability occurred on October 2, 2011.
Thomas W.
Dickson ($)
John B.
Woodlief ($)
Frederick J.
Morganthall, II ($)
Fred A.
Jackson ($)
Incentive Bonus Payments ................ 865,867 499,905 367,525 235,627
Accelerated Equity Awards (1) ............. 3,523,258 1,662,884 1,801,732 888,525
Accelerated SERP (2) .................... 1,869,000 — — —
Accelerated (Reduced) Pension Benefit ...... (589,000) (30,000) (292,000) (59,000)
(1) The value of the accelerated equity awards is composed of restricted stock awards and performance share
awards. The value of the restricted stock awards and performance share awards is calculated by multiplying
the number of accelerated shares by the average of the high and low trading price on the last business day
prior to the assumed termination of service date in accordance with plan administration rules.
(2) Mr. Dickson is the only NEO not currently eligible for the full Plan benefit.
Termination Without Cause. The table herein summarizes the incremental benefits (beyond the accrued and
vested benefits) that each of the NEOs would be entitled to, assuming their termination by the Company on
October 2, 2011, prior to a “change in control” or more than twenty-four (24) months following a “change in control”
other than for “cause”, death, or disability.
Thomas W.
Dickson ($)
John B.
Woodlief ($)
Frederick J.
Morganthall, II ($)
Fred A.
Jackson ($)
Severance Benefit (1) .................... 3,095,734 1,944,810 1,274,288 845,441
Incentive Bonus Payments (2) ............. 865,867 499,905 367,525 235,627
Accelerated Equity Awards (3) ............. 3,523,258 1,662,884 1,801,732 888,525
Health and Welfare Benefits (4) ............ 172,870 229,492 140,043 148,188
(1) The value of the severance benefit is calculated in accordance with and payable under the terms of each NEO’s
Change-in-Control and Severance Agreement.
(2) The value of the Incentive Bonus payment is calculated in accordance with and payable under the terms each
NEO’s Change-in-Control and Severance Agreement.
(2) The value of the accelerated equity awards is composed of restricted stock awards and performance share
awards. The value of the restricted stock and performance share awards is calculated by multiplying the number
of accelerated shares by the average of the high and low trading price on the last business day prior to the
assumed termination of service date in accordance with plan administration rules.
(4) This represents the aggregate estimated net cost to the Company of health and welfare benefits provided to
each NEO under the terms of such NEO’s Change-in-Control and Severance Agreement.
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