Harris Teeter 2012 Annual Report Download - page 106

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In addition to the amounts listed in the table above, Mr. Jackson received 22,500 shares of Company stock
underlying previously unvested restricted stock awards upon the Board’s accelerating vesting of all outstanding
and unvested restricted stock awards (and the shares of Company stock payable thereunder) previously granted to
A&E employees at the time of the A&E sale in November 2011.
Death. The table below summarizes the incremental benefits (beyond the accrued and vested benefits) that
each of the NEOs would be entitled to, assuming their death occurred on October 2, 2012.
Thomas W.
Dickson
($)
Frederick J.
Morganthall, II
($)
John B.
Woodlief
($)
Rodney C.
Antolock
($)
Fred A.
Jackson
($)
Incentive Bonus Payments ......... 837,187 472,500 479,208 379,925 —
Accelerated Equity Awards (1) .... 3,850,058 1,990,014 1,698,159 1,181,719 —
Accelerated (Reduced) SERP ...... (2,876,000) (2,019,000) (1,126,000) 1,971,000 (895,000)
Accelerated (Reduced) Pension
Benefit .......................... (683,000) (545,000) (212,000) (139,000) —
(1) The value of the accelerated equity awards is composed of restricted stock awards and performance share
awards. The value of the restricted stock awards and performance share awards is calculated by multiplying
the number of accelerated shares by the Average Price on the last business day prior to the assumed termination
of service date in accordance with plan administration rules.
Disability. The table below summarizes the incremental benefits (beyond the accrued and vested benefits) that
each of the current NEOs would be entitled to, assuming their disability occurred on October 2, 2012.
Thomas W.
Dickson
($)
Frederick J.
Morganthall, II
($)
John B.
Woodlief
($)
Rodney C.
Antolock
($)
Incentive Bonus Payments ................. 837,187 472,500 479,208 379,925
Accelerated Equity Awards (1) ............. 3,850,058 1,990,014 1,698,159 1,181,719
Accelerated SERP (2) ...................... 1,841,000 — — 3,477,000
Accelerated (Reduced) Pension Benefit .... (591,000) (260,000) (23,000) (3,000)
(1) The value of the accelerated equity awards is composed of restricted stock awards and performance share
awards. The value of the restricted stock awards and performance share awards is calculated by multiplying
the number of accelerated shares by the average of the high and low trading price on the last business day
prior to the assumed termination of service date in accordance with plan administration rules.
(2) Messrs. Dickson and Antolock are the only current NEOs not currently eligible for the full Plan benefit.
Termination Without Cause. The table below summarizes the incremental benefits (beyond the accrued and
vested benefits) that each of the current NEOs would be entitled to, assuming their termination by the Company
on October 2, 2012, prior to a “change in control” or more than twenty-four (24) months following a “change in
control” other than for “cause”, death, or disability.
Thomas W.
Dickson
($)
Frederick J.
Morganthall, II
($)
John B.
Woodlief
($)
Rodney C.
Antolock
($)
Severance Benefit (1) ...................... 3,092,374 1,346,250 1,932,416 744,925
Incentive Bonus Payments (2) ............. 837,187 397,500 479,208 329,925
Accelerated Equity Awards (3) ............. 3,850,058 1,990,014 1,698,159 1,181,719
Health and Welfare Benefits (4) ............ 215,730 137,619 230,400 71,685
(1) The value of the severance benefit is calculated in accordance with and payable under the terms of each current
NEO’s Change-in-Control and Severance Agreement.
38