Jack In The Box 2007 Annual Report Download - page 75

Future cash flows — Our policy is to fund our plans at or above the minimum required by law. Contributions
expected to be paid in the next fiscal year and the projected benefit payments for each of the next five fiscal years
and the total aggregate amount for the subsequent five fiscal years are as follows (in thousands):
Defined Benefit
Pension Plans
Postretirement
Health Plans(1)
Estimated net contributions during fiscal 2008 ................. $15,195 $ 790
Estimated future year benefit payments during fiscal years:
2008 .............................................. $ 6,355 $ 790
2009 .............................................. 7,237 873
2010 .............................................. 7,766 929
2011 .............................................. 8,405 980
2012 .............................................. 9,199 1,048
2013-2017 .......................................... 64,914 6,107
(1) Net of Medicare Part D Subsidy.
Expected benefit payments are based on the same assumptions used to measure our benefit obligation at
September 30, 2007 and include estimated future employee service.
8. SHARE-BASED EMPLOYEE COMPENSATION
Stock incentive plans — We offer share-based compensation plans to attract, retain, and motivate key officers,
non-employee directors, and employees to work toward the financial success of the Company.
Our stock incentive plans are administered by the Compensation Committee of the Board of Directors and
have been approved by the stockholders of the Company. The terms and conditions of our share-based awards are
determined by the Compensation Committee on each award date, and may include provisions for the exercise price,
expirations, vesting, restriction on sales and forfeitures, as applicable. We issue new shares to satisfy stock issuances
under our stock incentive plans.
Our Amended and Restated 2004 Stock Incentive Plan authorizes the issuance of up to 6,500,000 common
shares in connection with the granting of stock options, stock appreciation rights, restricted stock purchase rights,
restricted stock bonuses, restricted stock units or performance units to key employees and directors. No more than
1,300,000 shares may be granted under this Plan as restricted stock or performance-based awards. As of
September 30, 2007, 2,593,648 shares of common stock were available for future issuance under this Plan.
There are four other plans under which we can no longer issue awards, although awards outstanding under
these plans may still vest and be exercised: the 1992 Employee Stock Incentive Plan; the 1993 Stock Option Plan;
the 2002 Stock Incentive Plan, and the Non-Employee Director Stock Option Plan.
We also maintain a deferred compensation plan for non-management directors under which those who are
eligible to receive fees or retainers may choose to defer receipt of their compensation. The amounts deferred are
converted into stock equivalents at the then current market price of our common stock. Effective November 9, 2006,
the deferred compensation plan was amended to eliminate a 25% company match of such deferred amounts and
require settlement in shares of our common stock based on the number of stock equivalents at the time of a
participant’s separation from the Board of Directors. As a result of changing the method of settlement from cash to
stock, the deferred compensation obligation has been reclassified from accrued liabilities to capital in excess of par
value in the accompanying consolidated balance sheet as of September 30 2007. This plan provides for the issuance
of up to 200,000 common shares in connection with the crediting of stock equivalents. No shares have been issued in
connection with this plan, as amended, as of September 30, 2007.
F-25
JACK IN THE BOX INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)