Jack In The Box 2010 Annual Report Download - page 67
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Table of Contents
The following table presents the changes in Level 3 investments for the qualified plan :
Beginning balance at September 27, 2009 $ 96 $ 542 $ 192 $ 6,872 $ 7,702
Actual return on plan assets
Relating to assets still held at the reporting date 13 104 24 331 472
Relating to assets sold during the period - 7 - (40) (33)
Purchases, sales, and settlements - (242) (21) (109) (372)
Transfers in and/or out of Level 3 (40) (411) (195) - (646)
Ending balance at October 3, 2010 $ 69 $ - $ - $ 7,054 7,123
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 :
Estimated net contributions during fiscal 2011 $ 13,184 $ 1,193
Estimated future year benefit payments during fiscal years:
2011 $ 9,802 $ 1,193
2012 10,187 1,249
2013 10,639 1,305
2014 11,207 1,384
2015 11,889 1,443
2016-2020 79,280 8,893
We will continue to evaluate contributions to our defined benefit plans based on changes in pension assets as a result of asset
performance in the current market and economic environment. Expected benefit payments are based on the same assumptions used
to measure our benefit obligation at October 3, 2010 and include estimated future employee service.
Stock incentive plans We offer share-based compensation plans to attract, retain and motivate key officers, employees and non-
employee directors 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 7,900,000 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. As of October 3, 2010, 1,965,176 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.
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