Jack In The Box 2011 Annual Report Download - page 74

Table of Contents
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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):
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
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Estimated net contributions during fiscal 2012 $3,381 $1,395
Estimated future year benefit payments during fiscal years:
2012 $ 11,299 $ 1,395
2013 11,705 1,440
2014 12,170 1,499
2015 12,779 1,547
2016 13,651 1,600
2017-2021 92,420 9,801
We will continue to evaluate contributions to our qualified pension plan 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 2, 2011 and include estimated future employee service.
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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 2, 2011, 1,063,810 shares of common stock were available for future issuance under this plan.
There are three other plans under which we can no longer issue awards, although awards outstanding under these plans may still vest and be exercised:
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 deferred amounts are converted to stock equivalents. The plan requires 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. This plan provides for the issuance
of up to 350,000 shares of common stock in connection with the crediting of stock equivalents. As of October 2, 2011, 243,165 shares of common
stock were available for future issuance under this plan.
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