Logitech 2010 Annual Report Download - page 116

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NON-QUALIFIED DEFERRED COMPENSATION FOR FISCAL YEAR 2010
The following table sets forth information regarding the participation by our named executive officers in the
Logitech Inc. Deferred Compensation Plan during fiscal year 2010 and at fiscal year-end.
Name
Executive
Contributions in
Last Fiscal Year
($)(1)
Logitech
Contributions in
Last Fiscal Year
($)
Aggregate
Earnings in
Last Fiscal
Year ($)(2)
Aggregate
Withdrawals/
Distributions
($)
Aggregate
Balance at Last
Fiscal Year End
($)
Gerald Quindlen .......... — — — — —
Erik Bardman ............ — — — — —
Guerrino De Luca ......... — — — — —
Tom Fergoda ............. — — — — —
Mark J. Hawkins .......... — — 21,431 79,371 —
David Henry ............. — — — — —
Junien Labrousse . . . . . . . . . 439,250 — 488,820 — 1,787,840
(1) Amounts included in the Summary Compensation table in the “Salary” and “Non-Equity Incentive Plan
Compensation” columns. All contributions were made under the Logitech Inc. Deferred Compensation
Plan.
(2) These amounts are not included in the Summary Compensation Table because plan earnings were not
preferential or above market.
NARRATIVE DISCLOSURE TO NON-QUALIFIED DEFERRED COMPENSATION TABLE
The Logitech Inc. Deferred Compensation Plan effective January 1, 2009 allows the participating executive
officers and other eligible employees to defer up to 80% of their annual base salary and up to 90% of annual cash
bonuses or commissions.
Upon enrollment, participants select from a number of investment benchmarks selected by Logitech Inc.’s
Deferred Compensation Committee for this purpose, and the participant’s account is periodically credited with
an amount equal to the investment performance of the benchmark. Investment benchmarks may be changed by a
participant no more than once each month.
Participants can elect upon enrollment to receive one lump-sum distribution per year beginning in the third year
of plan participation. Although pre-retirement distributions can subsequently be postponed (subject to conditions)
or canceled, participants cannot elect any additional pre-retirement distributions after initial enrollment, except in
limited circumstances.
Distributions are generally payable to participants upon termination of employment in a lump sum or, in the
case of retirement, disability or death, in a series of annual payments of up to 10 years, as elected by the participants,
subject to any requirements of Section 409A of the U.S. Tax Code.
The Deferred Compensation Plan is the successor to an earlier plan that provided substantially
similar benefits.
PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL
We have entered into agreements that provide for payments under certain circumstances in the event of
termination of employment of our executive officers. These agreements include:
• Change of control severance agreements, under which the executive officers may receive certain benefits
if they are subject to an involuntary termination within 12 months after a “change of control” because
his or her employment is terminated without cause or the executive resigns for good reason.
• PRSU and RSU award agreements, that provide for the accelerated vesting of the shares subject to the
award agreements under the same circumstances as under the change of control agreements.