Pier 1 2008 Annual Report Download - page 126

only be used to satisfy BRP obligations. Any future contributions will be made at the discretion of the board
of directors and may be made in the form of cash or other assets such as life insurance policies.
Name
Executive
Contributions in
Last Fiscal Year(1)
($)
Registrant
Contributions in
Last Fiscal Year(2)
($)
Aggregate
Earnings in Last
Fiscal Year(3)
($)
Aggregate
Withdrawals /
Distributions(4)
($)
Aggregate
Balance at Last
Fiscal Year-End(5)
($)
Charles H. Turner
BRPI................ $ 0 $ 0 $ 2,074 $313,536 $ 0
BRPII ............... $ 7,805 $ 5,853 $ 3,162 $ 0 $ 53,415
Gregory S. Humenesky
BRPII ............... $ 0 $ 0 $ 3,295 $ 0 $ 48,567
Jay R. Jacobs
BRPI................ $ 0 $ 0 $27,089 $603,842 $ 0
BRPII ............... $18,087 $10,852 $10,664 $ 0 $171,359
Phil E. Schneider (Employment ended August 6, 2007)
BRPI................ $ 0 $ 0 $35,857 $671,354 $ 0
BRPII ............... $13,588 $ 4,077 $ 6,655 $109,085 $ 0
David A. Walker
BRPI................ $ 0 $ 0 $32,822 $ 0 $483,750
BRPII ............... $21,565 $10,783 $ 5,345 $ 0 $ 96,255
(1) Reflects participation by Messrs. Turner, Humenesky, Jacobs, Schneider and Walker during fiscal 2008 in
the Pier 1 Imports Benefit Restoration Plan II. These deferral amounts are included in each executive
officer’s salary amount in the Summary Compensation Table above.
(2) Reflects Pier 1 Imports’ matching contribution credited to the account of the named executive officer pur-
suant to the BRP II. These amounts are also included as All Other Compensation in the Summary Com-
pensation Table above.
(3) Reflects interest earnings on each compensation deferral listed plus applicable matching contributions. The
interest earnings shown are the total amount of interest payments accrued. See footnote 4 to the Summary
Compensation Table above for the above market earnings portion of these interest earnings in fiscal 2008.
(4) In fiscal 2008, BRP I and BRP II plan account distributions for Mr. Schneider were made pursuant to the
end of his employment. In addition, Mr. Jacobs and Mr. Turner elected an in-service lump-sum distribution
of their BRP I accounts subject to a 10% penalty for early withdrawal which was netted out of the distri-
butions shown in the table above. No other withdrawals or distributions were made to the named executive
officers in fiscal 2008.
(5) All executives listed in the table above are fully vested in the BRP I and BRP II with the exception of
Mr. Humenesky who is 60% vested.
Potential Payments upon Termination or Change in Control
The following table shows potential payments to our named executive officers under existing contracts,
agreements, plans or arrangements to which they are a party for various scenarios including a change in
control or termination of employment, assuming the event occurred on March 1, 2008 and, where applicable,
using the closing price of Pier 1 Imports’ common stock of $5.24 (the NYSE closing price on February 29,
2008). The table below does not include normal (versus early) retirement payout information because as of
March 1, 2008 none of the named executive officers who participate in Pier 1 Imports’ Supplemental
Retirement Plan were eligible for normal retirement. Mr. Schneider is excluded from the tabular discussion
below as his employment with Pier 1 Imports ended on August 6, 2007. On October 29, 2007, Mr. Schneider
was paid $366,250 for settlement of his post-employment consulting agreement in connection with the end of
his employment. Retirement benefits and payments to Mr. Schneider are set forth in the Summary Compensa-
tion, the Pension Benefits and the Non-Qualified Deferred Compensation Tables above. For additional
information regarding the Supplemental Retirement Plan, please reference the Pension Benefits discussion
above. Potential payments to our named executive officers upon termination of employment under Pier 1
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