Pier 1 2012 Annual Report Download - page 130

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that time. One or more of the plans identified may allow the administrative committee of such plan to amend the plan or
award grant agreements pursuant to the plan, subject in particular situations to certain restrictions. In such an event, the
disclosures shown below would vary depending on the amendment or restriction.
Mr. Smith’s employment agreement contains non-solicitation and non-competition terms binding Mr. Smith for one
year following termination of employment. Additionally, stock option grants under the Pier 1 Imports, Inc. 1999 Stock Plan
(“1999 plan”) and the Pier 1 Imports, Inc. 2006 Stock Incentive Plan (“2006 plan”) (as described in the footnotes below) are
subject to certain non-competition, non-solicitation and confidentiality agreements which, if violated by an optionee during
employment, or within three years after termination of employment in the event of early retirement, will result in termination
of the option grant.
Name
Voluntary
Termination
($)
Early
Retirement
($)
Voluntary
Good Reason
Termination
($)
Involuntary
Without
Cause
Termination
($)
For Cause
Termination
($)
Change
in
Control
($)
Death
($)
Disability
($)
Alexander W. Smith
Employment Agreement
Compensation/Benefits $ 0 N/A $3,150,000(13) $3,150,000(13) $0 $ 4,027,569(13) $ 0 $ 787,500(13)
Supplemental
Retirement Plan(1)
Benefit Payment $9,408,592 $9,408,592 $9,408,592 $9,408,592 $0 $13,043,376 $4,511,427 $18,333,386
Insurance Premiums $ 596,114 $ 596,114 $ 596,114 $ 596,114 $0 $ 596,114 $ 0 $ 596,114
Restricted Stock Awards
Time-based $ 0(2) N/A(3) $5,137,500(13) $5,137,500(13) $0(2) $ 0(5) $ 0(6) $ 0(6)
Performance-based $ 0(2) N/A(3) $5,137,500(13) $5,137,500(13) $0(2) $ 0(5) $ 0(6) $ 0(6)
Charles H. Turner
Supplemental
Retirement Plan(1)
Benefit Payment $4,373,679 N/A $4,373,679 $4,373,679 $0 $ 7,446,908 $4,065,299 $ 4,191,850
Insurance Premiums $ 0 N/A $ 0 $ 0 $0 $ 932,902 $ 0 $ 932,902
Restricted Stock Awards
Time-based $ 0(2) N/A(3) $ 0(2) $ 742,102(4) $0(2) $ 742,102(5) $ 742,102(6) $ 742,102(6)
Performance-based $ 0(2) N/A(3) $ 0(2) $ 543,835(4) $0(2) $ 543,835(5) $ 543,835(6) $ 543,835(6)
Stock Options $ 0(7) N/A(8) $ 0(7) $ 0(9) $0(10) $ 101,138(11) $ 101,138(12) $ 101,138(12)
Catherine David
Restricted Stock Awards
Time-based $ 0(2) N/A(3) $ 0(2) $ 424,316(4) $0(2) $ 424,316(5) $ 424,316(6) $ 424,316(6)
Performance-based $ 0(2) N/A(3) $ 0(2) $ 0(4) $0(2) $ 424,316(5) $ 0(6) $ 0(6)
Gregory S. Humenesky
Supplemental
Retirement Plan(1)
Benefit Payment $ 920,899 N/A $ 920,899 $ 920,899 $0 $ 1,957,091 $ 910,987 $ 3,114,956
Insurance Premiums $ 0 N/A $ 0 $ 0 $0 $ 488,140 $ 0 $ 488,140
Restricted Stock Awards
Time-based $ 0(2) N/A(3) $ 0(2) $ 293,865(4) $0(2) $ 293,865(5) $ 293,865(6) $ 293,865(6)
Performance-based $ 0(2) N/A(3) $ 0(2) $ 0(4) $0(2) $ 293,865(5) $ 0(6) $ 0(6)
Stock Options $ 0(7) N/A(8) $ 0(7) $ 0(9) $0(10) $ 101,138(11) $ 101,138(12) $ 101,138(12)
Sharon M. Leite
Restricted Stock Awards
Time-based $ 0(2) N/A(3) $ 0(2) $ 368,009(4) $0(2) $ 368,009(5) $ 368,009(6) $ 368,009(6)
Performance-based $ 0(2) N/A(3) $ 0(2) $ 0(4) $0(2) $ 368,009(5) $ 0(6) $ 0(6)
Stock Options $ 0(7) N/A(8) $ 0(7) $ 0(9) $0(10) $ 101,138(11) $ 101,138(12) $ 101,138(12)
(1) The amounts shown for voluntary termination, voluntary good reason termination, and involuntary without cause
termination represent the present value of the lump-sum amount of the actuarial equivalent of the termination benefit for
each participating named executive officer, other than Mr. Smith, under the Supplemental Retirement Plan which is
payable at age 65. For Mr. Smith, the amounts shown represent a lump-sum amount of the actuarial equivalent of his
benefit under the plan given his eligibility for early retirement under the plan. The amount shown for change in control
represents the present value of the lump- sum amount of the actuarial equivalent of the benefits for each participating
named executive officer assuming the executive officer is involuntarily terminated other than for cause, or leaves the
employment of Pier 1 Imports for good reason (as defined in the plan), on February 25, 2012, and that such date is within
24 months of a change in control (as defined in the plan) of Pier 1 Imports.
(2) Generally, under grant agreements pursuant to the 2006 plan, termination of employment for any reason results in a
forfeiture to Pier 1 Imports of all unvested restricted stock awards. However, as discussed in footnote 13 below, all
48