Pier 1 2014 Annual Report Download - page 127

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EXECUTIVE COMPENSATION
(2) Reflects Pier 1 Imports’ matching contribution credited to the DCP account of each NEO during fiscal 2014. These amounts are also included as All Other Compensation in the table included
under the caption “Summary Compensation Table for the Fiscal Years Ended March 1, 2014, March 2, 2013 and February 25, 2012” above.
(3) Reflects interest earnings on BRP II accounts during fiscal 2014. The interest earnings are the total amount of interest payments received.
(4) Reflects the appreciation or depreciation of the deemed investment crediting options held in the participant’s DCP account.
(5) All of the NEOs are fully vested in BRP II and DCP.
Potential Payments upon Termination or Change in Control
The following table shows potential payments to the NEOs 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, 2014 and, where applicable, using the closing price of Pier 1 Imports’ common stock of $18.92 (the NYSE closing
price on February 28, 2014). The table below does not include normal (versus early) retirement payout information because as of
March 1, 2014 none of the NEOs who participate in Pier 1 Imports’ Supplemental Retirement Plan was eligible for normal
retirement. For additional information regarding the Supplemental Retirement Plan, see the information above under the caption
“Pension Benefits Table for the Fiscal Year Ended March 1, 2014.” Potential payments to the NEOs upon termination of
employment under Pier 1 Imports’ non-qualified deferred compensation arrangements are discussed above under the caption
“Non-Qualified Deferred Compensation Table for the Fiscal Year Ended March 1, 2014.”
All stock options granted to the NEOs are fully vested. Vested stock options and their exercise prices are shown above in the
table included under the caption “Outstanding Equity Awards Table for the Fiscal Year Ended March 1, 2014.”
These disclosures are based on the terms and provisions of the agreements, plans and arrangements as they existed at the end
of Pier 1 Imports’ fiscal 2014, and Pier 1 Imports’ interpretation of those terms and provisions at 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.
PIER 1 IMPORTS, INC. 2014 Proxy Statement 49