Staples 2014 Annual Report Download - page 63

Download and view the complete annual report

Please find page 63 of the 2014 Staples annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 178

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178

EXECUTIVE COMPENSATION AND COMPENSATION DISCUSSION AND ANALYSIS
www.staplesannualmeeting.com STAPLES 59
Non-Qualified Deferred Compensation for 2014 Fiscal Year
The following table sets forth summary information with respect to each of the NEOs regarding contributions to our Supplemental
Executive Retirement Plan (“SERP”) for our 2014 fiscal year:
Executive
Contributions in
Last FY
($)
Company
Contributions in
Last FY
($)*
Aggregate Earnings
in Last FY
($)
Aggregate
Withdrawals/
Distributions
($)
Aggregate Balance
at Last FYE
($)*
Ronald L. Sargent 224,857 50,625 469,267 0 6,559,305
Christine T. Komola 35,044 23,100 72,305 0 921,146
John Wilson 26,943 26,720 545 0 56,245
Joseph G. Doody 339,010 27,076 389,488 0 7,019,511
Demos Parneros 34,652 27,611 126,739 0 1,395,599
* Company contribution amounts in 2014 are included in the All Other Compensation column of the Summary Compensation
Table included in this proxy statement. In addition, amounts reported in the aggregate balance that were previously included
in the Summary Compensation Table in prior years can be found in the All Other Compensation Table included in this
proxy statement.
Our SERP is a non-qualified deferred compensation plan which
is generally intended to provide comparable benefits above
the applicable limits of our 401(k) qualified plan. Our SERP
provides participants with a range of well diversified investment
options similar to our 401(k) plan. Eligible executives, including
the named executive officers, may contribute up to 100%
of their base salary and annual cash bonus and will receive
matching contributions in cash equal to 100% of each dollar
saved, up to a maximum of 4% of base salary and bonus.
The matching contributions generally vest 20% per year
during the first five years of service based on hours worked
during a calendar year. After five years of service, participants
are generally fully vested in all matching contributions. All of
our named executive officers, other than Mr. Wilson, are fully
vested in their SERP balances. Benefits generally are paid to
the participant in accordance with a predefined distribution
schedule based on the requirements of Section 409A under
the Internal Revenue Code. Executives may also contribute
a portion of their Long Term Cash Incentive Plan payments;
however, they will not receive matching contributions from us.
Potential Payments Upon Termination or Change-in-Control
The tables below show the estimated incremental value
transfer to each current named executive officer under various
scenarios relating to a termination of employment. The tables
below and the discussion that follows assume that such
termination occurred on January 31, 2015. The actual amounts
that would be paid to any named executive officer can only be
determined at the time of an actual termination of employment
and would vary from those listed below. The estimated
amounts listed below are in addition to any retirement, welfare
and other benefits that are available to associates generally.