Staples 2015 Annual Report Download - page 58

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EXECUTIVE COMPENSATION AND COMPENSATION DISCUSSION AND ANALYSIS
54 STAPLES Notice of Annual Meeting of Stockholders
Non-Qualified Deferred Compensation for 2015 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 2015 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 384,851 114,293 -321,047 0 6,737,402
Christine T. Komola 101,809 42,229 -85,247 0 979,936
Joseph G. Doody 824,386 47,570 -356,741 0 7,534,727
Demos Parneros 71,159 48,828 -45,592 0 1,469,995
John Wilson 47,102 47,199 62 0 150,608
* Company contribution amounts in 2015 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 an additional
retirement account option above the applicable limits of
our 401(k) qualified plan. Our SERP provides participants
with a range of 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 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.
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 30, 2016. 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.