Visa 2008 Annual Report Download - page 226

Table of Contents
Currently accrued benefits under the Visa Retirement Plan become 100% vested and nonforfeitable after three years of service.
Visa Excess Retirement Plan
To the extent that an employee's annual retirement income benefit under the plan exceeds the limitations imposed by the Internal Revenue Code, such
excess benefit is paid from Visa Inc.'s nonqualified, unfunded, noncontributory Visa Excess Retirement Benefit Plan. The vesting provisions of, and formula
used to calculate the benefit payable pursuant to, the Visa Excess Retirement Benefit Plan are generally the same as those of the Visa Retirement Plan
described above, except that benefits are calculated without regard to the Internal Revenue Code tax-qualified plan limits and then offset for benefits paid
under the qualified plan.
Nonqualified Deferred Compensation
Pursuant to the Visa Deferred Compensation Plan, eligible U.S.-based employees, including our executive officers, may defer all or a portion of their
annual or long-term cash incentive awards or sign-on bonuses. In addition, we have an Excess Thrift Plan, which is a nonqualified noncontributory retirement
savings plan for employees who exceed the Internal Revenue Code limits under the Thrift Plan, in which we continue to provide the matching contribution
that could not be contributed to the Thrift Plan because of the statutory limits.
(a) (b) (c) (d) (e) (f)
Name Plan Name
Executive
Contributions
in
Last FY ($)(1)
Registrant
Contributions
in
Last FY ($)(2)
Aggregate
Earnings
in Last FY
($)
Aggregate
Withdrawals/
Distributions
($)
Aggregate
Balance
at
Last FYE
($)
Joseph W. Saunders
Excess Thrift Plan
Deferred Compensation Plan
—
—
43,200
—
(7,746
—
) —
—
41,852
—
Byron H. Pollitt
Excess Thrift Plan
Deferred Compensation Plan
—
—
13,825
—
(1,602
—
) —
—
12,224
—
John C. (Hans) Morris
Excess Thrift Plan
Deferred Compensation Plan
—
—
24,537
—
(3,361
—
) —
—
21,176
—
John M. Partridge
Excess Thrift Plan
Deferred Compensation Plan
—
—
30,916
—
(113,907
(1,463,130
)
)
—
—
350,008
5,353,844
Joshua R. Floum
Excess Thrift Plan
Deferred Compensation Plan
—
347,827
19,564
—
(10,614
(318,355
)
)
—
(242,521 )
83,532
1,248,071
(1) The amount in column (b) for Mr. Floum represents a deferral of 50% of his annual incentive award for fiscal 2007.
(2) The amounts in column (c) reflect our contribution to the Excess Thrift Plan for each named executive officer. These amounts are also reported in the "—All Other Compensation"
column of "—Summary Compensation Table."
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