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CVS » Topics » All Other Compensation - Fiscal Year 2008

This excerpt taken from the CVS DEF 14A filed Mar 24, 2009.

All Other Compensation – Fiscal Year 2008

 

         
Name & Principal 2008 Positions   Perquisites &
Other Personal
Benefits (a)
($)		   Company
Contributions to
Defined
Contribution
Plans (b)
 ($)		   Insurance
Premiums (c)
($)		   Other
($)

Thomas M. Ryan
Chairman of the Board, President and Chief Executive Officer

   139,200   312,960   13,955   —  

David B. Rickard
Executive Vice President, Chief Financial Officer and Chief Administrative Officer

   12,004   131,250   2,263   —  

Chris W. Bodine
Special Advisor to the CEO

   41,200   151,399   —     —  

Howard A. McLure
Executive Vice President and President - Caremark Pharmacy Services

   10,181   9,200   1,314   —  

Larry J. Merlo
Executive Vice President and President - CVS/pharmacy - Retail

   16,400   155,240   —     —  

Douglas A. Sgarro
Executive Vice President, Chief Legal Officer and President - CVS Realty Co.

   31,529   120,251   —     —  

 

  (a) The amounts above reflect the following: for Mr. Ryan, $110,854 associated with personal use of company aircraft, $2,885 associated with personal use of a company car, $13,413 for financial planning services, $5,798 for home security, and $6,250 associated with CVS Caremark Charity Classic fundraising auction; for Mr. Rickard, $1,932 associated with personal use of company aircraft, $10,000 for financial planning services and $72 for home security; for Mr. Bodine, $3,426 associated with personal use of company aircraft, $13,750 for financial planning services, $10,000 for legal services, $7,774 for home security and $6,250 associated with CVS Caremark Charity Classic fundraising auction; for Mr. McLure, $3,000 for car allowance, $ 1,380 for club membership and $5,801 for financial planning services; for Mr. Merlo, $374 associated with personal use of company aircraft, $15,000 for financial planning services, and $1,026 for home security; for Mr. Sgarro, $3,313 associated with personal use of company aircraft, $13,802 for financial planning services, $1,164 for home security and $13,250 associated with CVS Caremark Charity Classic fundraising auction. The Company determines the amount associated with personal use of Company aircraft by calculating the incremental cost to the Company based on the cost of fuel, trip-related maintenance, deadhead flights, crew travel expenses, landing fees, trip-related hangar costs and smaller variable expenses.

 

  (b) For 2008, this amount includes the following contributions to the CVS 401(k) and ESOP: 401(k) cash match equal to $7,676 and CVS Caremark common stock match equal to 133.05 shares, valued at approximately $3,824, for each of Messrs. Ryan, Rickard, Bodine, Merlo and Sgarro. It also includes Company matching contributions credited to notional accounts in the unfunded Deferred Compensation Plan equal to: for Mr. Ryan, $301,460; for Mr. Rickard, $119,750; for Mr. Bodine, $139,899; for Mr. Merlo, $143,740; and for Mr. Sgarro, $108,751. It includes Company matching contributions for Mr. McLure in the Care$ave plan equal to $9,200.

 

  (c) Includes imputed income in connection with life insurance programs as follows: for Mr. Ryan, $13,955; and for Mr. Rickard, $2,263. Also reflects premiums paid for long-term disability insurance for Mr. McLure.

 

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