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DVN » Topics » NONQUALIFIED DEFERRED COMPENSATION IN 2006

This excerpt taken from the DVN DEF 14A filed Apr 27, 2007.
NONQUALIFIED DEFERRED COMPENSATION IN 2006
 
The table below shows information about our Deferred Compensation Plan. The Deferred Compensation Plan is designed to allow each executive to contribute up to 50% of his or her base salary and up to 100% of his or her bonus, and receive a Company match beyond the contribution limits prescribed by the IRS with regard to our 401(k) Plan. The Deferred Compensation Plan allows executives to defer a portion of their cash compensation in a tax effective way at a minimal cost to us.
 
                                         
    Executive
 		    Registrant
 		    Aggregate
 		             
    Contributions
 		    Contributions
 		    Earnings in
 		    Aggregate
 		    Aggregate Balance
 		 
    in Last Fiscal
 		    in Last Fiscal
 		    Last Fiscal
 		    Distributions in
 		    at Last Fiscal Year
 		 
    Year
 		    Year
 		    Year
 		    Last Fiscal Year
 		    End
 		 
Name   ($)(1)     ($)(2)     ($)     ($)     ($)  
 
J. Larry Nichols
    204,000       185,400       121,975       —       1,049,307  
John Richels
    117,000       99,900       32,117       —       366,033  
Danny J. Heatly
    118,000       10,038       54,002       —       580,243  
Stephen J. Hadden
    30,000       37,800       3,740       —       102,222  
Darryl G. Smette
    81,000       65,400       68,856       —       758,212  
Brian J. Jennings
    76,923       68,400       32,703       32,458       391,375  
Robert A. Myers
    —       —       —       —       —  
 
 
(1) The amounts in this column are also included in the Summary Compensation Table on page 27, in the salary column or the bonus column.
 
(2) The amounts in this column are also included in the Summary Compensation Table on page 27, in the “All Other Compensation” column as the excess portion of the 401(k) Plan match.


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