HPQ » Topics » All Other Compensation Table

This excerpt taken from the HPQ DEF 14A filed Jan 29, 2008.

All Other Compensation Table

        The following table provides additional information about the amounts that appear in the "All Other Compensation" column in the Fiscal 2007 Summary Compensation Table above:

Name

  401(k)
Company
Match(1)
($)

  NQDC
Company
Match(2)
($)

  Financial
Counseling
($)

  Restricted
Stock
Dividends
($)

  Term Life
Insurance(3)
($)

  Personal
Aircraft
Usage(4)
($)

  Security
Services/
Systems(5)
($)

  Relocation
Expenses(6)
($)

  Miscellaneous(7)
($)

  Tax
Gross-
Up(8)
($)

  Total
($)

Mark V. Hurd   13,200   13,200   19,700   138,400   996   52,906   125,825   111,082   4,924   34,835   515,068
Catherine A. Lesjak   8,800     20,250   11,600   376   159       737   234   42,156
Ann M. Livermore   8,800     18,000   47,360   793   112,463       536   5,499   193,451
Vyomesh I. Joshi   8,800     18,000   54,800   1,222   4,104       1,024   9,198   97,148
Shane V. Robison         48,000   1,148   14,337       2,463   2,022   67,970
Robert P. Wayman   8,800     18,000     1,761   35,252       16,680   574   81,067

(1)
Represents matching contributions made under the HP 401(k) Plan. Mr. Hurd and Mr. Robison are eligible for a 6% matching contribution under the HP 401(k) Plan on base pay up to IRS limits because they no longer earn pension accruals under any HP pension plan. The remaining NEOs accrued pension benefits under the HP Retirement Plan and its nonqualified counterpart through fiscal 2007 and therefore were eligible for a 4% matching contribution under the HP 401(k) Plan on base pay up to IRS limits.

(2)
Represents matching contributions under the HP Executive Deferred Compensation Plan. Because Mr. Hurd and Mr. Robison ceased accruing pension benefits in 2005, they were eligible to receive a 6% matching contribution on base pay amounts in excess of the qualified plan limit, up to two times such limit, under the HP Executive Deferred Compensation Plan. The remaining NEOs were not eligible for this matching contribution under the HP Executive Deferred Compensation Plan in fiscal 2007.

(3)
Represents imputed income on the amounts in excess of the first $50,000 of term life insurance coverage provided under HP's Life Insurance Plan, which is available to U.S. employees generally.

(4)
Represents the value of personal usage of HP corporate aircraft. Under HP's policy for the personal use of corporate aircraft, the CEO and his direct reports (the "Executive Council") are eligible to use the aircraft for personal purposes. For purposes of reporting the value of such personal usage in this table, HP uses data provided by an outside firm to calculate the hourly cost of operating each type of aircraft. These costs include the cost of fuel, maintenance, landing and parking fees, crew and catering and supplies. For trips by NEOs that involve mixed personal and business usage, HP includes the incremental cost of such personal usage (i.e., the excess of the cost of the actual trip over the cost of a hypothetical trip without the personal usage).

    For income tax purposes, the amounts included in NEO income are calculated based on the standard industry fare level ("SIFL") valuation method. For the CEO, the value of the first 25 hours of personal usage (which usage may include his spouse and other guests) is added to his income and grossed up. Other Executive Council members may use the corporate aircraft for personal purposes, subject to review by and approval of the CEO. The value of such trips is added to the executives' incomes and is not grossed up. The value of spousal travel on business trips is added to income, and this value is grossed up only if the spousal travel is requested by HP.

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(5)
Represents home security services for which Mr. Hurd is eligible under the terms of his employment agreement.

(6)
Represents the mortgage subsidy for which Mr. Hurd is eligible under the terms of his employment agreement.

(7)
Represents the value of lodging, travel and meals provided for family members accompanying the NEO on business travel, airline club dues and business-related gifts. In addition, the amounts reported for Ms. Lesjak include the value of an award of 10 shares of HP stock granted to her upon her 20th service anniversary under the HP Stock Service Award Plan, and the amounts reported for Mr. Wayman include the value of gifts presented to him upon his retirement from HP.

(8)
The amounts shown are detailed in the supplemental "Tax Gross-Up Table" below.
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