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This excerpt taken from the PBG DEF 14A filed Mar 31, 2006. Other Benefits. The
Covered Executives generally participate in the same pension
(both qualified and non-qualified), 401(k), and health and
welfare (including retiree medical) programs as are provided to
other employees. Mr. Rebolledo is not eligible for any
pension from the Company, and no executive has a special
retirement arrangement.
The Company maintains an Executive Income Deferral Program (the “Deferral Program”) through which executives, including the three Covered Executives paid in U.S. dollars, may elect to defer all or part of their base salaries and/or their annual cash incentives. Amounts properly deferred in accordance with the Deferral Program and applicable laws and regulations are recorded in an unfunded deferral account and credited with investment gains or losses based on the phantom investment options selected by the executive. Other than as discussed in footnote 14 to the 18
Table of Contents
Summary Compensation Table on page 11, all
of the investment options are market-based and are currently
available to PBG employees through the Company’s 401(k)
plan.
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