Annual Reports

 
Quarterly Reports

 
8-K

  • 8-K (Sep 17, 2014)
  • 8-K (Sep 11, 2014)
  • 8-K (Jul 25, 2014)
  • 8-K (Jul 17, 2014)
  • 8-K (Jun 24, 2014)
  • 8-K (Jun 19, 2014)

 
Other

Pier 1 Imports 8-K 2008

Exhibit 10.7

Supplemental Retirement Plan

PARTICIPATION AGREEMENT AMENDMENT

This Participation Agreement Amendment (“Amendment”) is made and entered into as of this 20th day of April, 2008, by and between Pier 1 Imports, Inc. (“Pier 1”) and David A. Walker (the “Participant”). Except as otherwise set forth herein, this Amendment is subject to all of the terms of the Pier 1 Imports, Inc. Supplemental Retirement Plan restated as of January 1, 2005 (the “Plan”). All terms used in this Amendment, unless specifically defined herein, have the same meanings attributed to them in the Plan.

The Participant and Pier 1 previously entered into a Supplemental Retirement Plan Participation Agreement dated April 20, 2000 (the “Agreement”). The Agreement permitted the Participant to elect an alternative form of benefit payment. Pursuant to the terms of the Agreement, the form of benefit payment election under the Plan was irrevocable. The form of benefit payment election is no longer irrevocable under the Plan except as otherwise set forth below. In addition, the Committee recommended and the Board approved on January 24, 2008 a lump-sum time and form of benefit payment election for the Participant. Pier 1 and the Participant agree to the following terms and conditions:

The Participant hereby elects to receive benefits from the Plan in the following form payable at the time or commencing payment at the time specified in the Plan:

   A lump sum payment which is the Actuarial Equivalent of the basic form of the Supplemental Retirement Benefit determined under Article IV of the Plan.

   A monthly joint and survivor annuity with payment continued to the survivor* at one hundred percent (100%).

   A monthly joint and survivor annuity with payment continued to the survivor* at fifty percent (50%) of the amount paid to the Participant.

* The “survivor” is the “Beneficiary” as defined in the Plan.

The Participant may change such election to another form of payment allowed under the Plan up until December 31, 2008 by executing an amendment form similar to this Amendment. As of January 1, 2009, the payment election in effect on December 31, 2008 shall be irrevocable except that the Participant may by written notice to Pier 1 change such election to another form of payment allowed under the Plan (a “Change Election”) subject to the following conditions:

(i) The Change Election will not take effect until 12 months after the date on which the election is made;

(ii) If the Change Election relates to a payment other than a payment on account of disability or death (as such terms are defined under the regulations promulgated pursuant to Section 409A of the Code), the payment will be deferred for a period of 5 years after the date such payment is originally scheduled to occur (or in the case of a life annuity or installment payments treated as a single payment, 5 years from the date the first amount was scheduled to be paid); and


(iii) If the Change Election relates to a payment which is defined as a payment at a specified time or pursuant to a fixed schedule under the regulations promulgated pursuant to Section 409A of the Code, the Change Election may not be made less than 12 months before the date the payment was originally scheduled to be paid (or, in the case of a life annuity or installment payments treated as a single payment, 12 months before the date the first amount was scheduled to be paid).

Participant:

 
 
   
David A. Walker Date
 
 

Pier 1 Imports, Inc.

 
   
Gregory S. Humenesky Date
Executive Vice President – Human Resources




2

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki