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VZ » Topics » Nonqualified Deferred Compensation

This excerpt taken from the VZ DEF 14A filed Mar 17, 2008.

Nonqualified Deferred Compensation

 

          Name

            (a)

   

Executive
Contributions
in Last FY1
($)

(b)

   

Registrant
Contributions
in Last FY2
($)

(c)

   

Aggregate
Earnings
in Last FY

($)

(d)

    

Aggregate
Withdrawals/
Distributions
($)

(e)

   

Aggregate
Balance at
Last FYE4

($)

(f)

  

Mr. Seidenberg

        367,650    431,395    5,769,707     0    53,517,866 5

Mr. Strigl

        190,425    220,959    850,863     0    11,887,346  

Mr. Barr

         98,136    116,966    1,271,646     0    17,533,491  

Ms. Toben

    1,040,138    113,315    724,580     0    14,235,085  

Mr. McAdam

         96,814    138,567    175,118 3   0    2,891,487 3

 

1

Of the amounts listed in this column, the following amounts are included in the Summary Compensation Table in columns (c) and (j): for Mr. Seidenberg, $112,500; for Mr. Strigl, $61,500; for Mr. Barr, $36,900; for Ms. Toben, $138,000; and for Mr. McAdam, $34,500.

2 The amounts listed in this column are included in columns (i) and (j) of the Summary Compensation Table.

3

For Mr. McAdam, column (d) includes $112,206 in earnings under the Verizon Wireless nonqualified deferred compensation plan and column (f) includes $1,911,880 of aggregate balance under the Verizon Wireless nonqualified deferred compensation plan. Mr. McAdam is no longer an active participant in that plan.

4

The aggregate balances shown in column (f) include the following amounts that were reported as compensation to the named executive officer in the Summary Compensation Table in previous proxy statements of the registrant:

  · For Mr. Seidenberg, a total of $39,125,416 was reported (1998 to 2007);
  · For Mr. Strigl, a total of $10,552,233 was reported (2001 to 2007);
  · For Mr. Barr, a total of $2,817,764 was reported (2003 to 2007); and
  · For Ms. Toben, a total of $8,888,690 was reported (2003 to 2007).

5

For Mr. Seidenberg, approximately 40% of his aggregate balance is invested in Verizon share units.

 

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