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NONQUALIFIED DEFERRED COMPENSATION
The following 2014 Nonqualified Deferred Compensation table shows, for Mr. Daniel P. Amos, Company contributions to
and earnings and account balances under the Aflac Incorporated Executive Deferred Compensation Plan (“EDCP”), an
unfunded, unsecured deferred compensation plan. The table also includes the amount contributed and the year-end
accrued balance in dollars for a deferred retirement obligation for Mr. Tonoike. Mr. Tonoike does not participate in the
EDCP but the Company is obligated to accrue a deferred retirement benefit under the terms of his employment
agreement.
Name
Aggregate
Balance at
Last Fiscal
Year-End
($)
Daniel P. Amos
—
441,100
264,800
— 4,969,414
Kriss Cloninger III
—
—
—
—
—
Paul S. Amos II
—
—
—
—
—
Eric M. Kirsch
—
—
—
—
—
Tohru Tonoike
—
402,235
—
— 3,252,454
1) The $441,100 deferred for Mr. Daniel P. Amos has been included in the Summary Compensation Table for the
current year. Additionally, previous years' deferrals included in the Aggregate Balance column were reported as
compensation in prior periods. The amount reported for Mr. Tonoike has been included in the non-equity incentive
plan column in the Summary Compensation Table. This amount represents one half of Mr. Tonoike's MIP
increased by 10% and is payable as a lump sum upon retirement.
2) The Company does not pay or credit above market earnings on amounts deferred by executives.
2014 NONQUALIFIED DEFERRED COMPENSATION
Executive
Contributions in Last
Fiscal Year
($)
Registrant
Contributions
in Last
Fiscal Year
(1)
($)
Aggregate
Earnings
(Loss)
in Last
Fiscal Year
(2)
($)
Aggregate
Withdrawals/
Distributions
($)
The EDCP allows certain U.S.-based officers, including
the NEOs other than Mr. Tonoike (the “Participants”), to
defer up to 75% of their base salaries and up to 100%
of their annual non-equity incentive awards. The
Company may make discretionary matching or other
discretionary contributions in such amounts, if any, that
the Compensation Committee may determine from year
to year.
The EDCP is subject to the requirements of Section
409A of the IRC. The Company amended the EDCP
document to conform to Section 409A’s requirements in
December 2009. Deferred amounts earned and vested
prior to 2005 (“grandfathered” amounts) under the
EDCP are not subject to Section 409A’s requirements
and continue to be governed generally under the terms
of the EDCP and the tax laws in effect before January
1, 2005, as applicable.
In addition to amounts that Mr. Daniel P. Amos elected
to defer and amounts of discretionary contributions the
Company credited to his account, the amounts in the
Aggregate Balance column include investment earnings
(and losses) determined under the phantom
investments described below. Account balances may
be invested in phantom investments selected by
Participants from an array of investment options that
substantially mirror the funds available under the
Company’s 401(k) Plan, except for Common Stock. The
array of available investment options changes from time
to time. Since December 31, 2011, Participants could
choose from among several different investment
options, including domestic and international equity,
income, short-term investment and blended funds.
Participants can change their investment selections
daily (unless prohibited by the fund) by contacting the
EDCP’s third-party recordkeeper in the same manner
that applies to participants in the 401(k) Plan.
Each year, when Participants elect whether to defer
compensation under the EDCP for the following year,
they also elect the timing and form of their future
distributions attributable to those deferrals, with a
separate election permitted for each type of deferral
(i.e., salary and non-equity incentive award). Under this
process, each Participant may elect for distributions
attributable to deferrals either to be made or begin in a
specific year (whether or not employment has then
ended) or at a time that begins six months after the
Participant’s termination of employment. Each
Participant may elect for any distribution to be made in
a lump sum or in up to 10 annual installments.
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