SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Target Corp – ‘10-Q’ for 10/30/10 – ‘EX-10.A’

On:  Friday, 12/3/10, at 9:45am ET   ·   For:  10/30/10   ·   Accession #:  1104659-10-61015   ·   File #:  1-06049

Previous ‘10-Q’:  ‘10-Q’ on 8/27/10 for 7/31/10   ·   Next:  ‘10-Q’ on 5/26/11 for 4/30/11   ·   Latest:  ‘10-Q’ on 11/22/23 for 10/28/23   ·   4 References:   

Find Words in Filings emoji
 
  in    Show  and   Hints

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/03/10  Target Corp                       10-Q       10/30/10   51:9.7M                                   Toppan Merrill/FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    844K 
 2: EX-10.A     Material Contract                                   HTML     28K 
 3: EX-12       Statement re: Computation of Ratios                 HTML     50K 
 4: EX-31.A     Certification -- §302 - SOA'02                      HTML     24K 
 5: EX-31.B     Certification -- §302 - SOA'02                      HTML     24K 
 6: EX-32.A     Certification -- §906 - SOA'02                      HTML     19K 
 7: EX-32.B     Certification -- §906 - SOA'02                      HTML     19K 
39: XML         IDEA XML File -- Definitions and References          XML    119K 
46: XML         IDEA XML File -- Filing Summary                      XML    131K 
44: XML.R1      Consolidated Statements of Operations                XML    341K 
45: XML.R2      Consolidated Statements of Financial Position        XML    447K 
25: XML.R3      Consolidated Statements of Financial Position        XML     74K 
                (Parenthetical)                                                  
30: XML.R4      Consolidated Statements of Cash Flows                XML    366K 
37: XML.R5      Consolidated Statements of Shareholders' Equity      XML    689K 
36: XML.R6      Consolidated Statements of Shareholders' Equity      XML    137K 
                (Parenthetical)                                                  
49: XML.R7      Accounting Policies                                  XML     41K 
19: XML.R8      Earnings Per Share                                   XML    107K 
35: XML.R9      Fair Value Measurements                              XML    296K 
17: XML.R10     Credit Card Receivables                              XML     49K 
16: XML.R11     Contingencies                                        XML     41K 
24: XML.R12     Notes Payable and Long-Term Debt                     XML     43K 
41: XML.R13     Derivative Financial Instruments                     XML     67K 
26: XML.R14     Income Taxes                                         XML     43K 
27: XML.R15     Share Repurchase                                     XML     45K 
33: XML.R16     Pension, Postretirement Health Care and Other        XML    145K 
                Benefits                                                         
51: XML.R17     Segment Reporting                                    XML    273K 
22: XML.R18     Earnings Per Share (Tables)                          XML    105K 
14: XML.R19     Fair Value Measurements (Tables)                     XML    297K 
29: XML.R20     Derivative Financial Instruments (Tables)            XML     63K 
40: XML.R21     Pension, Postretirement Health Care and Other        XML    147K 
                Benefits (Tables)                                                
20: XML.R22     Segment Reporting (Tables)                           XML    271K 
38: XML.R23     Earnings Per Share (Details)                         XML    188K 
28: XML.R24     Fair Value Measurements (Details)                    XML   1.67M 
48: XML.R25     Credit Card Receivables (Details)                    XML    264K 
43: XML.R26     Notes Payable and Long-Term Debt (Details)           XML    137K 
31: XML.R27     Derivative Financial Instruments (Details)           XML    194K 
34: XML.R28     Income Taxes (Details)                               XML     68K 
15: XML.R29     Share Repurchase (Details)                           XML    487K 
18: XML.R30     Pension, Postretirement Health Care and Other        XML    338K 
                Benefits (Details)                                               
21: XML.R31     Pension, Postretirement Health Care and Other        XML    468K 
                Benefits (Details 2)                                             
23: XML.R32     Segment Reporting (Details)                          XML    729K 
32: XML.R33     Segment Reporting (Details 2)                        XML    173K 
42: XML.R34     Document and Entity Information                      XML    142K 
47: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   1.46M 
 8: EX-101.INS  XBRL Instance -- tgt-20101030                        XML   1.89M 
10: EX-101.CAL  XBRL Calculations -- tgt-20101030_cal                XML    151K 
11: EX-101.DEF  XBRL Definitions -- tgt-20101030_def                 XML    440K 
12: EX-101.LAB  XBRL Labels -- tgt-20101030_lab                      XML   1.29M 
13: EX-101.PRE  XBRL Presentations -- tgt-20101030_pre               XML    646K 
 9: EX-101.SCH  XBRL Schema -- tgt-20101030                          XSD    154K 
50: ZIP         XBRL Zipped Folder -- 0001104659-10-061015-xbrl      Zip    133K 


‘EX-10.A’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



Exhibit (10)A

 

TARGET CORPORATION

 

EXECUTIVE EXCESS LONG TERM DISABILITY PLAN

 

As restated effective

January 1, 2010

 



 

TARGET CORPORATION

 

EXECUTIVE EXCESS LONG TERM DISABILITY PLAN

 

ARTICLE I

 

GENERAL

 

Sec. 1.1  Name of Plan. The name of the benefit plan set forth herein is “Target Corporation Executive Excess Long Term Disability Plan (the “Plan”).

 

Sec. 1.2  Purpose. The Plan has been established by the Target Corporation (the “Company”) to provide long term disability income that the Target Corporation Long Term Disability Plan, the Mervyn’s Disability Plus Plan, the AMC Long Term Disability Plan and/or the RTC Long Term Disability Plan, as in effect from time to time, (the “TGT LTD Plans”), cannot provide to certain Participants in such plan(s) because of the limitations imposed by the Internal Revenue Code of 1986, as amended, (“Code”) relative to compensation above a certain maximum in connection with computing long term disability benefits under qualified plans. This Plan will apply to all compensation in excess of the amount included in the TGT LTD Plans up to a cap of one million dollars. This cap may be changed by action of the Plan Administrative Committee for the Non-Qualified Plans (“PAC”) at any time. The Plan is intended to be a “top hat plan” as defined in Sections 201(2), 301(a)(3) and 401(a)(1) of the Employee Retirement Income Security Act of 1974, as amended from time to time, (“ERISA”) and shall be interpreted and administered accordingly.

 

Sec. 1.3  Qualified Plans. The TGT LTD Plans are sometimes referred to herein as the “Qualified Plans”.

 

Sec. 1.4  Participation. An employee of the Company or a subsidiary of the Company who is a member of a select group of management and a highly compensated employee of the

 

2



 

Company, or a subsidiary of the Company, becomes and remains a Participant in this Plan only if he is a Participant in one of the TGT LTD Plans and has compensation in excess of the Code limits for qualified earnings under a qualified long term disability plan.

 

Sec. 1.5  Miscellaneous. The terms in this Plan shall have the same meaning as those used in the Qualified Plans unless the context clearly indicates the contrary.

 

ARTICLE II

 

EXCESS LONG TERM BENEFITS

 

Sec. 2.1  Amount of Excess Long Term Disability. Each Participant in this Plan shall be entitled to excess long term disability payments in the amount of 60% of the Participant’s Compensation in excess of the maximum amount of compensation eligible for the TGT LTD Plans, provided, however, that each Participant’s Compensation shall be capped at $1 million for this purpose.  Compensation, for purposes of this Plan, means the Participant’s base salary, plus the average of the latest three years’ bonuses, as determined at the time the disability event occurred.

 

Sec. 2.2  Payments of Excess Long Term Disability. Payments of excess long term disability benefits shall be made in accordance with procedures established by the PAC or its designee.

 

ARTICLE III

 

MISCELLANEOUS

 

Sec. 3.1  Unfunded. This Plan shall be unfunded. No person entitled to a benefit under this Plan shall, by virtue of this Plan, have any interest in any specific asset or assets of the Company.  Such persons have only an unsecured contract right to receive payments in accordance with this Plan.

 

3



 

Sec. 3.2  Benefits May Not Be Assigned or Alienated. Except as required by law, the interests of persons entitled to benefits under this Plan may not in any manner whatsoever be assigned or alienated, whether voluntarily or involuntarily, or directly or indirectly.

 

Sec. 3.3  Not Employment Agreement. This Plan is not an employment agreement and does not assure the continued employment of any employee or Participant for any time or period.

 

Sec. 3.4  Administration. The PAC or its designee shall control and manage the operations and administration of this Plan and make all decisions and determinations incident thereto.

 

Sec. 3.5  Claims Procedure. If you believe that the Company’s determination is incorrect in any way, you must file a written claim with the PAC. The PAC ordinarily will respond to the claim within 90 days of the date on which it is received. However, if special circumstances require an extension of the period of time for processing a claim, the 90 day period can be extended for an additional 90 days by giving you written notice of the extension and the reason that the extension is necessary. In no event will the PAC determine a Participant to be eligible under this Plan if they are not eligible and participating under the TGT LTD Plans.

 

If the claim for a benefit is approved, you will receive written notice of the amount of your benefit and the date on which payments will begin. If your claim is denied in whole or in part, you will be told in writing the specific reasons for the decision and will receive an explanation of the procedures for reviewing the decision.

 

If you do not agree with the decision, you can request that the PAC reconsider its decision by filing a written request for review within 60 days after receiving notice that the claim has been denied. You or your representative can also present written statements which explain

 

4



 

why you believe that the benefit claimed should be paid and may review all pertinent plan documents.

 

Generally, the decision will be reviewed within 60 days after the PAC receives a request for reconsideration. However, if special circumstances require a delay, the review may take up to 120 days. (If a decision cannot be made within the 60-day period, you will be notified of this fact in writing.) You will receive a written notice of the decision which will explain the reasons for the decision by making specific reference to the Plan provisions on which the decision is based.

 

ARTICLE IV

 

AMENDMENT, TERMINATION AND APPLICABLE LAW

 

Sec. 4.1  Amendment and Termination. This Plan may be amended or terminated at any time by action of the Board of Directors of the Company, the PAC or the Chief Executive Officer of the Company.

 

Sec. 4.2  Applicable Law. The provisions of this Plan shall be construed and enforced according to the laws of the State of Minnesota to the extent that such laws are not preempted by the laws of the United States of America. All controversies, disputes, and claims arising hereunder shall be submitted to the United States District Court for the District of Minnesota.

 

5


 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:12/3/104
For Period end:10/30/10
1/1/10
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/13/24  Target Corp.                      10-K        2/03/24  131:11M
 3/08/23  Target Corp.                      10-K        1/28/23  127:12M
 3/09/22  Target Corp.                      10-K        1/29/22  124:11M
 3/10/21  Target Corp.                      10-K        1/30/21  130:12M
Top
Filing Submission 0001104659-10-061015   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Tue., Apr. 30, 5:20:23.1am ET