MY SUPPLEMENTAL EXECUTIVE CHOICE PROGRAM
WHAT IS THE SUPPLEMENTAL EXECUTIVE CHOICE PROGRAM?
The SECP was designed to further enhance the total value of your executive compensation package and give you
even more flexibility when making benefits choices. The SECP puts you in control of making decisions that best
meets your personal and family needs.
From Supplemental Life Insurance to the Car Program and Personal Excess Liability benefits, the SECP
provides you with access to a wide variety of rich benefits and programs offered exclusively to Executives of The
HOW THE PLAN WORKS
Each calendar year, on January 1st, you will receive a supplemental benefits allowance. You can use your
allowance to purchase and enroll in additional benefits. The money you spend from your allowance is considered
taxable income. It will be reported on your W-2 and will be taxed in the year your benefits are paid.
Each March, the Company will make an additional payment to you to help cover the taxes incurred for benefits
paid in the previous year. This additional payment also will be considered part of your taxable income and will be
reported on your W-2 in the year it was paid.
SECP BENEFIT OPTIONS AT A GLANCE
SUPPLEMENTAL LONG-TERM DISABILITY INCOME PROTECTION (SDIP). You can purchase
additional LTD insurance designed to replace a greater percentage of the value of your total compensation.
SUPPLEMENTAL LIFE INSURANCE (SLI). Choose from two options: (1)You can purchase Variable
Universal Life Insurance for up to three times your base salary, plus incentive, and minus the $300,000 already
provided by The Home Depot, up to a maximum of $700,000, or (2) purchase Term Life Insurance up to a
maximum of $5 million.
MEDICAL/DENTAL REIMBURSEMENT. You may use any portion of your allowance to receive
reimbursement for most medical and dental expenses not covered under the standard medical and dental plans
for yourself and covered dependents.
FINANCIAL SERVICES. You may elect to receiv